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 Bankstown
NLNelson Liu
Mortgage Broker
0431 906 196
Paul Nguyen
Mortgage Broker
0414 399 122
DVDee Vo
Vodfin Pty Ltd
0400 791 574
TWTony Wang
Global Credit and Finance
0416 498 338
WAWally Ayad
Mortgage Providers Pty Ltd tas Ijarah Finance
VNVan Nguyen
Mortgage Broker
0497 888 088
SCSophie Collard
Mortgage Broker
0409 249 966
PRPablo Rosales Lempert
Iris Finance Pty Ltd
0422 902 464
ANAndy Nguyen
Ady Finance Group Pty Ltd
0413 570 282
EAEva Asi
Mortgage Broker
0436 117 725
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.