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 Epping
JKJames Keillor
Loan Market
0418 270 288
FYFangfei Yin
Mortgage Broker
0416 566 088
LZLynn Zhao
Nectar Mortgages
0421 108 161
NSNeo Shon
Mortgage Broker
0435 618 879
WYWei Yan
Mortgage Broker
0416 186 600
ERerik Reurts
MFS
0416 179 876
ASArun Sarkar
Mortgage Broker
0411 818 037
QLQingqun Luo
Mortgage Broker
0410 348 298
ZXZiyuan Xing
Mortgage Broker
0425 200 615
WZWarren Zhu
Mortgage Broker
0452 618 211
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.