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 twenty-five (25) years
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
- 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.
- 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/