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 Taren Point
BSBrett Stokes
Financial Ascension
0401 016 132
RSRobert Spiteri
Corplease Pty Ltd
0409 446 806
JBJeff Bartlett
Financial Ascension
0419 492 350
CTChris Tsimiklis
CST Financial Consultants Pty Limited
0414 526 142
AFAmanda Fraser
Mortgage Broker
0418 657 307
SSSimone Spiteri
Mortgage Broker
0411 229 881
DSDaniel Spiteri
Mortgage Broker
0421 980 705
SAScott Andrews
Maher Group Finance Pty Ltd
0429 436 789
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.