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Residential Mortgages

Moving into your dream home is easy with a Residential Mortgage from Citizens Bank. Apply today.

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

  1. A mortgage over the property (house and /or land) being financed by the bank
  2. Assignment of adequate fire insurance coverage
  3. Assignment of the borrower(s) life insurance

Documents Required

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Valid National Identification Card or Passport or Driver’s License

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Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License

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Employment letter stating current position, date of employment and salary and other cash benefits

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If self employed, statement of income or expenses or affidavit of income

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TIN Certificate

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Copy of transport/title/lease document or letter of intent/agreement of sale & purchase if property is being purchased.

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One passport-size photograph per applicant

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Copies of receipts for leases, rates and taxes etc

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Certificate of Valuation for property or projected valuation

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Estimate of construction or renovation cost

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An approved Building plan from the relevant statutory body

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Receipts for materials/items purchased (for construction commenced)

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Statement from other financial institutions, including Hire Purchase Agreements (if applicable) of loan accounts showing balances and monthly installments payable. Satisfactory credit report

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