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 Elanora
BGBelinda Gough
Mortgage Broker
0434 405 627
ADAdrian Ditchburn
Mortgage Broker
0414 718 401
JMJo Marrable
Mortgage Broker
0416 367 500
JFJohn Forrester
Brojoh Investments
0418 711 086
NPNatasha Pointer
Mortgage Broker
0432 102 858
MDMichael Dudink
Mortgage Broker
0401 545 480
DKDarren Kidd
Mortgage Broker
0435 023 492
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.