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 New Lambton
BHBen Henri
Mortgage Broker
0434 474 154
MCMichael Campbell
MR Campbell Family Trust
0412 595 222
ATAndrew Thomas
One Harbour Advisory
0447 361 393
MHMitchel Hetherington
Mortgage Broker
0413 556 346
NMNicol Matheson
Killara Finance
0409 878 787
TGThomas Gallagher
TJG Mortgage Broking PTY LTD
0406 457 932
AGAaron Giles
Aljeh Pty Ltd
0403 274 426
THTeresa Henri
Atmosphere Capital Pty Ltd
0435 964 818
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.