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Real Estate


Sagicor Bank Residential Mortgage

Liberate your rate with a mortgage from Sagicor Bank. We want to be with you every step of the way, as you embark on that journey to find your dream home.

Mortgage loans are available to:

  • Purchase residential property
  • Build residential property
  • Refinance an existing mortgage
  • Access home equity loans for investments, emergencies, consolidate debts or other major expenses

Minimum requirements: To qualify for a mortgage loan you must:

  • Job letter from employer and last 3 pay slips
  • If self-employed - audited / management accounts for the business for the last 3 years, supported by bank statements for the same period
  • Valid identification – driver’s license, passport or national identification
  • Tax Registration Number (TRN)
  • Proof of Age – birth certificate or passport
  • Proof of address – preferably in the form of a utility bill
  • Most recent utility bills
  • Last three (3) rent receipts if applicable
  • Written confirmation of existing indebtedness
  • Proof of funds to complete the transaction
  • Proof of ownership of existing assets
  • Evidence of deposit or statement from Attorney holding carriage of the sale
  • Copy of signed Sales Agreement
  • Valuation Report for the property to be purchased
  • Surveyor’s ID Report for the property to be purchased
  • Copy Certificate of Title for property to be mortgaged
  • Any other documents deemed necessary by the Bank

Mortgage Type Purpose Rate Value Financed (%) Fees Term Amount
Owner Occupied Purchase Get 8.5% up to $20M. Additional amounts -10.5% 90% Commitment Fee = . 1.25% of loan amount
Processing fee 1%
3 years Fixed at 25 years $500K- $20M
Residential Investment Purchase Get 10.5% up to 40M. Additional amounts -11.75% 75% Commitment Fee = . 1.25% of loan amount
Processing fee 1%
15 Years $500K- $40M
Home Equity Any customer purpose e.g. home repair Get 8.5% up to $20M. Additional amounts -10.5% 80% Commitment Fee = . 1.25% of loan amount
Processing fee 1%
3 years Fixed at 25 years $500K- $40M
Re-Finance (Owner Occupied) Switching of Owner occupied residential loan Get 8.5% up to $20M Up to 80% Commitment Fee = . 1.25% of loan amount
Processing fee 1%
3 years Fixed at 25 years $500K- $40M

Come in branch and talk to us about getting a loan.

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