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 Oatley
MKMarko Kozarovski
Mortgage Broker
0488 545 555
LYLunar Yang
Mortgage Broker
0403 049 778
SHShao Hong Cao
Mortgage Broker
0410 139 588
AIAdam Ibrahim Ibrahim
A&M Group Pty Ltd
0414 642 725
SDSamantha Drury
Mortgage Broker
0429 196 183
Jessie Yang
Ambits Finance Pty Ltd
0425 225 045
TMTanaka Marembo
Sanford Finance
0414 604 525
KWKatrina Watson
Sage Loan Services
0417 486 694
IDIvo De Jesus
Sanford Finance
0414 807 778
BLBiaggi Leonadiputra
Mortgage Broker
0452 608 858
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.