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 Burwood East
WHWei Hua Hew
Freedom Mortgage Group Pty Ltd
0422 050 033
VAVarun Aggarwal
Mortgage Broker
0433 222 318
ANAkbar Nathani
Mortgage Broker
0433 873 786
NWNicholas Wu
Mortgage Broker
0430 382 899
ACAaron Chen
Mortgage Broker
0433 755 933
TGTrevor Giacometti
Loanbrix
0425 898 202
SLSung Lee
Mortgage Broker
0419 586 270
FCFrank CHEN
Mortgage Broker
0431 033 936
NHNicole Huang
ANGEL FIRE PTY LTD ATF SUNRISE TRUST
0468 886 552
SBShelley Beggs
Mortgage Broker
0405 494 670
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.