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 Albion Park
BGBlake Guthrie
Mortgage Broker
0432 848 523
IJIan Jervis
The Paradime Group Pty Ltd
0448 866 526
CGCraig Guthrie
Mortgage Broker
0411 426 271
RVRichard Valenzi
Xponential Finance Pty Ltd
0450 131 872
JJJess Jury
Mortgage Broker
0484 115 015
FMFrank Muscat
FRM Mortgages Pty Ltd
0414 484 759
KMKim McCrudden
Mortgage Broker
0414 560 041
JGJamie Garcia
Mortgage Broker
0416 950 367
HBHayley Bray
Mortgage Broker
0400 256 331
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.