Purchase a Government House

Overview

Who can apply

• Current government tenants in good standing
• First-time homebuyers meeting income criteria
• Applicants with pre-approved financing

Required documents

• Valid passport
• NIB card
• Job letter
• Recent pay slips
• Pre-approval letter from approved lender

Application steps

1. 1
   Confirm property eligibility

   Verify the property is available for purchase.

2. 2
   Secure financing

   Obtain mortgage pre-approval from an approved lender.

3. 3
   Submit purchase application

   Complete and submit your purchase application.

4. 4
   Conveyance

   Complete legal conveyance and title transfer.

Legislation & official sources

Everything on this page is drawn from Bahamian law and official government sources.

• Housing Act, Ch. 199

  Establishes the Housing Department, insured mortgage loans and programme administration.

• Housing Regulations (S.I. 59/1983)

  Sets the 30% gross debt service ratio cap and approved-lender interest limits.

• Stamp Act, Ch. 370

  Duties on conveyances and mortgages, including the first-home exemption in section 3B.

• First Home Exemption — Department of Inland Revenue

  Official application process for stamp duty / VAT relief on a first home.

• Bahamas Mortgage Corporation

  Government mortgage financing for approved housing applicants.

• Real Property Tax — Department of Inland Revenue

  Assessment, owner-occupied relief and payment of real property tax.