Mortgage Loan
Take Your First Mortgage with us at 5 % interest rate
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Loan Requirements
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Letter of Sale or Purchase Agreement
Title documents/ Deed of Conveyance/ Lease
Updated Land and Building Taxes
Updated WASA Clearance certificate
Insurance (Life – assigned to the Credit Union Home Owners Insurance Policy (to be submitted prior to disbursement)
Search, Valuation & Surveyors Report (enquire about our preferred providers)
Evidence of Income - (Pay slip/Job Letter/Income & Expenditure Statement for business owners/self-employed persons)
Letter of Indebtedness
10% Down payment
B.I.R. Number
2 forms of ID
Certificate of Assessment (for home purchase)
Approved Building Plan
Projected Valuation Report (for home construction)
Builder’s Detailed Estimate
Construction All Risk Coverage Insurance Policy (Bridging Loan)
Certificate of Completion (Bridging Loan)
Quality Surveyor’s Report
All loans are subjected to normal lending criteria.
For further assistance you may contact member services at 625-9455 or 624-6428 Ext. # 193, 194, 195
