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 Homebush West
BCBenjamin Cai
Best Mortgage Solutions
0412 660 803
MJManish Joshi
Our Dream Associates Pty Ltd
0433 055 529
CYCathy Yin
XIN Mortgage Sydney Pty Ltd
0430 520 912
NJNirwan Joshi
Mortgage Broker
0424 749 860
YZYan Zheng
Best Mortgage Solutions
0424 868 889
YYYurick Yu
Garden Finance Solutions Pty Ltd
0491 061 684
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.