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 Schofields
HDHarshal Dalal
Mortgage Pillars Pty Ltd
0435 354 500
SGSunita Gupta
Croissance Financial Services Pty Ltd
0424 445 336
ANAtul Narang
Mortgage Broker
0401 659 654
RSRavi Shah
Ocean Finserv Pty Ltd
0425 499 100
JLJayden Linco
Mortgage Broker
0401 652 252
ANAdrian Naicker
Mortgage choice
0415 502 567
RPRakeshkumar Patel
Mortgage Broker
0430 113 167
UBUtsav Bist
Mortgage Broker
0422 935 935
HSHarnath Sithamraju
Mortgage Broker
0430 645 771
MGManbir Gill
Mortgage Broker
0422 425 099
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.