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 Rosebery
KWKen Wilson
Mortgages Galore Pty Ltd
0413 322 733
NMNicholas Mitris
Mortgage Broker
0401 300 338
KWKen Wilson
Centennial Mortgages Pty Ltd
0413 322 733
MEMark Ellis
Fastlink Finance Pty Ltd
0423 244 484
PGPeter Georges
Mortgage Broker
0475 444 777
MAMikal-Jean Awad
MJA Financial Services Pty Ltd
0400 018 511
SHSalvador Huetos
Lydian Private
0402 960 562
WYWilson Yuan
Mortgage Broker
0479 107 213
SFSimon Ftelianos
Mortgage Broker
0477 927 927
VCVictor Casal
Strength Capital
0452 511 379
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.