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 Paddington
EDElizabeth Dinh
Mortgage Broker
0433 413 605
OPOscar Pople
Mortgage Broker
0406 051 299
CDCameron Darlison
Mortgage Broker
0420 886 810
HFHarry Favetti
Mortgage Broker
0416 478 120
ADAnthony Deane
Settled Home Loans
0403 672 272
PIPhilip Ingram
Actual Financial Solutions Pty Ltd
0413 367 971
DCDeborah Cooke
Mortgage Broker
0416 267 754
NCNathan Crookes
YourHome Broking Pty Ltd
0415 210 768
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.