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 Haymarket
NLNicky Li
Mortgage Broker
0433 339 368
DSDenise Sisavanh-Chan
Mortgage Broker
0410 606 033
BABishnu Aryal
Mortgage Broker
0413 428 254
YTYP Timalsina
Mortgage Broker
0416 813 546
EFEric Fung
Australian Finance Corporation Pty Ltd
0292 813 688
JHJenny Huang
Mortgage Broker
0481 001 557
SYsally Yan
Mortgage Broker
0423 678 021
BSBhume Subedi
Smart Mortgage Hub
0420 296 708
RYRongbing Yi
Mortgage Broker
0430 966 335
ALAlan Law
168 Finance
0416 200 008
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.