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 Ashfield
Sanjiv Khalkho
Mortgage Broker
0411 754 867
LSLilly Stojkovic
Mortgage Broker
0422 320 218
DHDean Hammond
Mortgage Broker
0412 279 908
LZLingyan Zhang
Mortgage Broker
0452 531 275
RSRhonda Succar
Mortgage Broker
0411 169 747
TCTaylor Chang
Mortgage Broker
0414 691 517
LGLekha Gurung
Mortgage Broker
0425 848 409
DMDennis Mei
Mortgage Broker
0414 353 856
HZHolly Zhang
Mortgage Broker
0426 886 112
HLHebei Li
Aussie Ashfield & Mosman
0431 808 620
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.