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 World Square
GLGrace Lin
One Credit Australia Pty Ltd
0407 818 788
GLGrace Lin
One Credit Group Pty Ltd
0407 818 788
PCPei Chen
Mortgage Broker
0433 971 228
CFCissy Fang
Mortgage Broker
0401 948 669
MHMaggie Hu
LEADERSEN FINANCIAL SERVICES PTY LTD
0413 867 583
RXRaymond Xue XUE
ACA Mortgage Solution
0414 573 938
CCCanna Cao Cao
ACA Mortgage Solution
0417 818 088
TSTada Souvannavong
Mortgage Broker
0433 133 559
JLJag Ludher
Jag Ludher Financial Consultants Pty Ltd
0411 199 322
JWJohn Wang
Mortgage Broker
0404 849 168
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.