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 Mascot
NPNicholas Pagalis
Mortgage Broker
0425 333 227
PAPhillip Agripanidis
Just Lending Pty Ltd
0416 121 351
XLXinyong Liu
Mortgage Broker
0422 158 124
KEKaylee Elder
Mortgage Broker
0414 326 204
ASArman Soetanto
Lending Clinic Pty Ltd
0431 825 128
YOYuwono Oey
Mortgage Broker
0416 880 585
CSCurtis Stewart
Mortgage Broker
0406 684 726
AMAngie McKone
Veritas Financial
0479 102 535
DMDerek Ma
Mortgage Broker
0468 316 888
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.