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 Wollongong
CTChloe Tobin
Mortgage Broker
0242 295 459
EREmerald Rowlands-Sierra
Mortgage Broker
0487 488 373
JDJulie Day
Mortgage Broker
0437 990 146
BHBrian Hastings
BHFM Finance Brokers
0419 251 404
CSChris Smith
Webb Financial
0499 906 637
JMJanelle Myhill
Mortgage Broker
0409 250 333
MMMatt MORGAN
Stirling Oak Pty Limited
0410 442 513
RCRobert Calmasini
Daley Finance Brokers
0418 630 841
GHGabby Heydler
Mortgage Broker
0432 806 007
ZAZoran Avramoski
Homelink Financial Services Pty Ltd
0412 879 876
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.