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 Harris Park
VRVijay Raj
Mortgage Broker
LJLan Jin
Mortgage Broker
0430 051 550
HXHailin Xiao
Mortgage Broker
0415 888 001
CGCharu Goswami
Mortgage Broker
0425 271 638
SSShailendra Sharma
Mortgage Broker
0456 420 824
VDVijay Dantu
Mortgage Broker
0412 309 469
ANArnav Narula
Impact Loans Pty Ltd
0296 870 777
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.