Do you have a house lot and need assistance to build your home?
We have Low Income Mortgages to suit your needs.
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
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
Documents Required
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Valid National Identification Card or Passport or Driver’s License
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Employment letter stating current position, date of employment, salary and other cash benefits
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
If self employed, statement of income or expenses or affidavit of income.
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
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
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Certificate of Valuation for property being purchased (from Mr. Barrington / Peter / H.B Curtis/ Patterson Assoc.) along with two recent photographs.
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Estimate of construction cost.
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
An approved Building plan from the relevant statutory body
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Receipts for materials/items purchased (for construction commenced)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Statement from other financial institutions, including Hire Purchase Agreements (if applicable) of loan accounts showing balances and monthly installments payable. Satisfactory credit report.
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
One passport-size photograph per applicant
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Character references (two minimum)
Sources Of References – Citizens Bank (citizensbankgy.com)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/