Question 1

What documents are required to apply for a home?

Accepted Answer

Applicants typically need a valid Bahamian passport, NIB card, a current job letter, a recent pay slip, two character references, and proof of residence.

Question 2

Is a deposit required?

Accepted Answer

Yes. A deposit is generally required at the time of approval. The amount depends on the programme and selected property.

Question 3

Can I use a co-signer?

Accepted Answer

Yes. Co-applicants and co-signers are permitted where additional household income is needed to satisfy eligibility.

Question 4

How long must I be employed before qualifying?

Accepted Answer

Most programmes require at least six months of continuous employment with the current employer.

Question 5

What happens after I submit an application?

Accepted Answer

Applications are reviewed in order received. A ministry representative will contact you to confirm receipt and request any missing items.

Question 6

How do I contact a mortgage officer?

Accepted Answer

Call (242) 302-5800 during business hours or send a message via our Contact page.

Question 7

Is home insurance required?

Accepted Answer

Yes. Home insurance must be active for the full term of any government-backed mortgage.

Question 8

Can I apply for a lot and a home at the same time?

Accepted Answer

You may apply for both, but each application is reviewed separately based on its own programme criteria.

Question 9

Do I need legal counsel for conveyance?

Accepted Answer

Independent legal counsel is recommended for conveyance and title transfer.

Frequently asked questions

Need help with housing or land services?