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 Wyong
JLJo Lloyd
Mortgage Broker
0407 788 930
NWNicole Wickham
Mortgage Broker
0425 341 558
RCRodney Colquhoun
Mortgage Broker
0409 366 713
ICIsaac Chalik
Global Financial Holdings Pty Ltd
0413 870 228
RLRonald Lloyd
Mortgage Broker
0423 385 818
EVErin Vanderslot
Mortgage Broker
0424 717 191
MRMatthew Robins
Somnium Finance
0422 467 609
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.