Yes. Please contact one of our Mortgage Officers for further assistance.

Sagicor offers:

Residential Mortgages to assist with the purchase/construction of a residential home. Persons with an existing mortgage can also switch their mortgage to Sagicor and enjoy savings from reduced monthly installments.

Residential Land Loans to assist with the purchase of land or switching of an existing land loan to Sagicor.

Home equity loans where persons use the equity in their property to finance any legal purpose, including home renovations/extensions/repairs, education, debt consolidation and for investment purposes.

Commercial Mortgages to assist with the purchase of commercial buildings/land, or to assist with business operations.

Applicants must be permanently employed for a minimum of 2 years and not on probation. Contract workers can apply.

Interest rates vary depending on the type of loan type and associated risk, so please contact a member of our Mortgage Department for assistance.

  • Mortgage Application-Completed mortgage application. Must be signed & dated
  • Identification- 2 forms of valid, Government issued photo Identification
  • Proof of income – job letter no older than 3 months and the last 2 months pay slips. Self-employed persons: Letter from Accountant confirming income/last 3 years audited financial statements/last 3 years income tax filings together with minimum 6 months’ bank statements
  • Proof of address – Bank or Credit Union statement/utility bill no older than 3 months

    Bank/ Credit Union reference from primary banker/credit union

  • Confirmation of debt – most recent credit card statement &/last 6 months’ loan statements, where applicable
  • Land Tax Assessment & Receipt -Most recent land tax assessment & receipt if property is already owned
  • Bank Statement -6 months Bank/ Credit Union savings statements where salary is deposited
  • Proof of Land Purchase-When purchasing land or a residential home, the following documents are also required:

 

When switching an existing mortgage to Sagicor:

  • Valuation on the property. No older than 6 months
  • Last 6 months’ mortgage/loan statement

 

When completing renovations or constructing a residential property/apartment complex/townhouse:

  • Copy of building approval (not necessary for all renovations. Confirm with Mortgage Officer)
  • Quantity Surveyor’s report
  • Signed builder’s estimate

The total of the monthly debt commitments including proposed mortgage installment, should not exceed 40% of gross income. For more assistance, please contact a member of our Mortgage Department or a Sagicor Advisor.

Kindly contact one of our Mortgage Officers or a Sagicor Advisor for further assistance.

The maximum term offered for a land loan is 15 years to the applicant’s retirement age or age 70; whichever is reached first.

For concrete buildings, the maximum term offered is 30 years up to the applicant’s retirement age or age 70; whichever is reached first.

At Sagicor, we finance up to a maximum of 95% of the value or purchase price (whichever is lower) for mortgages and up to a maximum of 90% of the value or purchase price (whichever is lower) for land loans.