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 Warners Bay
RWRichard Windeyer
Mortgage Broker
0413 245 556
NRNeil Robinson
Mortgage Broker
0412 043 195
CDCristina Darken
Mortgage choice
0422 084 135
RSRoss Sergi
Mortgage Advice Bureau Newcastle
LMLino Mignanelli
All Choice Mortgages
0420 372 509
KGKristie Gould
Mortgage Broker
0438 444 393
GCGavin Crabbe
ML Finance Pty Ltd
0410 440 665
SBSteph Bailey
Mortgage Choice Warners Bay
0249 481 955
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.