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 Newcastle
MSMark Sherwood
Active Finance Newcastle
0434 284 458
KTKatie Thomas
Mortgage Broker
0428 675 758
MHMatt Hollinworth
Focus Finance Newcastle Pty Ltd
0478 776 511
DFDarby Franklin
Mortgage Broker
0488 564 165
LBLuke Brown
Mortgage Broker
0406 752 722
LMLauren Moore
Infront Finance
0407 247 340
WCWade Crawford
Active Finance Newcastle
0402 641 431
CSCameron Stewart
Mortgage Broker
0408 259 239
IRIan Robinson
Robinson Sewell Partners
0448 697 674
BTBrendan Trummel
Loan Market Direct
0499 154 447
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.