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 Wentworth Point
YZYutaka Zhang
Mortgage Broker
0414 885 881
BNBrendan Nguyen
Aussie home loan
0475 194 777
BHBing Han
Mortgage Broker
0451 638 308
CWClaire Wu Wu
Mortgage Broker
0430 890 612
MSMichael Shahi
Financial Globe
0422 077 688
JEJeffrey Eskaff
Mortgage Broker
0412 291 546
XLXinyu Lu
Mortgage Broker
0432 648 663
SWScott Wilkinson
Mortgage Broker
0415 099 774
DJDustin Jusay
Mortgage Pros
0472 778 807
VKVictor Kwong
Mortgage Broker
0451 821 319
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.