Building a home requires specialized financing with progress payments and different structures to standard home loans. Construction loan specialists understand builder contracts, progress draw schedules, and council requirements.
Why Use a Construction Loans Specialist?
- Progress payment draw-down structures
- Land and construction package finance
- Knock-down rebuild loan expertise
- Owner-builder loan options
- Fixed price contract requirements
Construction Loans Brokers in Harrington Park
NSNavkaranpreet Singh
Mortgage Broker
0405 027 000
DYDiane Yeates
Diane Yeates Macarthur Homeloans Pty Ltd
0421 824 408
MCMimma Cortes
Mortgage Broker
0400 975 024
GEGraham Eggert
Mortgage Broker
0437 625 662
APAlyce Prentice
Mortgage Broker
0421 443 672
ACAndre Cortes
Mortgage Broker
0421 816 883
ZHZac Hamdan
Mortgage Broker
0435 361 993
DMDavid Murray
MURRAY FINANCIAL PTY LTD
0421 838 211
TSTommy Sipina
Mortgage Broker
0411 698 002
AYAlex Yenco
Mortgage Broker
0417 778 760
Frequently Asked Questions
How do construction loan repayments work?
During construction, you typically only pay interest on funds drawn. Once complete, the loan converts to a standard principal and interest home loan.
What deposit do I need for a construction loan?
Most lenders require 20% of the total cost (land + build). Some allow less with LMI. You'll also need funds for council fees and other costs.
Can I get a construction loan for an owner-builder project?
Yes, but options are more limited. Lenders typically require higher deposits and may have stricter requirements for owner-builders.