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 Kingsgrove
RTRobert Tabet
Concord Group Pty Limited
0449 666 666
ADAndrea Daniele
All Money Mortgages Pty Ltd
0400 595 008
KBKim Bui
Mortgage Broker
0450 752 512
AMAbdul Moussalli
Australian Property Choice
0412 800 400
RCRoss Cacozza Cacozza
Viva Lending
0408 997 988
ATAnne Tran
Mortgage Broker
0458 333 855
MFMarc Fattore
Mortgage Broker
0438 836 248
RTRobert Tassone
Alessimo PTY LTD
0400 949 724
MLMichael Luca
Mortgage Broker
0405 113 543
RSRob Scozzafava
Mortgage Broker
0423 727 172
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.