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 Neutral Bay
MHMisa Huynh
Mortgage Broker
0404 222 987
JJJudith James
Paradigm
0414 709 868
FDFabio De Castro
Mortgage Broker
0432 489 152
RDRalph Delaat
Moranti Pty Ltd ta Mortgage Choice Neutral Bay
0407 273 048
SSSandra Sutherland
Mortgage Broker
0428 223 538
VHVanessa Hamilton
Mortgage Broker
0433 771 744
SLStephen Lemm
Mortgage Broker
0414 242 924
RBRachel Bianculli
SHE OWNS FINANCE
0434 924 937
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.