Thank you for your interest in our loans, the requirements include:: Buying a Home: 1. Photo ID (Social Security, Passport) 2. Proof of address (Recent Utility Bill within 3 months) 3. Recent Employment Letter (https://www.belizebank.com/wp-content/uploads/2023/04/Official-Employment-Verification-Letter.pdf)or Certified Income Statement (if self-employed) 4. Land Title 5. Proof of payment of property taxes 6. Purchase Agreement 7. Valuation Report Building a Home: 1. Photo ID (Social Security, Passport) 2. Proof of address (Recent Utility Bill within 3 months) 3. Recent Employment Letter (https://www.belizebank.com/wp-content/uploads/2023/04/Official-Employment-Verification-Letter.pdf)or Certified Income Statement (if self-employed) 4. Land title 5. Proof of payment of property taxes 6. Purchase Agreement 7. Valuation Report 8. Building Plans (approved by Central Building Authority) 9. Bill of quantities

We provide competitive loan interest rates ranging from 7% to 10%. The interest is applied using the reducing balance method where interest is charged on outstanding principal amount.

The maxiumum loan amount will be determined by your lender based on factors such as house valuation, affordability, and other eligibility requirements.

The maximum repayment period for mortgages shall be up to and not exceeding 300 months or retirement age.

The Belize Bank Limited First Time Home Ownership Program aims to provide customers who want to buy their first home with 100% financing. Find out if you qualify for the program by speaking with one of our helpful loan officers.

A prospective homeowner typically needs to have equity equal to 20% or 5% of the lesser of the following: 1. Evaluated market value 2 .Buying price 3. The price of building and land Find out which mortgage you qualify for by speaking with one of our helpful loan officers.

Mortgage loan fees include: a. Loan fee – 2% of the loan amount or a minimum of $1,000. b. Legal fees – this fee is dependent on the legal firm chosen. c. Insurance – this fee is dependent on the insurance premium you wish to obtain. Speak to one of our friendly officers to obtain more information on our fees.

We offer individualized repayment plans to meet your financial situation. Payments can be made weekly, bi-weekly or monthly. These payments are automatically withdrawn from your Belize Bank salary/deposit account.

Once all the requirements for the mortgage loan are met, the conditional approval time will take no more than 10 business days. Loan disbursement however, will start once all legal documents are in order.

Yes, we also finance houses that are already built. Kindly note the following requirements for buying a home: 1. Photo ID (Social Security, Passport) 2. Proof of address (Recent Utility Bill within 3 months) 3. Recent Employment Letter (https://www.belizebank.com/wp-content/uploads/2023/04/Official-Employment-Verification-Letter.pdf)or Certified Income Statement (if self-employed) 4. Land Title 5. Proof of payment of property taxes 6. Purchase Agreement 7. Valuation Report

Mortgage insurance can be obtained independently from the insurance company of your choice; however, it must be assigned to Belize Bank Limited. Some of the insurances currently being offered include Health Crisis Protection and Critial Illness which vary in fees depending on your age and health. Please note that Fire & Hurricane Insurance must be obtained independently and must be renewed annually.

Mortgage insurance obtained from GK Life Insurance may include: Heart attack, stroke, life-threatening cancer, dismemberment, permanent disability under the health crisis protection. The critial illness protection may cover your loan for heart attack, stroke, and life-threatening cancer.

Yes, mortgage refinancing is considered once the necessary requirements are met. Kindly speak with one of our friendly loan officers about refinancing your mortgage.

Thank you for your interest in transferring your loan to Belize Bank. Please feel free to schedule an appointment with your nearest Belize Bank Branch and bring along the following documents: a. Currently mortage loan statement b. Employent verification form (https://www.belizebank.com/wp-content/uploads/2023/04/Official-Employment-Verification-Letter.pdf)c. House valuation Our lender will be more thann please to reveiw your request and let you know if it convenient for you to transfer your mortgage. Once your request is reviewed and it is determine that it will be beneficial for you to move your mortage facility, we will prepare all the legal documents pertaining to the transfer of the mortgage.

Yes, a residential mortgage loan may be considered with a repayment term not exceeding the age of 65.

One of the initial and most crucial tasks when you’re prepared to purchase a property is to apply for a mortgage. For married couples, this typically entails submitting a mortgage loan application jointly. As a result, you will own the house jointly and the loan will be in your names.

The maximum amount that may be included as part of the mortage loan will depend on the value of the security and your equity contribution.