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 Killara
GBGreg Barwell
Holistic Home Loans
0411 873 069
RXRuping Xie
Mortgage Broker
0481 830 418
CWCristina Wang
Mortgage Broker
0410 888 829
BBBasanta Bartaula
Comfort Mortgage & Finance PTY LTD
0402 701 857
SAShahin Afarin
Mortgage Broker
0420 987 683
MAMichael Auer
Mortgage Broker
0423 787 270
BKBala Krishnan
Anchor Financial
0414 705 952
RSRaymond Seeto
Mortgage Broker
0413 815 108
MLMario Lan
Mortgage Broker
0433 233 266
LLLisa Lu
Mortgage Broker
0410 513 814
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.