Mortgage – Land/Property Purchase

We understand how important it is to have your own home and we are here to assist every step of the way. It may all seem a bit overwhelming but our competent team makes the process seamless starting with our affordable interest rates.

Mortgage loans will be made to members for open market purchase, build on own land, and land purchases.  Applicants must have a minimum of 5 – 10% of the loan amount on their share account.  Loans will be granted up to a maximum of $10,000,000.00 or 90% of the value of the property or 80% of the value of the land, whichever is less.

The maximum repayment period will be 25 years. A qualifying share ratio of as low as 5% is required.  We also offer loans for the purchase of land. Loan maturity will not extend beyond the statutory retirement age of 65 years.


  • The applicant’s life must be covered by the Mortgage Protection Insurance/Group Mortgage Protection Insurance provided by CUNA Mutual Insurance or any recognized insurance company providing a similar service acceptable to the Credit Union.
  • Such policy must be assigned to the Credit Union exclusively.
  • Successful applicants are required to insure their property through the Credit Union under Home Owners Comprehensive Scheme provided by Jamaica Co-operative Insurance Agency (JCIA) or any recognized/reputable insurance company acceptable by the Credit Union against all insurable losses.
  • The loan can be combined with N.H.T. under the para passu agreement. Conditions Apply.