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 Paddington
ABAdam Byrne
Mortgage Broker
0411 744 500
ABAdam Bourke
Mortgage Broker
0403 045 396
GMGeoff Murray
Invest Blue
0422 316 137
VLVictor Larder
Direct Wealth Finance Pty Ltd
0407 146 838
CLCallum Lamont
Lamont Finance Pty Ltd
0428 902 134
VCVanessa Cage
The Finance People Australia
0414 443 187
PGPaul Grant
Fiduciary Property Group Pty Ltd
0438 278 278
MJMatthew Jackson
Mortgage Broker
0424 176 432
NMNathan Moore
Mortgage Broker
0419 819 530
JMJed Meddings
Mortgage Broker
0407 754 812
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.