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 Kingsford
NHNeville Halil
Mortgage Broker
0414 441 476
BTBrock Thompson
Scarlett Financial Sydney
0434 901 571
MNMichael Nunn
Mortgage Broker
0499 244 029
STSimon Tungka
Complete Link Finance
0414 555 329
EVEmily Vo
Mortgage Broker
0432 499 879
ELEdward Lloyd Jones
Australian Finance Negotiators Pty Ltd
0414 387 140
JPJohn Poulos
Mortgage Broker
0410 186 144
TKTanzeem Khan
Finmortg Brokers
0416 866 758
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.