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 North Rocks
KRKierin Ryan
Mortgage Broker
0437 437 337
SRSimon Rayhanabad
Mortgage Broker
0413 871 789
NTNina Truong Truong
Mortgage Broker
0452 439 639
MCMia Castellarin
Mortgage Broker
0481 117 725
RMRanin Mendis Abeysekera
Ello Lending Co
0433 770 607
SSSelvi Sugiharto
Mortgage Broker
0450 963 622
COCraig O’Meara
Mortgage Broker
0404 359 236
WXWilliam Xin
Mortgage Broker
0452 188 773
JBJohn Bolwell
Mortgage Broker
0413 139 611
AMAnton Mantoufeh
The Brokerage Sydney Pty Ltd
0424 424 464
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.