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 Bateau Bay
NPNigel Pritchard
Your Home Financial Solutions
0488 149 099
GDGlen Dempsey
Mortgage Broker
0412 159 272
GFGenevieve Fordham
Mortgage Broker
0487 004 041
ASAnnie Stronach
Crystal Clear Finance Solutions
0458 383 655
TJTimo Jahn
Mortgage Broker
0459 828 934
JMJacob McCudden
Crystal Clear Finance Solutions
0492 152 484
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.