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 Darlinghurst
NINathan Ide
Mortgage Broker
PSPhilip Sangster
Relate Property
0408 994 287
AHAaron Hooper
Lerra Road
0411 376 745
DODoug Oldfield
Platypus Finance
0414 905 288
RSRedom Syed
Mortgage Broker
0411 450 748
JRJuliette Rathborne
Own Buy Finance
0410 400 108
ARAdam Rakowski
Mortgage Broker
0407 455 553
JDJulia Dessaix
Mortgage Broker
0410 679 754
TXTian Xia
Mortgage Broker
0468 933 888
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.