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 Pymble
JMJames Margan
Simplicity Loans & Advisory
0420 473 614
CEChris Eyers
Fitwell Finance
0478 850 110
WHWei He
WW Home Loan Pty Ltd
0430 523 789
AWAndrew Walker
G Street Finance
0412 003 113
AVArya Vatandoust
Mortgage Broker
0459 823 886
VBVeenu Bharara
MortgagaeWithVeenu
0478 578 886
CLCelia Liu
Mortgage Broker
0430 672 786
Jack Li
CNL SOLUTIONS PTY LTD
0430 858 527
Hongyan Lin
Mortgage Broker
0415 417 799
NXNanci Xiao
Mortgage Broker
0423 707 930
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.