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 Newtown
JBJohn Brennan
Mortgage Broker
0414 691 133
DPDaniel Pennington
Mortgage Broker
0406 763 044
MRMatt Rogers
Mortgage Broker
0408 664 334
HAHaris Ahmad
Mortgage Broker
0452 664 964
ALAndrew Lau
LAU Mortgage Solutions PTY. LTD.
0435 203 087
EMEmma McLeod
Mortgage Broker
0413 246 820
SGShruti Gupta
Mortgage Broker
0499 019 907
JWJack Wald
Avant Finance
0427 851 796
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.