Bridging and long-term loans are available to construct a home. Construction must adhere to local building codes and follow designs and specifications approved by local regulatory bodies.
Loan Features
- Interest Rates range from 6% - 8%, based on Property Value
- Up to 90% Financing
- Repayment Term of up to 30 years
- Origination Fee of up to 1% of the Loan amount
- Construction period limited to 12 months
- Mortgage Indemnity Insurance is not required
- Life Insurance is not required as additional security
- No Prepayment Penalties
How to Begin
Start by approaching TTMF to be pre-qualified. Pre-Qualification allows us to review your affordability. Your current age, the amount you regularly earn per month and the number of debts you service will all impact your mortgage affordability. The resultant mortgage amount you can service is detailed to you in our Pre-Qualification Certificate.
After you ascertain the amount of financing for which you can qualify, building plans must be approved, estimates submitted and Residential Authorities notified. Learn how to compile the legal documentation required to construct a home in our How-to Guide.
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