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 Pitt Town
TBTony Bice
Finance Made Easy
0404 856 282
KKKate Kustreba
Mortgage Broker
0416 197 124
LHLinda Hulme
Mortgage Broker
0409 881 239
CMColin McAlister
Goodlife Financial Services Pty Ltd
0410 637 111
AHAngela Hoad
Conforming Finance Pty Ltd
0415 556 886
BEBill Elmer
Moorhen Finance
0466 210 941
JMJames McGuire
Mortgage Broker
0428 544 508
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.