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 Maitland
JHJanine Harris
Mortgage Broker
0412 348 581
DMDarren Monroe
Aussie Maitland & East Maitland
0417 282 394
SMSarah Mitchell
Mortgage Broker
0412 382 794
MGMichael Gavan
Innovative Home & Business Finance
0429 217 241
LMLuke Monroe
Mortgage Broker
0425 024 934
THTodd Holden
Teeak Group Pty Ltd
0419 223 071
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.