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 Maroubra
PWPeter Wotherspoon
Core Mortgage Brokers
0418 114 515
MLMaria Lopes
Spectrum Tailored Mortgages
0409 992 706
VSVince Santoro
Mortgage Broker
0425 208 026
GMGrant McMah
Mortgage Broker
0415 314 141
GAGary Anthony
Mortgage Broker
0411 423 033
DKDavid Koh
Mortgage Broker
0468 885 626
BLBudi Lin
Multi Solutions Finance Pty Ltd
0421 655 677
BPBrad Parkes
Core Mortgage Brokers
0418 400 805
AZAlexander Zammit
Mortgage Broker
0460 300 100
KCKim Cawthorne
Astute Finance
0408 677 063
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.