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 Cairns
NMNeil MacIsaac
Mortgage Broker
0437 515 999
MMMax McLachlan
Mortgage Broker
0458 299 734
LELauren Eakins
Eakins Finance Pty Ltd
0434 041 169
SSScott Smith
Cairns Finance
0438 779 355
MJMichael Jacoby
NQBB Pty Ltd
0408 805 648
JWJohn Watts
Mortgage Broker
0418 716 033
LTLynleigh Turner
Mortgage Wiz
0408 159 955
RWRoger Ward
Ward Corp Invest Pty Ltd
0413 713 534
GSGus Soper
Mortgage Broker
0400 636 953
DPDave Phillips
Loan Select Cairns
0419 787 766
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.