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 Russell Lea
Adem Akin
Sydney Business Club Pty Ltd
0404 660 913
XZXiaohong Zhang
Mortgage Broker
0416 887 650
MVMike Van
Kingston Finance Hub Pty Ltd
0413 472 603
RNRachit Nepal
Mortgage Broker
0475 730 700
BCBill Cao
Mortgage Broker
0422 074 758
NVNathan Varcoe
Mortgage Broker
0431 375 592
VDViktor Desovski
Mortgage Broker
0409 843 014
JFJoseph Famularo
Create Home Loans and Lending Pty Ltd
0435 446 223
KPKunal Patel
S8 Group Pty Ltd
0422 093 600
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.