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 Mona Vale
MMMarty McDonald
Mortgage Experts
0416 045 254
ARAlex Ralec
Mortgage Broker
0412 949 273
OLOlivia Lane
Aussie home loans
0419 514 822
MSMarica Skoric
Mortgage Broker
0421 726 747
WSWade Stanley
Mortgage Broker
0415 993 444
SCScott Cheetham
Mortgage Broker
0413 737 959
DCDamien Cooper
Financial Decisions Pty Ltd
0414 408 844
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.