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 Lindfield
MOMike Owen
Mortgage Broker
0401 996 550
RRRay Roumanus
Salisbury Partners (Australia) Pty Limited
0411 883 395
KYKevin Yang
KY Finance Pty Ltd
0411 452 018
MNMark Novosel
Motecho Pty Ltd
0422 144 080
HZHeather Zhang
Mortgage Broker
0411 062 338
DHDa Hui Wu
Mortgage Broker
0425 246 881
JMJohn Mouradian
Lighthouse Finance Group
0412 466 988
LPLei Pei
Mortgage Broker
0423 836 848
MLMay Ling Loke
Mortgage Broker
0402 789 637
DXDongning Xu
Mortgage Broker
0414 816 809
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.