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 Padstow
SGSrijana Gauchan Tulachan
Delight Mortgage and finance services
0423 642 991
JRJake Ruse
Mortgage Broker
0405 157 579
PMPhoebe Meng
Mortgage Broker
0422 038 254
BSBenny Su
Mortgage Broker
0423 615 710
ABAdrian Bourke
Mortgage Broker
0420 406 126
PKPeter Koukoulas
Stealth Financial Services
0403 606 252
DLDiana Lau
Here And Now Loans Pty Ltd
0474 946 177
JJJames Jabbour
Sabea Financial
0447 838 777
DFDavid Francis Francis
Jewel Finance
0418 353 323
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.