Get the best rate on the market

Get a 2% or 5% loan from TTMF
Monthly Income of family must not exceed $14,000.
Borrower(s) must be a first-time homeowner.

Property Value
Property value must not exceed $1,000,000.
Land owners may still receive financing up to $1,000,000 for construction. Special conditions apply.

Up to 100% financing, for the Purchase Price for house and land or land with immediate construction of a house, will be offered to those who qualify, as a means of reducing the amount of savings required for the down payment on the property.

TTMF 2% Mortgage - Building

Repayment Term
Maximum Repayment Term of 30 years*.
Mortgage may be extended to age 70 under special conditions.

Graduated Payment
A graduated payment mortgage arrangement is included, the main features of which would allow for an increase of 0.5% annually from the inception of the loan to the attainment of the next level of the subsidized mortgage rate of 5%.

Loan amount can be inclusive of $20,000 approved for major appliances.


Standard Documents

  • Evidence of Nationality (2 Forms of ID)
  • National Insurance (NIS) Number
  • Income Tax (BIR) Number
  • Evidence of Income (Job Letter / Pay Slip)*
  • Evidence of Savings & Indebtedness**
  • Most Recent Credit Card Statement(s)
  • Title Deed(s) or Lease and/or Mortgage Deed
  • Valuation Report
  • Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
  • WASA Clearance Certificate
  • Utility Bill


Additional Documents

  • Agreement of Sale
  • Approved Building Plan (from Town and Country Planning Division and Regional Corporation) if applicable
  • Signed Builder’s Estimate in phased scheduled draw downs
  • Quantity Surveyor’s Report
  • Certificate of Good Character (for HDC properties)
  • Completion Certificate from the Regional Corporation where property is less than 4 years old

Two (2) copies of all documents must be provided

*Evidence of Income: Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.

**Evidence of Savings & Indebtedness: Submit Statements from all Financial Institutions with which you deal, including Credit Unions (monthly payments towards loans must be indicated on these statements).


What do I need to pay?

Estimated Application Costs

  • Application: $150.00
  • Title Search: $1,500.00 (initial)
  • Acceptance Fee: $500.00
  • Credit Bureau Report: $75.00 per applicant
  • Site Visit: $500.00 per visit

Closing Costs

  • Legal Fees
  • Statutory Fees (Stamp Duty & Registration Fees)
  • 3 months’ Rates & Taxes
  • 3 months’ Maintenance Fees
  • 1 year’s Lease Rent
  • 1 year’s Property Insurance Premium

Let our experts
help you on your way.
Get Prequalified

Once you’ve decided to take the step toward owning a home, you must first determine your affordable price range.


Get Prequalified

Our Pre-Qualification Process analyses your financial data to calculate your mortgage amount.

Get a Certificate
Your Pre-qualification certificate eliminates doubt on what you can afford.

Focus Your Search
Conduct a more focused search for property now that you know your price range.

Get Started

Frequently Asked Questions

  • Can I borrow money to extend or renovate my house?
  • Can I rent or sell the property?
  • Can I borrow additional money to furnish my new home?
  • How much downpayment do I need?
  • Do I need mortgage life insurance?
Can I borrow money to extend or renovate my house?

Yes, an applicant can borrow to extend/renovate his/her house provided the relevant approved plans from Town and Country Planning have been received by TTMF and once the applicant has been approved to borrow the requested amount based on his/her income and debt.

Can I rent or sell the property?

Under the 2% Mortgage Programme, beneficiaries must obtain written consent from the HDC to sell and/or sublet the property before the expiration of ten (10) years from the date of financing.

Can I borrow additional money to furnish my new home?

Up to $20,000.00 can be included in the total loan amount of persons who qualify for the 2% interest rate. The appliances that can be purchased are refrigerator, stove, washer & dryer. The monies for these appliances will be paid directly to the store from which you are purchasing the appliances upon execution of your Mortgage Deed.

How much downpayment do I need?

100% Financing is a benefit given to persons who can qualify for the 2% interest rate. If you do not qualify for the 2% interest rate you will be required to make at least a 5% deposit towards the purchase of your property.

Do I need mortgage life insurance?

While it is not mandatory for the loan, it is recommended. With Advance Protector®, in the event of your untimely passing, the outstanding balance of your mortgage will be paid.

We’ve got you covered.

Advance Protector

Keep your family covered in the storm of your passing. In the event of your untimely passing you don’t have to leave your family with the additional grief of struggling to make mortgage payments.

Learn More