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 West Hoxton
DNDanny Nahlous
Lendi
0403 111 173
SSSimon Sami
Mortgage Broker
0478 158 110
ETElizabeth Tacon
Mortgage Broker
0418 602 804
JAJones Agyei
El Roi Consortium Pty Ltd
0416 334 806
FRFlavio Ragusa
Bricks and Mortgage Pty Ltd
0416 307 539
JTJosephine Tan
Mortgage Broker
0414 969 041
SNSue Nguyen
Mortgage Broker
0449 257 966
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.