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 Thirroul
ACAaron Christie-David
Atelier Wealth Mortgage Brokers
0401 339 681
TGTrinity Gant
Mortgage Broker
0447 988 045
NCNate Condie
Mortgage Broker
0497 341 824
SPShane Plumridge
Gateway Financial Consultants
0417 489 429
BCBernadette Christie-David
Atelier Wealth
0416 868 881
DWDamien Walker
Atelier Wealth
0413 579 857
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.