Are you ready to take that important step to owning your own home? Whether it is to purchase a house and land package or to construct your own house, come in to talk to us. Let your friendly credit union help you attain this dream with a hassle free and affordable loan.
Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.
Requirements
Security : At Least 5% in Ordinary shares and Mortgage/Hypothecation
Maximum Term: 25 years
- Required ordinary share deposit (At least 5% of loan amount)
- Job Letter stating your salary and job status (permanent, temporary, contract, etc)
- Recent salary slips showing all deductions
- For self-employed persons, evidence of income such as Income Statements, Bank statements for past 6 months
- Funds for legal fees (amount can be included in loan request)
- Life insurance/Term Life Insurance assigned to the Credit Union
- Comprehensive property insurance assigned to Credit Union
For House and Land Package:
- Vendor’s letter stating price and willingness to sell to you.
- Copy of vendor’s Deed of Sale
- Copy of Land Register (no more than 2 months old)
- A recent (no more than 6 months) valuation of the property done by an approved Valuer
- Evidence of status of both vendor and purchaser at Income Tax Department
- Evidence of status of both vendor and purchaser at NIC
For House Construction:
- DCA approved plans
- Bill of Quantities/Comprehensive costing broken down into phases signed by recognised contractor.
Calculate Your Loan
