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 Cessnock
FZFrank Zandona
Mortgage Broker
0406 952 772
TOTye Olsen
Mortgage Broker
0400 247 768
APAshleigh Purcell
Finance Central Pty Ltd
0423 742 406
RIRicky Ikin
PFP Lending
0438 012 121
AOAmanda O’Hara
All Things Mortgages Pty Ltd
0410 323 600
MWMatt Woodards
PFP Lending Pty Ltd
0419 536 779
KBKhan Bungate
Tactical Finance Australia Pty Ltd
0424 209 928
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.