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 Penrith
EDEdwin Dobson
Once Again Pty Limited
0410 609 775
LBLaura Beaini
J & C Finance Group Pty Ltd
0404 078 352
GMGrant Morehead
Mortgage Broker
0433 248 092
MTMatthew Townley-Jones
Educated Finance
0423 661 196
SASteven Allen
Mortgage Broker
0424 174 725
PSPauline Sultana
Pride Mortgage Services Pty Ltd
0404 852 740
PMPaul Morehead
Mortgage Broker
0412 334 898
VPVishal Prajapati
Mortgage Broker
0423 301 991
PHPaul Holland
Mortgage Broker
0410 787 607
AFAnthony Flynn
Mortgage Broker
0411 039 883
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.