Available for purchase or construction of a home and purchase of residential lot.
- Interest rate of 8.5% value less than or equal to $20M
- Term – up to 40 years.
- For purchase or construction of residence: financing of up to 90% of lower of market value and price
- For purchase of *new development: financing of up to 95% of lower of market value and price
- For purchase of land where the lower of market value and price is less than or equal to 15M: financing up to 75% . For purchase of land where the lower of market value and price is greater than 15M: financing of up to 662/3%.
|Financing||Financing of up to 662/3% of the lower of the property’s market value and price.||Financing of up to 75% where property’s where the lower of market value and price is ≤ 25M.
Financing of up to 662/3% where property’s where the lower of market value and price is > 25M.
|Loan Repayment Period||15 Years||40 Years|
- 1 year free JAA Gold Membership or a 10% discount on peril insurance for the first year with JNGI
- Up to $200,000 free content insurance from JNGI if contents insured are J$1M and over
- 20% Discount on Motor Insurance from JNGI (per policy).
- 20% Discount on Motor Insurance
- Discounts from JN Discount Merchants
- Agreement for Sale - duly completed & Deposit Receipt
- Photocopy of Certificate of Title
- Valuation Report on property done by JN approved Valuer
- Income Verification Letter(s) from employer(s) and last two pay slips.
- If Self-employed, Statement of Income is required (for Guarantor)
- Proof of Age (Passport, Driver's Licence, Birth Certificate or National ID)
- Commissioned Land Surveyor's Identification Report
- Up-to-date Property Tax Certificate
- Closing costs for the mortgage is to be lodged to savings account - approximately 5-6% of loan amount
- Application Cost (where applicable)
- Written confirmation of existing loan(s)
- N.H.T. Contribution Verification Letter from employer
- Tax Registration Numbers (TRN)
- N.I.S. Card