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 Rockdale
TITodd Iljasov
Klutch Finance Group Pty Ltd
0403 426 646
ACAustin Chen
Mortgage Broker
0430 006 789
DNDaniel Nguyen
FINANCE HUB AND NETWORKS
0430 111 188
NNNisha Neupane Koirala
Mortgage Broker
0452 216 986
JMJosie Ma
Mortgage Broker
0417 076 746
MHMichael Harms
Mortgage Broker
0414 619 483
AMAnthony Moschoudis
Mortgage Broker
0400 325 210
CHCathy Huang
Mortgage Broker
0422 516 238
LBLee Boueri
Mortgage Broker
0419 585 565
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.