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 Lane Cove
BBBen Brown
Mortgage Broker
0416 936 099
NSNicole Southerton
Are We Home Yet Pty Ltd
0403 124 232
ASAndrew Soo
Mortgage Broker
0414 722 138
JHJosie Hind
Josie Hind Mortgages
0412 195 301
SGSean Greene
Mortgage Broker
0415 393 914
DEDavid Edwards
Mortgage Broker
0411 606 090
NSNicole Stapleton
Mortgage Broker
0404 421 695
FDFarhad Dalvand
Net International Trading Pty Ltd
0411 478 623
JSJon Somers Somers
Mortgage Broker
0409 844 920
LJLeanne Johnstone
Mortgage Broker
0422 222 975
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.