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 Mount Ommaney
SSScott Stevenson
Mortgage choice
0409 789 427
WMWayne Marks
LadyBird HomeLoans
0407 840 083
TBTrevor Bryce
Reach Lending Group
0420 422 320
MEMark Evans
Mortgage Broker
0412 897 975
DHDavid Harris
Mortgage Broker
0411 235 954
MGMichael Gates
Mortgage Broker
0407 488 018
KBKip Bridges
Bridge K Pty Ltd t/a KHB Wealth
TWTony Wregg
Mortgage Broker
0468 493 922
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.