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 Narellan
MPMichael Platt
Team Navigator Pty Ltd
0418 200 601
MOMelanie O’Connell
Mortgage Broker
0435 048 118
GVGabriel Vella
Mortgage Broker
0403 062 920
John Tyrrell
Brokers Mutual Acceptance Pty Ltd
0408 892 060
TCTheresa Casanova
Mortgage Broker
0411 884 576
PMPamela Mangafas
Mortgage Broker
0403 552 264
JHJason Haworth
The Mortgage Tree
0410 477 511
YBYvette Boniadian
Mortgage Broker
0436 275 780
Paul Hope
MWM Sydney Pty Ltd
0414 744 908
FCFranco Casanova
Mortgage Broker
0421 910 490
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.