Jamaica - Apply for Loan from National Housing Trust (NHT)

Advertisement

Procedure

Apply In-Person

1. To apply for a National Housing Trust (NHT) load for loan for purchasing or for building, you should visit the NHT office in your region. You can view the NHT contact details via this link: Link
2. First you should call or visit the NHT to determine the amount you can borrow
3. With the clear amount you can borrow, identify the property you wish to buy or build on based on your affordability
4. The prepare all the required documents required for obtaining an eligibility letter form the NHT. You will require to provide the following: National Insurance Card (NIC), TRN Card, Pay slips for the last 3 months, Valid identification (passport, national voters ID or driver’s licence).
5. Then visit the NHT office and submit your documents to the Customer Service Department or Mortgage Information Department for verification
6. The Department will verify your documents and issue you an eligibility letter and a check list you can use to prepare the required prequalification documents. You can also view the check list via this link: Link
7. Obtain and prepare all the required documents, and then contact the NHT to schedule an appointment for interview
8. On the scheduled date, attend the interview and present all the prequalification documents. Note that in this prequalification interview, all issues that need to be discussed or resolved will be addressed during this prequalification interview
9. Upon a successful prequalification interview, you will be contact with the NHT team within five working days for scheduling of a loan interview
10. Attend the interview at NHT loan department and you will be issued a letter of commitment at the end of the interview
11. Then the NHT will process your loan and contact with the loan details once the processing is complete
12. If you are applying for a Build on Own Land Loan then you will be contacted by the NHT Project Appraisal and Management Department and to schedule another interview, where the process will be explained to you and the contract will be signed and a Project Officer assigned to you

Advertisement

Required Documents

• NIS card
• TRN card
• If employed to a company provide a Verification of Gross Income and Contributions letter from past and present employers and or Last two pay slips from present employer
• If self-employed: Visit or contact the Compliance Department to ensure your contributions are current.
• Proof of Age
• One current passport-sized photograph (if applying for an Open Market Loan) or Two (2) current passport-sized photographs (if applying for Construction Loan).
• Certified Marriage Certificate (where applicable). Submit relevant documents in the case of divorce
• Copy of Registered Title
• Certificate of Payment of Taxes for property
• Water Bill for the property being purchased
• Certificate of payment of peril insurance from Strata or Housing Cooperation (where applicable)
• Surveyor’s ID Report

Please refer to the provided checklist

Office Locations & Contacts

National Housing Trust
Corporate Office:
4 Park Boulevard, Kingston 5
Jamaica W.I.
Tel: (876)929-6500
(876)960-4013-23
(876)929-6627-34

Toll Free numbers:
(for local callers only)
(1-888)-CALL NHT
(1-888)225-5648
(1-888)991-21857
(1-888)991-4249
Email: [email protected]
website: Link
Contact information and NHT branches: Link

Eligibility

• You have to be an NHT member

Fees

• Free

Validity

• Loan is valid for the state period

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Please explain processing time taken in obtaining the document/certificate.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

TERMS & CONDITIONS

• Contributors who benefit under the Home Grant Programme, and who choose to dispose of the unit within 10 years must repay the full loan balance, as well as the subsidy amount and the interest amortized at the prevailing 90-day Treasury Bill rate.
• Mortgagors will not be permitted to rent units financed under the Home Grant Programme without the written consent of the NHT. Upon discovery of this contravention, the Grant amount will be added to the outstanding principal of the loan for full servicing.
• Contributors who benefit under the Home Grant Programme, may only access an additional loan from the Trust for the purpose of home improvement. This loan may be issued at any time after the purchase of the unit, subject to affordability.
• Applicants must process their loans directly through the NHT.

Required Information

• Applicants details
• Provisional loan and home ownership information
• Purpose of the home grant
• Employment history
• Monthly income and expenditure
• Declaration

Need for the Document

Please provide the need for the procedure. e.g. Birth Certificate - why do we need to have a birth certificate?

Information which might help

Enter other informations which might help.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• NHT: Link

Others

More information which might help people.