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 Woodcroft
SYSui Yen Ngoei
SYN Finance Solutions
0433 331 109
BDBenny Dubria
Mortgage Broker
0406 955 771
SSSanjay Singh
Mortgage Broker
0432 859 592
MSMoneel Sanehi
A.R.I Mortgage Solutions Pty Ltd
0479 191 813
RARandy Araya-Bishop
Sufficient Funds Home Loans
0409 563 077
JTJonas Tay
Mortgage Broker
0406 901 214
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.