Who Can Apply?
To apply for a Home Builder Loan you must:
- be between 18 and 70 years old
- never have gotten a previous loan from the NHT(conditions apply)
- be a non-homeowner (conditions apply)
Build On Your Land
Single applicant can borrow up to $11 million to build on land they own that was not purchased with an NHT loan, or land on which you have legal authority to build. See Loan Limits for more details.
To do this, you will need, but are not limited to:
- Proof of Ownership
- Surveyor's ID Report: Prepared by a Commissioned Land Surveyor and report should not be older than one (1) year.
Buy Land & Build
A single applicant who is eligible for an NHT loan can borrow up to $5 million of their NHT loan entitlement to purchase land. You can also apply for the remaining amount to start building your house.
An example:
- Total you’re eligible to borrow = $11M
- What you borrowed from NHT, to buy land = $4M
- Balance available to build = $7M
Team Builder Loan
The Team Builders Loan is a special benefit that allows groups of three to twenty-seven (3-27) NHT contributors to combine their benefits to purchase a large plot of land. The aim is to subdivide the land into three to nine (3-9) lots for construction.
The Team Builders Loan facilitates:
- Infrastructure Development: Installation of water, electricity, and roads.
- Title Acquisition: Assists in acquiring individual titles for each lot.
- Construction
To apply, each Team Builder must:
- Meet Qualification Requirements: Ensure they meet the basic qualifying requirements for an NHT loan.
- Identify Suitable Land: Have identified land for sale that can be subdivided into a minimum of three lots and a maximum of nine lots.
- Visit the NHT Office: Bring the required documents from the checklist and request to speak with a loans officer or customer service representative.
EFMP
External Financing Mortgage Programme increases your housing opportunities with expanded options when applying for your NHT loan through our partners. The interest rates for the NHT loan portion remain unchanged.
Additional Loan Options
Facilities To Assist
We provide a wide range of special benefits available to contributors who meet specific requirements. These loans support purchasing, building, or improving properties.
Home Grant
The Home Grant is a special offer of up to $3.5 million, to NHT contributors now earning between minimum wage and $30,000.99 per week, and who do not yet own a home.
Microfinancing
Contributors who earn $86,000 or less weekly, will be able to access credit of up to $1.95 million to help meet their respective housing needs.
Parent Assist 2
A parent, up to age 70, who already owns a house but has never benefitted from the NHT, may borrow up to $9 million to assist one child to buy or build a house.
HOME Builder
Loans FAQs
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