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 North Parramatta
DMDennis Mrljak
Mortgage Broker
0411 696 619
SASteve Alam
The Edge Home Loans Pty Ltd
0416 210 371
MTMaz Taheri Araghi
Mortgage Broker
0401 105 111
NSNatalie Sayegh
Mortgage Broker
0411 888 805
JSJaison Singh
Mortgage Broker
0409 888 855
KKKamran Khalid
Mortgage Broker
MSMichael Spasic
Mortgage choice
0430 348 225
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.