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 Coogee
HHHymel Hunt
Mortgage Broker
0478 179 379
WDWayne Dive
Mortgage Broker
0400 109 108
KBKarina Bridges
Blueprint Financial Services
0439 536 674
LHLuke Heavey
Mortgage Broker
0477 264 089
BLBrett Lucas
Mortgage Broker
0421 336 584
SCSamantha Cranny
Mortgage Broker
0403 755 020
CTCraig Thorn
Mortgage Broker
0414 957 832
CJChristiaan Jarvis
Aquarius Capital Pty Ltd
0411 617 772
SDSaurabh Dwivedi
Ravi Services Pty Ltd
0430 036 669
SHShane Howley
Finance Craft
0403 156 991
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.