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 Sylvania
JFJoanne Foltman
Frangipani Finance
0408 698 210
GPGregory Perfrement
Mortgage Broker
0419 209 750
ESEdward Sainsbury
Mortgage Broker
0419 860 987
JBJames Brew
Mortgage Broker
0429 368 742
ADAdrian Dibb
Agile Debt Solutions Pty Ltd
0477 312 312
LFLauren Ferry
Leveled Up Finance
0412 936 133
BLBrock Lawton
Mortgage Broker
0404 394 201
LZLilan Zhong
Mortgage Broker
0474 948 741
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.