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!
Competitive interest rates computed on a reducing balance
Repayment period to a maximum of thirty (30) years. Conditions apply.
A minimum of 10% to 20% 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
Documents Required
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)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/
