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 Rose Bay
JRJack Robertson
Fisher Robertson
0414 135 564
MSMark Sinfield
Mortgage Broker
0408 649 501
KRKymberly Rowles
Mortgage Broker
CFCliff Ferrer
Mortgage Broker
0403 102 302
GCGretchen Clarke
Mortgage Broker
0419 289 967
SGSandra Goldring
Mortgage Broker
0411 257 276
PGPaul Goldring
Mortgage Broker
0425 370 007
JFJeremy Fisher
1st Street Financial
0411 339 998
THThomas Hawley
Mortgage Broker
0412 876 673
SWSam Wetzler
Mortgage Broker
0435 888 138
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.