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 Woolooware
IBIsaac Benson
Mortgage Broker
0418 974 999
PHPaul Hawkins
Mortgage Broker
0430 620 747
CBCraig Betalli
Mortgage Broker
0413 510 003
DCDylan Convoy
LCI Lending
0477 776 798
SYShane Yasserie
Mortgage Broker
0413 253 240
ETEthan Tudjman
Mortgage Broker
0466 802 619
DBDan Bruce
Equals Three Loans
0418 402 591
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.