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 Gisborne
NLNarelle Larkins
On Trend Financial Services
0424 035 223
BBBart Barnes
Mortgage Explorers
0417 314 989
CFChris Franklin
Mortgage Broker
0415 151 873
GGGrace Green
Mortgage Broker
0421 795 660
JBJasmine Brennan
Resolve Financial Solutions Pty Ltd
0449 897 161
BGBianca Gallagher
Mortgage Broker
0409 010 861
MMMary McKenna
Mortgage Broker
0438 360 978
KMKevin Mortimer
Lending Services Victoria
0423 731 297
DTDaniel Tully
Mortgage Broker
0408 142 512
AMAnthony Matthews
Mortgage Broker
0429 963 316
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.