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 Leichhardt
DNDomenic Notarnicola
Mortgage Broker
0410 608 709
SQSarah Quinn
Mortgage Broker
0419 847 429
PDPaul da Silva
Align Mortgage & Finance
0402 831 794
FVFred van Spanje
Mortgage Broker
0408 911 940
SPSam Panucci
Personal Finance Services Pty Ltd
0411 855 045
JBJosh Beniston
Beniston Finance Pty Ltd
0415 318 674
ADAnthony Del Baglivo
Mortgage Broker
0402 815 126
FVFred Van Urk
Van Urk Enterprises Pty Ltd
0403 705 160
IFIsabella Fusco
Mortgage Broker
0403 099 921
JSJustin Sweeting
BKSS Advisory Pty Ltd
0433 959 771
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.