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 Northmead
SQShu Qun He
Advantage Mortgage Solutions Northmead
0410 654 138
NCNatalie Cowell
Mortgage Broker
0439 400 670
BCBen Chen
Mortgage Broker
0416 922 138
KYKevin Yao
Mortgage Broker
0424 693 889
NBNiaz Bhuiyan
Mortgage Broker
0416 526 920
HJHitendra Jagdale
Mortgage Broker
0415 383 478
AWAden Williams
Adjoy Pty Ltd
0405 293 459
DHDavid Huang
Mortgage Broker
0449 585 888
LFLiam Fulton
Mortgage Broker
0400 000 093
RCRebecca Chensee
Mortgage Broker
0422 999 563
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.