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Voluntary contributors must have made at least 104 weeks (2 years) contributions, of which 52 weeks must be paid in the period immediately before the date of application. For example, if you contributed for five (5) years prior to migrating would, on registering as a voluntary contributor, you must contribute for at least an additional year before being eligible to apply for a loan. This change in requirement came into effect recently. Prior to this, Voluntary contributors were required to have made at least 52 weeks contributions with at least 13 payments made in the 26 week period immediately before the loan application.
Payments are only accepted in Jamaican Dollars (JMD) , therefore you would need to convert same to the JMD equivalent.
(a) You must be a first-time homeowner, and currently making contributions to the Trust. However, for more details of the eligibility requirements you may either visit the Customer Service Department at the nearest Branch Office, or visit the Loans section of the website by clicking on the “ Loans” link in the menu for more information. N.B. If you are not qualified for a NHT loan, you may still be allowed to purchase a property; however, we will not grant you the loan. Financing must therefore be sought from another source. (b) You may use the Fifteen (15) Plus Loan to purchase a property being sold by Private Treaty provided: the previous NHT loan was obtained at least 15 years ago; you are not currently a home-owner; your current non-home -owner status is not as a result of failure to meet NHT’s required mortgage payments. (c) If you are successful in bidding on more than one property, you will be allowed to purchase these properties, subject to proof that you can afford to pay for each one. However, we will grant you a mortgage loan on only one (1) property, if you are eligible for a non-home-owner’s loan or a loan as outlined at item (b) above.
This facility is available to a contributor, whose income cannot afford the full purchase price of a scheme unit. Under this arrangement, the NHT will defer payment of up to 40% of the cost of the unit.
Once you are selected, you will be contacted by the NHT by mail and advised of the required documents you will need to submit, including: NIS and TRN cards If employed to a company: Verification of Gross Income and Contributions letter from past and present employers Proof of Age and Identification.
Any two (2) contributors may co-apply for a loan however three (3) family members with established kinship ties may also co-apply and access a loan to buy or build a house where the unit is at least two (2) bedrooms.
A parent, up to age 70, may assign his/her points to one (1) biological or legally adopted child. The parent’s points would replace the points accumulated by the child to increase the likelihood of the child being selected for an NHT scheme solution. The child must have never received an NHT housing benefit and the parent(s) must have: Never received an NHT Non-homeowners or Homeowners loan Contributed for over ten (10) years, and Not received their total refunds
Decide on the financial partner through which you wish to apply for your NHT benefit.
- Go to NHT Online, either via the website or mobile app to request your eligibility status.
- Send the eligibility information directly from the website or app, to the financial partner (FP) of your choice.
- Proceed to apply for your NHT benefit at the selected partner.
Once you are a registered user of NHT Online, your eligibility status is immediately available to you at any time.
Some financial partners do not require up-front processing fees. Check your selected financial partner in that regard.
If your application is denied by more than two financial partners, the NHT will process your application in keeping with its loan underwriting criteria.
Loans to:
- Buy a house or lot being sold by a person or agency other than the NHT
- Build a house
- Improve or expand a home
