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 Macquarie Park
TMTony Mccaugherty
AJM Services Group Pty Ltd
0456 588 492
PYPenny Yang
Mortgage Broker
0426 826 530
AYAnna Yang
YAN YANG HOLDING PTY LTD
0481 020 360
LHLynn Huang
Home
0413 619 861
SNSam Nott
BESARI Finance
0429 164 591
BKBroderick Knowles
Mortgage Broker
0411 207 048
LMLeonard Moy
Mortgage Broker
LMLisa Maxwell
Mortgage Broker
0402 034 140
WYWallis Yu
Mortgage Broker
0497 080 845
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.