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 Wellington Point
DLDavid Lynch
Mortgage Broker
0447 817 878
IVIan Vonk
Lifestyle Financial Services (Qld) Pty Ltd
0403 128 803
AOAnn-Marie Ordner
Mortgage Broker
0415 350 590
AWAndrew Ward
Mortgage Broker
0418 753 538
FIFatima Ingles
Mortgage Broker
0431 308 882
PSPhil Seed
Mortgage Broker
0466 669 783
CTCrystal Ten Krooden
Mortgage Broker
0404 439 417
WLWenjing Li
Mortgage Broker
0415 551 066
JAJosh Austin
Mortgage Broker
0439 110 911
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.