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 Umina Beach
CBChristian Broadhurst
Mortgage Broker
0422 134 979
BCBrett Compton
Mortgage Broker
0414 945 873
PHPaul Heffernan
Mortgage Broker
0413 599 593
ELElizabeth Lena
Mortgage Broker
0404 436 648
GBGrace Bowe
Mortgage Broker
0403 738 737
DCDarcy Coleman
Coleman Accounting & Taxation Pty Ltd
0490 538 878
RSRatharamani Satchithanandasarma
Mortgage Broker
0431 816 216
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.