Requirements for a Residential Mortgage

Overview of all required documentation for resident and non‑resident applicants.

Standard Requirements

All applicants

1. Original deed or title to the parcel where construction will be done.
2. Copy of deed of mortgage (if property is mortgaged to a financial institution).
3. Professional valuation (not older than 3 years) of property in its current state (to determine equity in property).
4. Zero-balance property tax statement.
5. Copies of statements for all credit facilities (loans, credit cards, overdrafts) if held at another financial institution.
6. Proof of employment, salary or income source & the 2 most recent payslips.
7. Proof of address (utility bill within the last three months).
8. ID (Social Security card or passport).
9. An estimate / bill of quantities for construction to be undertaken.
10. A plan of construction (must match the estimate above).
11. Applicant must provide equity of 50% of the total purchase or construction value along with a bank supporting statement.
12. Construction permits and approved plans from the local building authority / CBA.
13. Sale agreement.

Additional documents and conditions that apply to applicants who are not resident nationals.

14. Two IDs (passport and another valid photo-bearing ID).
15. W-2 (for the last 3 years).
16. Two banker references.
17. Credit report.
18. Equity contribution of 50% (substitutes condition 11 above for non-residents).
19. Central Bank approval.

Contact your lender or a licensed mortgage broker to check specific formatting and certification requirements.