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 Erina
MMMhairi MacLeod
Astute Ability Pty Ltd
0414 436 837
DNDonald Nicolussi
Home Loan Financial Pty Ltd
0420 763 784
MDMichael Daniels
Mortgage Broker
0414 255 530
PSPhillip Segaert
Mortgage Broker
0414 657 746
LWLuke Whitbread
Mortgage Choice Erina
0426 007 638
ZPZac Peteh
Mint Equity Pty Ltd
0402 883 450
GPGrant Paull
Mortgage Broker
0402 661 178
NENathan Edwards
Central Coast Home Loans
0414 895 730
PJPhil Jenkins
Mortgage Broker
0423 024 432
GDGavin Drummond
Mortgage Broker
0411 557 133
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.