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 Randwick
TATzuri Avila
Mortgage Choice Randwick
0402 626 243
DCDavid Castelletti
Baia Pty Ltd
0405 136 764
CBChris Booth
Lydian Financial Services
0429 627 730
JGJessica Gomas
Mortgage Broker
0411 172 281
JFJordan Fryer
Thrive Lending Group
JRJonathan Roel
Roel Capital Pty Ltd
0424 949 202
DADavid August
August Capital Group
0409 226 650
AMAnthony Mitry
Amber Wealth Management
0416 112 361
CMCraig McDonald
CBM Mortgages Pty Ltd
0421 573 131
BLBenjamin Lowe
Zeal Finance
0430 199 021
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.