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 Marrickville
KPKim Phuong Dao
Kylin Lending Services Pty Ltd
EREadie Ramia
Mortgage Broker
0405 356 840
JMJimmy Ma
Mortgage Broker
0422 415 347
YBYvette Bridges
Mortgage Broker
0401 447 808
JOJames OBrien
Mortgage Broker
0415 391 002
SPSally Phung
Mortgage Broker
0423 874 059
BWBill Wang
Mortgage Broker
0497 555 000
MLMireille Lahoud
All Loans Financial Solutions Pty Ltd
0414 739 677
ZPZoran Pusic
GNE Investments Pty Ltd
0411 540 881
BRBen Ross
Mortgage Broker
0413 577 527
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.