Hurricane Relief Loan (Special Home Improvement Loan)
This special home improvement loan is designed to help homeowners finance repairs to properties damaged during the Hurricane.
Key Details:
- Available from November 10, 2025
- Eligibility:
- Must be a homeowner and a current NHT contributor
- Includes current or former NHT mortgagors, as well as non-NHT mortgagors, who sustained property damage from Hurricane Melissa
- Funds can be used specifically for repairs and restoration of hurricane-related damages
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Completed forms with supporting with documentation may be submitted to the nearest NHT Office.
Note: Applicants should ensure they have the necessary documentation, including proof of property ownership, evidence of damage, and current contributor information.
Additional Resources
Other helpful resources for Hurricane Melissa recovery
Hurricane Relief Grant
Provides financial assistance to contributors who suffered property damage due to Hurricane Melissa.
Hurricane Relief Moratorium
This is a temporary suspension of mortgage payments for mortgagors affected by the Hurricane.
Peril Insurance Claim
If your NHT mortgaged property suffered damage due to Hurricane Melissa, you may be eligible to submit a peril insurance claim.
Frequently Asked Questions (FAQs)
This is a special home improvement loan for homeowners who need financing to effect repairs to their properties in the aftermath of Hurricane Melissa.
The loan becomes available as at November 10, 2025.
To be eligible, you must be a homeowner, who is a current NHT contributor, and either an NHT mortgagor, former NHT mortgagor, or Non-NHT mortgagor, who sustained damage to your property during the passage of Hurricane Melissa.
Applicants should own the property on which they intend to undertake the repairs.
Yes. All homeowners (i.e. named on title) who are current contributors may apply for the loan.
Yes. The second mortgage and Pari Passu arrangements will apply. Where certain underwriting requirements may not be met by the applicant, these should be referred to the Branch or Service Centre Manager for review.
You may access up to $3.5 million per collateral for this Hurricane Relief Loan (subject to affordability).
You may co-apply with other qualified NHT contributors once all names are on the title. For co-applicants, the combined loan amount will not exceed $3.5 million.
The loan will be calculated at a fixed interest rate of 2%.
No. These loans will be processed directly by the NHT. Pari Passu or Second Mortgage processing will apply.
No. These loans will be processed directly by the NHT.
The service charge will be calculated at a fixed rate of 2%.
The loan term is for a maximum of 20 years or up until age 70, whichever comes first.
The registered or common law title for the property will be used as the collateral for the loan. Special consideration may be given where there are other types of ownership arrangements (e.g. tax receipts, Wills, Survey Diagrams etc.).
Yes. You may still access a Hurricane Relief Loan if you have already accessed any NHT loan facility. This includes Open Market, Scheme, 7/10/15 Plus or Home Improvement loans, etc.
No. This is a one-time offer.
Yes. However, the objective of the Hurricane Relief Loan is to support immediate repairs to the damaged property. This will be an expedited process which has not been extended to the other loan facilities.
Yes, you will be able to apply for both loans.
The loan will be disbursed in keeping with the process established for Construction -type loans. That is, the Projects Department will recommend disbursement/s upon milestones of work.
No. The loan should only be used for home repairs where the damages were caused by Hurricane Melissa
Yes. This loan is intended to supplement existing insurance arrangements in order to adequately complete repairs to your property.
