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 Seven Hills
DPDaniel Pike
Mortgage Broker
0447 698 193
NJNicole Jeremy
YourLoan Options
0416 422 432
HSHemang Shah
Savaa Finance Pty Ltd
0420 384 446
NBNiranjan Bisural
Mortgage Broker
0449 267 335
ALAndrea Lord
ANSCL Finance Pty Ltd
0488 701 300
KFKelly Fordham
Mortgage Broker
0407 409 023
SKSanjeev Kumar
Orison Finance Services
0401 819 453
MVMihir Vora
Savaa Finance Pty Ltd
0414 134 396
SPSamira Prasai Acharya
Mortgage Broker
0414 881 429
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.