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 Drummoyne
PKPatrick Kazzi
WeLend
0438 070 674
SBSteven Barratt
Mortgage Broker
0408 644 080
NPNancy Papos
Mortgage Broker
0419 227 338
VJVicki James
Mortgage Broker
0419 198 798
PLPaul Lombardo
Mortgage Broker
0411 786 096
JGJohn Gigante
United permanent Home Loans
0412 247 400
EHElizabeth Henderson
Mortgage Broker
0410 464 547
AAAaron Alam
Mortgage Broker
0424 859 569
RZRichard Zeng
Mortgage Broker
0416 616 388
DPDaniel Paci
Mortgage Broker
0401 167 149
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.