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 Newport
MGMark Guglielmino
Capra Financial Group
0410 926 332
SMSindis Mimini
Mortgage Broker
HZHeidi Zahra
Mortgage Broker
0418 456 266
ICIan Cunningham
Mortgage Broker
0432 001 888
TMTresna McNally
Mortgage Broker
0421 415 197
KWKylie Wetherall
Minerva Mortgage Broker
0408 658 683
RMRussell Makinson
Mortgage Broker
0414 974 142
JTJames Thompson
Legacy Lane Finance
MCMark Cranwell
Mortgage Broker
0477 157 955
RMRussell Makinson
Mortgage Broker
0418 943 800
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.