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 Bathurst
GSGreg Sly
Robert Simpson agency No 2 Pty Ltd
0458 276 537
DCDeborah Crumpton
Sunrise Park Finance Pty Ltd
0491 738 251
BLBarry Lindsay
Mitchell Co-operative Housing Society
0263 314 515
DIDavid Irwin
Mortgage Broker
0490 890 582
ASAlexander Sparks
Mortgage Broker
0422 597 927
SWSally Willis
Mortgage Broker
0427 335 868
IBIan Behan
Norebo Finance Pty Ltd
0434 430 747
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.