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 Turramurra
NBNick Bateup
Mortgage Broker
0419 973 368
DGDavid Grauaug
Mortgage Broker
0412 261 588
CZCharles Zhou
Mortgage Broker
0434 380 600
ZZze zhang
Mortgage Broker
0488 880 518
WBWilliam Banham
Mortgage Broker
0402 148 253
RCRujin Cai
Mortgage Broker
0425 215 503
MMMark Monahan
Eastern Financial Solutions
0405 141 129
FMFiona McManus
Mortgage Broker
0418 681 242
AHAngela Hanly
Mortgage Broker
0481 979 189
PDPengcheng Dong
Mortgage Broker
0411 699 186
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.