Residential Mortgages
Moving into your dream home is easy with a Residential Mortgage from Citizens Bank. Apply today.
Competitive interest rates computed on a reducing balance
Repayment period to a maximum of twenty-five (25) years
A minimum of 10% of borrowers’ contribution
Collateral/Security for Loan
- A mortgage over the property (house and /or land) being financed by the bank
- Assignment of adequate fire insurance coverage
- Assignment of the borrower(s) life insurance
Do you have a house lot and need assistance to build your forever home? Have you found your dream house and need help making it a reality? A mortgage can help finance home and land purchase, construction, home improvement and more!
Residential Mortgages
Competitive interest rates computed on a reducing balance
Repayment period to a maximum of thirty (30) years
A minimum of 10% of borrowers’ contribution
Collateral/Security for Loan
- A mortgage over the property (house and /or land) being financed by the bank
- Assignment of adequate fire insurance coverage
- Assignment of the borrower(s) life insurance
- Valid National Identification Card or Passport or Driver’s License
- Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
- Employment letter stating current position, date of employment and salary and other cash benefits
- If self employed, statement of income or expenses or affidavit of income
- TIN Certificate
- Copy of transport/title/lease document or letter of intent/agreement of sale & purchase if property is being purchased.
- One passport-size photograph per applicant
- Copies of receipts for leases, rates and taxes etc
- Certificate of Valuation for property or projected valuation
- Estimate of construction or renovation cost
- An approved Building plan from the relevant statutory body
- Receipts for materials/items purchased (for construction commenced)
- Statement from other financial institutions, including Hire Purchase Agreements (if applicable) of loan accounts showing balances and monthly installments payable. Satisfactory credit report
- Character references (two minimum) Sources Of References – Citizens Bank (citizensbankgy.com)
Excel Savings Accounts
Excel Savings Account Basic Features
- Minimum opening balance $200,000.00
- Competitive interest accrues on minimum monthly balance and credited quarterly
- No service charge if minimum balance is over $200,000.
Interested in one of our Residential
Mortgages?
Submit an enquiry online and one of our representatives will arrange a call to discuss your needs.
Application Requirements
Valid National Identification Card or Passport or Driver’s License
Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
Employment letter stating current position, date of employment and salary and other cash benefits
TIN Certificate
If self employed, statement of income or expenses or affidavit of income.
Copy of transport/title/lease document or letter of intent/agreement of sale & purchase if property is being purchased.
Copies of receipts for leases, rates and taxes etc
Certificate of Valuation for property or projected valuation
Estimate of construction or renovation cost
An approved Building plan from the relevant statutory body
Receipts for materials/items purchased (for construction commenced)
Statement from other financial institutions, including Hire Purchase Agreements (if applicable) of loan accounts showing balances and monthly installments payable. Satisfactory credit report
Low Income Mortgages
Interest Rates and Amounts
Special conditions apply for amounts up to $15,000,000.00
Borrower’s Contribution
A minimum of 10% to 20% can be used as Borrower’s Contribution
Repayment Period
To a maximum of thirty (30) years. Conditions apply.
Collateral/Security For Loan
- A mortgage over the property (house and /or land) being financed by the bank
- Assignment of adequate fire insurance coverage
- Assignment of the borrower(s) life insurance
- Valid National Identification Card or Passport or Driver’s License
- Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
- Employment letter stating current position, date of employment, salary and other cash benefits
- If self employed, statement of income or expenses or affidavit of income.
- Letter of Assurance from Central Housing and Planning Authority, copy of transport/title or letter of Intent/Agreement of Sale & Purchase if property is being purchased
- Certificate of Valuation for property being purchased (from Mr. Barrington / Peter / H.B Curtis/ Patterson Assoc.) along with two recent photographs.
- Estimate of construction cost.
- An approved Building plan from the relevant statutory body
- Receipts for materials/items purchased (for construction commenced)
- Statement from other financial institutions, including Hire Purchase Agreements (if applicable) of loan accounts showing balances and monthly installments payable. Satisfactory credit report.
- One passport-size photograph per applicant
- Character references (two minimum)
Sources Of References – Citizens Bank (citizensbankgy.com)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/
