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 Newstead
GAGlen Atkins
Mortgage Broker
0411 601 328
CMCampbell Moylan
Borro
0488 011 304
DMDavid Mills
Kin QLD Pty Ltd
0418 903 717
MNMy Nguyen
Mortgage Choice My Nguyen
0488 821 783
CGCara Giovinazzo
Mortgage Broker
0409 463 850
SCSteve Carmody
S&M Brokering pty ltd
0409 664 604
PBPete Bent
Vincents Lending Solutions Pty Ltd
0430 044 192
SWSam Way
Mortgage Broker
0411 427 876
CRChristian Rasmussen
Mortgage Broker
0466 362 996
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.