Here are additional documents you will need for your application:
- Signed Sale Agreement of at least 90 days duration with a minimum of 60 days left for completion of transaction from the date of submission of the application.
- Deposit receipt (a deposit of not less than 5% of the cost of the unit/lot must be made to the vendor’s attorney). The NHT will not make a payment towards deposit/cost where the sale price is in excess of the total loan limit to which the applicant(s) is/are entitled.
- Valuation Report (should not be more than one (1) year old and must be prepared by a Certified Valuator, and obtained by the purchaser/applicant). (A picture of the property and replacement cost must be included).
- Letter from the National Housing Development Corporation Ltd (formally Caribbean Housing Finance Corporation) giving permission to sell unit if a mortgage currently exists with that institution.
- Letter requesting assistance with half cost or legal fees from applicant(s) and Statement of Account from attorney regarding half costs items (where applicable, approval is subject to assessment by the Manager).
- Letter of Commitment from other financial institution (applicable for applicant(s) who is/are also getting funds from another financial institution).
- Letter from Strata/Housing Cooperative indicating payment of maintenance fees (where applicable).
- Structural Engineer’s Report – from a certified Structural Engineer (where any part of the house is 40 years and over or there are cracks in the walls or evidence of termite infestation).
- Statement of Account from Vendors Attorney