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 Barangaroo
TMToni Mladenova
Yard Home Loans
0466 968 664
RYRosario Yao
Boostradar Pty Ltd
ANAnthony Ng Ng
Akme Capital Group Pty Ltd
0405 701 927
JPJohn Pierre Saliba
Mortgage Broker
0411 850 584
JDJoseph Daoud
ITSSIMPLE pty ltd.
0488 777 708
NGNathan Gooley
Yard
0485 865 519
JLJo Lindsay
Her Way Wealth
0413 556 595
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.