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 Newcastle West
SGSean Gillard
Mortgage Broker
0400 234 181
KMKathryn Morris
Mortgage Broker
0477 020 214
BEBen Eick
Nectar Home Loans Hunter
0414 383 212
BLBrenden Lowbridge
Mortgage Broker
0429 059 888
LKLinda Kendall
Mortgage Broker
0408 245 895
CUConnie Urry
Cutcher And Neale Finance
0427 924 997
DMDean Menzies
Cutcher & Neale Finance Pty Ltd
0431 592 237
DMDean Menzies
Mortgage Broker
0431 592 237
SKSimon Kennedy
hunter business finance
0409 224 440
JMJulia Martinelli
Mortgage Broker
0409 744 399
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.