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 Ryde
KJKristina Joshi
Shore Financial
0450 289 953
PRPeter Renouf
Mortgage Broker
0418 922 023
EYEdric Yiu
GLE Finance and Broking Services Pty Ltd
0431 774 310
SPShane Pestonji
Shape Financial Lending
0414 723 446
KTKatrina Tsiaili
Vikaria Finance Pty Ltd
0411 389 903
DMDianru Meng
Mortgage Broker
0433 567 351
BHBilly Ho
Mortgage Broker
0422 160 601
SLScott Li
Mortgage Broker
0433 884 567
SMSwina Mak
Mortgage Broker
0421 060 889
TWTimothy Wooden
Mortgage Broker
0425 334 865
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.