If you are looking to build your new home rather than buy an existing property, you need a different type of home loan known as a construction loan. A construction loan can also suit you if you are making major renovations to your existing home or to a property you have bought but which needs a bit, or a lot, of work before you call it home.


Draw down funds in stages as your new home is being built


  • Features designed specifically to fund the building of your new home
  • Loan funds are advanced progressively as your builder completes pre-agreed construction stages
  • You could save money, since interest is payable only on the amount advanced under the loan
  • We’ll help you establish a schedule of progress payments and assist you in identifying your building expenses so payments are made to the builder after each stage of the building has been inspected and verified.

Obtaining Development Funding has become increasingly difficult since the Global Financial Crisis (GFC).


Mint Financial Solutions has various options for Development Funding to suit most scenarios. Whether you have 100% pre sales, or no pre-sales, we understand the importance of tailoring each funding structure on a project by project basis. Banks have ‘tightened the screws’ on development funding although they are still the cheapest option in terms of rate and fees. An outline of the general requirements for this type of funding is:


  • LVR of 65% of GRV (exc GST) OR 80% of cost (the lesser of)
  • Generally require 100% debt coverage in Pre Sales.
  • Full Financials of the Developer
  • Developer needs extensive experience in the industry


Finance Brokers

The Finance Brokers Association of Australia (FBAA) is a national association representing finance and mortgage loan writers throughout Australia.

AMP Financial Planner

AMP Accredited Financial Planners have been helping Australians by delivering the right balance of security and performance for over 160 years.

Tax Practitioners Board

The Tax Practitioners Board provides an overview of our continuing professional education requirements for tax agents, BAS agents and tax (financial) advisers

Australian Finance Group

AFG is now one of the largest providers of mortgage broking services in the country, offering more than 1,400 financial products from Australia’s leading lenders.

© 2021 MINT FINANCIAL SOLUTIONS PTY LTD is a Corporate Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706.

For further details including the financial services we can offer you and how we are remunerated, please read the Financial Services & Credit Guide (PDF 320 KB). Any advice contained in this document is of a general nature only and does not constitute personal financial product advice. In preparing the advice no account was taken of the objectives, financial situation or needs of any particular person. Therefore, before making any decision, readers should consider the appropriateness of the advice with regard to their particular objectives, financial situation and needs. Please read our Privacy Policy and Terms and conditions