Whether you need a loan for purchasing or for building, regardless of whether you are a Non-homeowner or already a Homeowner, here is a general outline of the steps that you should follow:
- Generate an NHT eligibility letter or use our mortgage calculator to determine your affordability.
- Identify the property that you intend to purchase or build on.
- Gather all the documents needed.
- Take all the documents to our Customer Service Department (or Mortgage Information Department).
- No appointment is required for this step
- There is no cost attached to this step
- Prepare all the required prequalification documents outlined in the Loans Checklist. Customers may submit documents via email at loanprocessing@nht.gov.jm, as an alternative to physically visiting our offices to submit documents for loan interviews.
- Contact us to set an appointment for a Pre-qualification Interview
- Attend a Pre-qualification Interview, taking with you all the required prequalification documents.
- There is no cost attached to the step
- All issues that need to be discussed/resolved will be addressed during this interview (E.g. Structural Engineer's Report, Valuator's Letter, etc.)
- You will be contacted within 5 working days with a Loan Interview date following the prequalification interview
- Attend a Loan Interview at our New Loans Department.
- There is no cost attached to the step
- At the end of this interview you should obtain a Letter of Commitment.
- We will then process your loan and contact you once processing is complete.
- If you are accessing a Build on Own Land Loan then you will be contacted by our Project Appraisal and Management Department.
- An interview will be scheduled
- The process will be explained to you
- A contract will be signed and a Project Officer assigned to you