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 Camden
JCJamie Cavenagh-Mainwaring
Jaynai (NSW) Pty Limited
0437 571 007
MCMark Campbell
Right Way Mortgage Solutions Pty Ltd
0417 553 465
RWRobert Wilson
Right Way Mortgage Solutions Pty Ltd
0417 261 193
SJSusan Johnson
Mortgage Broker
0409 040 443
RDRod Deutschbein
Mortgage Broker
0433 488 184
JMJulie Monahan
Mortgage Broker
0418 663 211
DJDavid Johnson
Finance 4 Growth
0417 423 458
KCKevin Coakes
Mortgage Broker
0414 606 546
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.