Who Can Apply?
To apply for a Home Buyer 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)
- have made at least 52 weekly contributions, with 13 within the last 26 weeks current before applying
NHT Scheme Loan
At NHT, we provide housing solutions that vary in size and style to meet diverse needs, while promoting the development of cohesive and sustainable communities. As a contributor, you may apply for up to $17 million to purchase a ready-for-occupancy unit, or receive an approved amount toward the purchase of a scheme lot when a scheme is advertised for sale.
How To Apply
We advertise scheme units as they become available through various media, including newspapers, digital platforms, and electronic channels. To be considered for a housing unit or scheme lot, please submit your application within the designated application intake period. We accept all applications exclusively online. Applications are accepted online only.
7+ Homebuyer Loan
Contributors who purchased a home using an NHT loan more than seven years ago and are now non-homeowner and no longer own it can may access up to $5 million toward purchasing or constructing a second home. You can borrow as a single applicant or co-apply with one other qualified NHT contributor to access a higher loan limit. If you need (and can afford) to borrow more money you may seek additional funds from another lending institution under our External Financing Mortgage Programme (EFMP).
Loan Conditions:
- the funds may not be used to acquire an NHT Scheme benefit (House or Serviced Lot)
- the applicant must demonstrate that he/she is not the owner of residential property
- the applicant may not have lost the previous property owned due to default on his/her NHT mortgage
- Purchase and install solar energy system, including solar panel.
- Purchase and install hurricane shutters. (Conditions apply)
Open Market Loan
Buy a house or land being sold by a private developer (non-NHT) or vendor (an individual or agency). Find out how much you can access by reviewing the NHT loan limits.
You will need but not limited:
- Sale Agreement (Signed & Dated)
- Deposit Receipt/Vendor’s Statement of Account: Showing the required deposit payment of the cost of the unit/lot made to the vendor’s attorney. The NHT will not make a payment towards deposit/cost where the sale price exceeds the total loan limit to which you are entitled.
- Valuation Report: Prepared by a certified valuator and report should be no older than one (1) year.
- Surveyor’s ID Report: Prepared by a Commissioned Land Surveyor and report should not be older than one (1) year.
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 offer a wide range of special benefits to contributors who meet specific requirements. Eligible contributors can access and utilize these benefits to purchase, build, or improve properties.
Intergenerational Scheme Loan
If you are unable to afford the full purchase price of an NHT scheme unit, you may apply for this facility.
Parent Assist Scheme Loan
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.
Parent Assist Open Market
A parent, up to age 70, who already owns a house not financed by the NHT, may co-apply with one biological or legally adopted child to improve his or her affordability to purchase property on the open market.
