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 Parramatta
HSHelen Shi
Sydney Advance Finance Pty Ltd
0405 505 996
JCJennifer Chao
Mortgage Broker
0404 959 796
GIGenan Issa
Mortgage Broker
0405 227 553
Amit Singh
Mortgage Empire Pty Ltd
0419 509 809
CWClare Wu
Mortgage Broker
0411 410 807
JWJordan Wells
Mortgage Broker
0434 339 500
KMKyle Manson
Mortgage Broker
0412 983 446
FCFrancis Choo
Zenrg Finance
0425 223 877
GNGraeme Northcott
Mortgage Broker
0418 454 652
LCLuke Camilleri
Mortgage Broker
0437 224 687
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.