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 Edensor Park
Ben-Hur Yohana
Precise Mortgage
0408 641 154
AIArmando Iodice
SIPA Financial Pty Ltd
0422 003 253
TMTony Mustafa
Tony Mustafa, Mortgage Choice
0404 433 111
SMSunil Mishra
Mortgage Broker
0414 792 262
Robert Ohanian
PSK LENDING SOLUTIONS PTY LTD
0450 997 550
PLPhilip Le
Mortgage Broker
0416 882 753
ATAnnabelle Triganza Triganza
Brand X Finance P/L T/as Resolve Finance Austral
0452 177 799
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.