(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 Ten Plus (10+) Loan to purchase a property being sold by Private Treaty provided:
- the previous NHT loan was obtained at least 10 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.