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 Strathfield
EYEric Yeo
Mortgage Broker
0407 888 296
MNMarcus Noh
PLAN A Mortgage
0432 168 465
RMRussell Munfaredi
Mortgage Pros
0426 682 666
NENicholas El-Khoury
St Finance Pty Ltd
0415 141 414
RTRonny Tenges
Future Mortgage Solutions Pty Ltd
0402 743 546
THTrudy Ho
Mortgage Broker
0431 372 101
WTWilliam Thai
Mortgage Broker
0432 763 549
SBShirish Bhatia
ICONIC FINANCIAL SERVICES
0425 548 765
DKDave Klaus
Mortgage Broker
0402 620 195
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.