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 Mermaid Beach
DHDayna Hill
Mortgage Broker
0404 273 131
ASAndrew Stevenson
Signate Lending Services Pty Ltd
0400 665 699
NDNalin De Silva
Mortgage Adviser Sydney
SSSteven Sing
Mortgage Broker
0417 163 838
SRSteven Roiter
GC Loan Options
0488 628 560
IGIan Griffiths
Mortgage Broker
0410 629 604
MPMaxine Park
Mortgage Broker
0401 372 181
MWMery Winter
MAW Consulting Pty Ltd
0418 556 383
PRPaul Roiter
Giumpar Pty Ltd
0411 687 407
HBHarrison Brown
HB Mortgage Group
0400 812 518
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.