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Mortgage
Loans

Liberate your rate with an 8.5% mortgage from Sagicor Bank. Let us work with you every step of the way to buy the home of your dreams.

Mortgage loans are available to:

  • Purchase residential property
  • Build residential property
  • Refinance an existing mortgage
  • Access home equity loans for investments, emergencies, consolidate debts or other major expenses

Minimum requirements- To qualify for a mortgage loan you must:

  • Job letter from employer and last 3 pay slips
  • If self-employed - audited / management accounts for the business for the last 3 years, supported by bank statements for the same period
  • Valid identification – driver’s license, passport or national identification
  • Tax Registration Number (TRN)
  • Proof of Age – birth certificate or passport
  • Proof of address – preferably in the form of a utility bill
  • Most recent utility bills
  • Last three (3) rent receipts if applicable
  • Written confirmation of existing indebtedness
  • Proof of funds to complete the transaction
  • Proof of ownership of existing assets
  • Evidence of deposit or statement from Attorney holding carriage of the sale
  • Copy of signed Sales Agreement
  • Valuation Report for the property to be purchased
  • Surveyor’s ID Report for the property to be purchased
  • Copy Certificate of Title for property to be mortgaged
  • Any other documents deemed necessary by the Bank

Mortgage Type Purpose Rate Value financed (%) Fees (GCT to be added) Term Amount
Owner Occupied Purchase Get 8.5% up to J$20M. Additional amounts- 10.5% 90% Commitment Fee = . 1.25% of loan amount

Processing fee 1%
3 years Fixed at 25 years $500K -$20M
Residential Investment Purchase Get 10.5% up to J$40M. Additional amounts- 11.75% 75% Commitment Fee = . 1.25% of loan amount

Processing fee 1%
15 Years $500K-$40M
Home Equity Any customer purpose e.g. home repair Get 8.5% up to $20M. Additional amounts- 10.75% 80% Commitment Fee = . 1.25% of loan amount

Processing fee 1%
3 years Fixed at 25 years $500K-$40M
Re-Finance (Owner Occupied) Switching of owner occupied residential loan Get 8.5% for up to J$20M. Up to 80% Commitment Fee = . 1.25% of loan amount

Processing fee 1%
3 years Fixed at 25 years $500K-$40M

Come in branch and talk to us about opening your account.

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