Build, purchase, or complete a house already under construction.
Unlock the door to financial freedom with OWN, your mortgage solution that goes beyond. Pay off student loans, consolidate debts, acquire land or a vehicle, and handle legal fees and closing costs effortlessly.
Highlights
Enjoy no payment for the first 3 months and no interest accrued in the first 3 months (optional).
Financing up to
$1M
For up to
40 yrs
Interest rate
3.99% p.a.
How much can I afford?
Not sure if you pre-qualify for a National mortgage? Let's help.
Try our affordability calculator
How much can I borrow?
Help make smart mortgage decisions and feel informed with our mortgage calculator.
Use our mortgage calculator
Benefits
- Empowerment through home ownership
- Increase net worth
- Secure your financial stability
- Lock in low interest rate
- Reduce monthly payments by consolidating consumer debts
- Save money
Document checklist
- Two government issued picture IDs
- Proof of employment (Stating salary and years of service)
- Detailed estimate of the house to be constructed/repaired/renovated
- Copy of approved plans/drawings of house to be constructed
Your next steps
You can apply for a mortgage online or by contacting any one of our branches in the Federation.
Your dream home awaits
Schedule an appointment
Need more information?
Call or email us. We'll be happy to help.
Try Online Banking
You'll love it. Trust us.
FAQ
OWN is a Mortgage Loan for everyone. The loan provides funding to acquire or build a residential home and pay out existing consumer debt with a single affordable monthly payment.
You can borrow UP TO $1 Million with the OWN Mortgage.
Yes. You can include the cost of buying or building a residential house, completing a house, paying student loans, paying existing creditors, purchasing land, purchasing a vehicle, and paying legal fees.
Yes. Anyone with a desire to own a house may apply.
Yes. All you need is a current job letter, three (3) most recent payslips and two (2) forms of valid IDs.
- If Building:Approved building plans, detailed estimates, and copy of property title.
- If Buying: Purchase and Sale agreement, a valuation of the property, copy of the property title/deed and current receipt for property taxes
Yes. You may qualify for a credit card, a line of credit and/or any other credit facility.
It depends on you. The maximum repayment period is 40 years.
The 3.99% rate is guaranteed for 5 years and will remain at or below market rate for the remaining term. Every mortgage contract presently in the market, across all financial institutions, has a limited renewable term – typically 3 years. National Bank’s mortgage term is standard 5 years, and National Bank has never raised mortgage rates.
No. SKNANB offers a Switch mortgage for that purpose.
No. We currently offer Mortgage facilities for properties located within the Federation only.
Mobile Apps
Secure Mobile Money Management, always here for you.
