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Home it with NHT
Step into your new home with a Home Buyer Loan
Who Can Apply?
To apply for a Home Buyer Loan you must:
- be between 18 and 70 years old
- not have spouse who already owns a house
- never have gotten a previous loan from the NHT*
- be a non-homeowner (your name cannot be on a house title)
- have made at least 52 weekly contributions, with 13 within the last 26 weeks before applying
*Does not apply if you received your NHT loan at least 10 years ago.
NHT Scheme Loan
The housing solutions we provide range in size and style to fulfill diverse needs, supporting the development of cohesive and sustainable communities. NHT schemes solutions include housing units or scheme lots. As a contributor, you may apply for up to $15 million to buy a ready-for–occupancy unit, when a scheme is advertised for sale.
How To Apply
NHT scheme units are advertised when they become available through newspaper, digital, and electronic media. Submit your application within the specified period
Applications are accepted online only.
7+ Homebuyer Loan
Contributors who purchased a home using an NHT loan more than seven years ago and no longer own it can access up to $5 million toward purchasing or constructing a second home. You can borrow as a single applicant or co-apply with one other qualified NHT contributor to access a higher loan limit. If you need (and can afford) to borrow more money you may seek additional funds from another lending institution under our External Financing Mortgage Programme (EFMP).
Loan Conditions:
- the funds may not be used to acquire an NHT Scheme benefit (House or Serviced Lot)
- the applicant must demonstrate that he/she is not the owner of residential property
- the applicant must not have lost the previous property owned due to default on his/her NHT mortgage
Open Market Loan
Buy a house or land being sold by a private (non-NHT) vendor (an individual or agency).
You can access:
- up to $9 million as a single applicant
- up to $17 million as a co-applicant with another eligible contributor
- up to $23 million as a co-applicant with two other eligible contributors (2-bedroom house or more)
You will need:
- Sale Agreement: A signed sale agreement with 60 to 90 days left for completion of the transaction from the application submission date.
- Deposit Receipt: Showing at least 5% of the cost of the unit/lot made to the vendor’s attorney. The NHT will not make a payment towards deposit/cost where the sale price exceeds the total loan limit to which you are entitled.
- Valuation Report: Prepared by a certified valuator and no older than one (1) year old.
External Financing Mortgage Programme
EFMP increases your housing opportunities with expanded options when applying for your NHT loan through our partners. The interest rates for the NHT loan portion remain unchanged.
Additional Loan Options
Facilities To Assist
We provide a wide range of special benefits available to contributors who meet specific requirements. These loans support purchasing, building, or improving properties.
Intergenerational Scheme Loan
If you are not able to afford the full purchase price of an NHT scheme unit, you may apply for this facility.
Parent Assist Scheme Loan
A parent, up to age 70, may assign his/her points to one (1) biological or legally adopted child. The parent’s points would replace the points accumulated by the child to increase the likelihood of the child being selected for an NHT scheme solution.
Parent Assist Open Market
A parent, up to age 70, who already owns a house not financed by the NHT, may co-apply with one biological or legally adopted child to improve his or her affordability to purchase property on the open market.
