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 Narrabeen
RBRodney Bosland
Bosland Financial Services Pty Ltd
0411 330 092
LCLisa Crawford
Focal Point Finance Pty Ltd
0416 206 416
THTina Howes
Mortgage Broker
0456 533 439
BWBen White
Mortgage Broker
0416 294 483
JZJulianne Zammit
Mortgage Broker
0431 922 899
NMNeeta Mathur
Mortgage Broker
0409 843 733
JSJoshua Stuart
Mortgage Broker
0410 340 342
TNTim Nimmo
Insynergy
0499 262 288
GEGeniene Ethell
Ausco Trading Pty Ltd
0431 312 341
RERay Ethell
Ausco Trading Pty Ltd
0419 230 513
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.