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 Surry Hills
GFGeorge Fennel
Mortgage Broker
0452 501 252
BDBrendan Dixon
Finance for Good Pty Ltd t/as Pure Finance
0405 275 057
DSDylan Salotti
Mortgage Broker
0430 227 328
ENEric Ng
Mortgage Broker
0468 387 878
MDMatt Davy
Lumiere Financial Pty Ltd
0432 465 202
TNTram Nguyen
OneSite Finance
0426 020 401
MRMarinko Radomir
Finance Broker
0407 783 047
NJNick Jacobs
MortgagWorks
0439 662 889
ASAlex Soncini
Wealthwiz Pty Ltd
0419 600 177
NHNatika Hookings
Mortgage Broker
0417 404 055
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.