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 Picton
DHDavid Hartley
Mortgage Broker
0412 956 272
MLMitchell Lillis
Mortgage Broker
0428 905 841
Rod Loomes
Your Mortgage Options
0402 138 105
DHDavid Harbord
Mortgage Broker
0437 333 449
JCJody Colless-Bird
Mortgage Broker
0417 669 246
SNSue Norman
Mortgage Broker
0412 120 331
LBLee Boserio
Bos Holistic Co Pty Ltd
0450 980 219
MHMartin Huisman
Sydney News Services Pty Ltd
0428 889 906
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.