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 Lidcombe
NSNarmatha Sivapalan
Mortgage Broker
0431 642 444
APAmelia Park
Mortgage Broker
0450 771 433
KTKian Toh
Mortgage Broker
0411 140 677
AKAyden Kim
Quads 9 Pty Ltd
0430 393 560
TKTony Kutlucan
EON Finance Pty Ltd
0428 919 885
VFVasco Fonseca
Five Dock Finance
0410 366 956
MBMaggie Beynon
APAC Finance Pty Ltd
0421 383 688
KKKelly Kim
One Financial Services
0403 106 000
EKEmil Kostadinov
Mortgage Broker
0449 932 661
JCJason Cho
Mortgage Broker
0436 606 834
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.