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 Taylors Hill
RBRodney Boulos
Mortgage Broker
0411 166 886
LCLani Cleland
Mortgage Broker
0421 389 967
MBMichael Barkho
Mortgage Broker
0408 552 723
HMHasi Mutluel
Mortgage Broker
0410 553 752
LVLuu Van
Advantage Mortgage Solutions Pty Ltd
0402 340 439
TCTarun Chhimwal
Mortgage Broker
0400 036 596
RCRobert Causovski
Mortgage Broker
0415 920 585
DSDean Sacco
Mortgage Broker
0425 722 621
RTRavi Thind
Mortgage Broker
SDShehan Dekker Dekker
Mortgage Broker
0405 344 072
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.