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 Kogarah
AGAnthony Gentile
Mortgage Broker
0431 708 806
BGBasu Ghimire
Mortgage Broker
0432 663 191
ABAli Beydoun
Mortgage Broker
0413 160 936
NSNick Sekulovski
Unicorn Mortgages Pty Ltd
0410 005 570
NSNickolas Samaras
Mortgage Broker
0414 612 718
ATAlan Tran
Mortgage Broker
0415 568 048
JAJohn Athanas
Mortgage Broker
0411 210 867
RSRaj Sapkota
RIN Financial
NYNicole Yu
Mortgage Broker
0402 854 150
MIMatteo Isaac
Mortgage Broker
0451 099 100
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.