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 Merewether
DBDonna Borg
Sydney Select Finance Pty Ltd
0414 625 366
KMKerrie Morris
Mortgage Broker
0423 345 512
TDTaylor Duffy
Mortgage Broker
0402 371 966
VAVictoria Alfonso
Mortgage Broker
0438 549 968
LKLindsay Karathanassis
Linkara Capital Pty Ltd
0418 684 049
TMTeressa McCallum
Mortgage Broker
0428 433 106
LBLuke Bryan
Mortgage Broker
0455 039 282
KCKimberley Cunningham
Circa Finance
0479 053 140
LHLiam Hardy
Mortgage Broker
0423 525 185
SFSteph Ford
Fordable
0417 470 529
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.