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With the NHT's change in policy, points are only considered when one applies for a scheme loan. You get 20 points for every 52 weeks of contributions made. Additionally, when you have applied for a scheme loan, you will be get between 110 and 70 points depending on the income bracket in which you fall.
Yes, the NHT assists with the deposit in two ways. 1. If you have paid the 5% minimum deposit, and the vendor requires a larger deposit amount, the NHT will assist if the house/lot being purchased is less than the loan that you are eligible for. 2. The NHT will allow you to use contributions not yet due for refund to offset your deposit under the Contribution Refund Towards Deposit (CRTD) facility. Up to 6 years contributions can be used.
If the company is still in existence, verification of contributions can be had from the employer. If the company is no longer in existence and the contributions have not been remitted, those contributions would not contribute towards determining your points.
Starting July 1, 2025, eligible "private sector" mortgagors can apply for their 2017 contributions refund. These refunds were previously reversed from their loan accounts, effective January 1, 2025, and posted to their savings accounts for possible refund in hand.
No, payments must be made at the NHT cashier or to the external attorney who is handling the case on NHT's behalf.
(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.
The NHT may offer a successful applicant, with or without a co-applicant, a short-term Lease, not exceeding three (3) years. The Lessee has the option to purchase the Unit at its original selling price, at anytime during the Lease period. If you would like to know how the NHT can help you in owning one of these units, then contact us
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.
Only the points of the primary applicant will be used for selection. So, ensure that the person with the highest points is the primary applicant.
The Priority Index Entitlement (PIE) System is the selection system used by the NHT to award scheme loans to eligible contributors. Under PIE selection the criteria are: Parish of residence or Parish of employment— Applicants must live and/or work in the parish where the development is located. Number of points—Points are derived from weekly contributions and current income.
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
