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 Ryde
Jun Seh Ko
Miracle Finance
0408 815 816
MCMay Chan
Mortgage Broker
0410 683 098
MWMichael Weng
Lending Plus Finance
0432 260 732
JAJeff Austin
Mortgage Broker
0411 245 624
VWVivian Wu
Mortgage Broker
0449 880 885
JYJin Young Yoon
Mortgage Broker
0452 188 042
NANeville Ayrout
First Point Finance Pty Ltd
0410 303 313
PHPeter Ha
Mortgage Broker
0428 836 363
CWCatherine Wu
Maifang Pty Ltd
0411 806 166
BLBo Li
Mortgage Broker
0425 760 311
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.