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 Sydney
PGParis Galombik
Mortgage Broker
0414 690 119
Joshua El-bayeh
Mortgage Broker
0435 351 044
NBNeil Brett
CSC Home Loans
0283 507 946
LPLachlan Parker
Mortgage Broker
0487 501 421
FLFane Levy
Mortgage Broker
0404 067 713
VDVince Dore
Bradfield Advisors
0414 377 750
ADAngus Dobb
Anchored Financial Services Pty Ltd
0432 851 108
ABAndrew Bures
POZ Pty Ltd - Trading As Townsend Financial Group
0411 525 509
NANathan Andrews
Mortgage Broker
0417 689 192
JLJonathan Liu
Mortgage Broker
0404 868 710
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.