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 Normanhurst
MFMike Feltscheer
Tribel Finance
0401 992 641
JCJeffery Chan
Mortgage Broker
0430 441 334
MFMike Feltscheer
Navstar Financial Solutions
0401 992 641
GMGiovanni Migheli
MG Lending Solutions Pty Ltd
0405 191 967
PBPratyush Bhandoria
Kian Mortgage Solutions Pty Ltd
0478 475 426
SZShonyZhang Zhang
Mortgage Broker
0466 881 381
SWSarah Wen
Mortgage Broker
0433 000 021
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.