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 Kingscliff
SMStephen MacPhail
Mortgage Broker
0405 557 105
PBPaul Barbagallo
Mortgage Broker
0405 428 632
AMAntony Muir
Mortgage Broker
0755 045 569
JCJoanne Croft
Mortgage Broker
0425 293 453
JSJeff Smith
Breadwinner Investments
0418 826 993
KGKenneth Gatheru
Mortgage Broker
0413 232 469
JRJack Robertson
Mortgage Choice - Tweed Heads
0423 689 685
DHDavid Hayward
Mortgage Broker
0422 804 912
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.