(868) 623-TTMF or 625-TTMF (8863)
info@ttmf-mortgages.com

Loan Features

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Mortgage financing is available for the purchase of residences including single family homes, townhouses, condominiums, apartments, house construction & investment properties.

  • Interest Rates from 2% – 7%
  • Up to 90% Financing
  • Repayment Term of up to 30 years
  • Origination Fee of up to 1% of the Loan Amount

  • Second Mortgages Available
  • Mortgage Indemnity Insurance is not required
  • Life Insurance is not required as additional security
  • No Prepayment Penalties



You then to locate a suitable property. After you have identified a property, begin your mortgage application by submitting all the required documents and fees necessary. Learn how to compile the legal documentation required to finance a home in our How-to Guide.

Required Documents

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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

Other Required Documents

  • Agreement of Sale
  • Certificate of Good Character (for HDC properties)
  • Certificate of Assessment from the District Revenue Office
  • Completion Certificate from the Regional Corporation where property is less than 4 years old



Additional Documents: For a Home Needing Repairs

  • Approved Building Plans (from Town & Country Planning Division & Regional Corporation)
  • Signed Builder’s Estimate in phased scheduled draw-downs
  • Quantity Surveyor’s report where the cost of the renovation/repair exceeds $450,000
  • Completion Certificate from the Regional Corporation on completion of required works

Additional Documents: For a Townhouse or Condominium-type Home

  • Share Certificate
  • Registered Management Company Bye-Laws
  • Management Company’s Statement on Insurance Coverage and Maintenance Charges with evidence of up-to-date payments
  • Annual Returns for Management Company



Two (2) copies of all documents must be provided

Evidence of Income:  Submit an Original Job Letter & Pay Slip. If overtime is inconsistent, submit 2 TD4 slips for the past 2 years. If self employed, submit Audited Financial Statements for the last 2 years or Bank Statements for the last three (3) years, stating the average monthly balance.

 

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).

Fees & Costs

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Estimated Application Costs

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

Initial Payment Requirements

  • Attorney’s Fees (Deed Preparation)
  • 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



Get Pre-qualified »

Get started on Financing

Start by approaching TTMF to be pre-qualified. Pre-Qualification allows us to review your affordability. The resultant mortgage amount you can service will be detailed to you in our Pre-Qualification Certificate.