REQUIREMENTS FOR HFC MORTGAGE LOAN APPLICATION (GENERAL)

APPLICATION

  • A completed and signed HFC Bank Mortgage Application form
  • Processing Fee (Refer to Specific Product link)

 
IDENTITY

  • 1 passport size photograph
  • Personal Reference Form (download and complete)
  • Proof of Relationship(If Joint application)
  • Power of Attorney (must be witnessed by a Notray Public)
  • ID (Copy of Identification) e.g. Passport, Drivers license, National ID

 
INCOME VERIFICATION
SALARIED EMPLOYEES

  • Confirmation of Income and employment from your employers
  • The latest three (3) salary slips/pay stubs showing all deductions.

 
SELF-EMPLOYED APPLICANTS
·         Last 3 years certified audited accounts or least 3 years copies of individual income tax returns.
·         Business profile
·         Last 6 months Bank Statements if not an HFC Bank Customer.
 
CREDIT HISTORY

  • Credit report from a recognized credit bureau or credit reporting agency.
  • 6 months copy of Bank Statements if not HFC Customer.
  • May open a Homesave Account with a minimum of USD500 or GBP200.

 
ADDITIONAL REQUIREMENTS

  • Offer Letter from Real Estate Developer or Vendor (HPM application only).
  • Minimum deposit or down payment of 20% of the total cost of the property (HPM application only).
  • Valuation Report (to be done by an HFC Bank recommended Valuer).
  • Title documents to property
  • 4 Copies of site plans
  • Approved Building Plans/Development permits for Home Improvement & Home Completion Mortgage
  • Bills of Quantities for Home Improvement & Home Completion Mortgage.