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876-929-5142Mail For Support
info@fhccu.comOffice Address
8-10 Eureka Road, Kingston 5
Mortgage Loans/ Home Equity Loan
Looking to build or buy your own home? FHC Credit Union gives you a number of flexible options through our Mortgage Home Solutions, JCCUL and Shelter loans. These loans offer terms between 20 and 30 years to repay at affordable interest rates.
Mortgage Home Solution Shelter
Features
Maximum Loan Limit based on affordability
Permanent Share requirement of $10,000.00
Term up to 30 years to repay
90% Financing
Compulsory Share Saving of 10% of monthly payment.
Affordability driven by DSR
Jamaica Co-operative Credit Union League (JCCUL)
Features
Maximum of
$10,000,000.00 – Home Acquisition/ construction
$5,000,000.00 – Home Improvement
Ordinary Share requirement of 5% of loan amount
Permanent Share requirement of
$5,000.00 for loans under $500,000.00
$10,000.00 for loans over $500,000.00
Term of repayment
25 years– Home Acquisition/ construction
15 years – Home Improvement
Affordability driven by DSR
*Conditions apply
NHT’s Housing Micro Finance Loan Programme
The National Housing Trust (NHT) expanded its reach to contributors with gross earnings of $42,000 weekly through this programme. The programme’s thrust is to improve low-income earners’ access to financial inclusive products. This will address the challenge of providing greater funding to facilitate incremental building to low income earners and will empower applicants with the provision of cost effective housing finance.
Features
Maximum Loan granted is $850,000 ( at any one instance) subject to affordability
Total loan that can be accessed by each borrower over the life of the programme is $1.5m
Loan Term is 5 years
Loan Purposes
Land Purchase
Titling
Infrastructure (upgrade or new)
Utilities Installation
Construction Preliminaries
Completion of different stages
New Construction
Down Payments
Solar Products
