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 Southport
RWRocky Warren
The Sydney Home Loan Centre
0416 085 085
SPSorren Perridge
Mortgage Broker
0424 374 583
SGSebastian Gallo
Mortgage Broker
0499 760 146
JHJacqui Hinchliffe
Mortgage Broker
0409 315 872
MPManish Pandey
Mortgage Broker
0405 850 842
PRPhil Rogers
LoanMarket Edge
0401 022 182
KDKylie Damora
Mortgage Express
0416 004 747
PSPia Singer
Mortgage Broker
0404 612 821
RHRafer Hart
Safe Debt Management Pty Ltd
0424 064 094
LWLeigh Wilkes
Mortgage Broker
0405 123 504
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.