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 Orange
SKSally Kay
Central West Mortgage Brokers Pty Ltd
0401 669 702
JBJames Bale
Mortgage Broker
0407 618 523
JKJohn Kinross
Engage Mortgage Solutions
0405 534 344
JWJohn Waterman
Mortgage Broker
0437 792 700
KWKenny Wisse
Rich And Rumble Group
0412 207 770
AGAmanda Gleeson
MoneyQuest Orange
JSJesse Swain
Mortgage Broker
0409 666 369
JPJason Puxty
Mortgage Broker
0427 578 989
GAGlenn Atkinson
Black Pen Lending
0413 185 300
CHChristine Hedley
Mortgage choice
0485 878 955
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.