Buying Land through NHT | NHT Build On Own Land Loan explained with Dwayne Berbick

[@Humble_Boss-i7s]

I have done ✅️ it with my NHT mortgage and living happy in my own home. Purchase land on the open market and build my dream house. Thank to the help of NHT.

[@genellwilson2763]

How do you know it’s open market?

[@namkebanyanklariti]

Where are you going to get a lot for 2.5 million in Portmore, Manchester, Kingston, and other areas? Even in the bush a lot costs more than 2.5m.

[@sabrinawalker3812]

I don't know but i called NHT an told them that i don't have a title for the land so the lady that works there told me i have to get a land title first before i can get the loan an it's the hardest thing to get😭

[@aliciaforgie]

Hi goodnight, hopefully I get a reply back from you. I am in a dilemma so i am in the process of getting a construction loan just have a few papers to bring in. However I saw in the email i was sent that if the building exceeds the loan, i have to first come up with the rest of money before i am given a loan. What if i don't have the money can they just build the part i can afford throught the loan? Because the entire house will cost most more than the loan I will be given.

[@sha9music839]

What if I'm a title holder, can i give my daughter the ok to build on the land

[@guyangordon2827]

Legal permission?

[@michellewilliams7736]

@justshericka: What are the documents that you should have when purchasing a land to include the necessary nht forms?

[@justshericka9334]

Hi, its a number of documents. Please watch the video kzbin.info/www/bejne/gWiwpa1sgZeip80

[@fearlessdonicia6948]

Hopefully, I get some answer to this question. Can I merge my bank loan with my spouse's nht loan to purchase land. Or only 2 nht loans can be merged? Also, is it possible to have nht loan on a housing unit and another separate nht loan for another piece of land at the same time? Bearing in mind the separate loan limits that apply for each, and my ability to afford both at the same time?

[@justshericka9334]

Hi I am not sure if I fully understand your questions but I will try my best to respond. Two persons can access their NHT points to purchase property together whether house or land. Not sure about merging bank loans but both of you can come together to purchase through the NHT. You can also access the Joint Financing Programme through any of the NHT partners. They have a list of banks that they partner with that you and your husband can use to get additional funds to purchase once your salaries can afford. As it relates to using NHT to acquire 2 difference properties, I only see that being possible if you and your husband purchase separately instead of doing so together. Please contact the NHT to clarify this. But to my knowledge you cannot get two loans as a single individual but you and your husband both have your individual qualifications and should be able to use them individually to get two different units once again, as long as your individually salaries can afford. I hope this helps.

[@christinecrooks2855]

Can persons get loan from NHT on government land

[@Ricky-pz8tm]

What are the criteria for the $2.5m for low/minimum wage earners? Do persons in this category have to be gainfully employed?

[@justshericka9334]

Yes you would need to be employed and earning minimum and an up to date contributor. I do believe once you fall within those categories the benefit is automatic. Please verify this with the NHT

[@TheEchoingPen]

Does the same 12 months grace period applies to the cluster program?

[@justshericka9334]

Once you are building, yes. From the first disbursement, you will have 12months before you start paying the mortgage.

[@TheEchoingPen]

@@justshericka9334 wonderful. Am working on a cluster program and the people are going to love this news.

[@TheEchoingPen]

@@justshericka9334 Are you a realtor?

[@justshericka9334]

@@TheEchoingPen In my dreams YEESSS... I just love Real Estate

[@justshericka9334]

@@TheEchoingPen Yes that's great for you guys. So yes, you will be building without a mortgage payment for 12months from the date of the firs disbursement from NHT. Congrats to you!!

[@unstoppablekay]

how can I get contact with u

[@justshericka9334]

Hi, via email [e-mail]

[@genellwilson2763]

@@justshericka9334question if you are earning over $100000 monthly, with good NHT points. Would be possible to burrow 7.5 million?

[@dongyal876]

My aunt has a land selling for 1 million but no title. The last time I spoke with nht they said they will not give a loan to purchase the land without title. In this case can I contact the national land agency to obtain title and have it registered and then go to nht and get the loan? Idk if that’s possible I’m just asking,… also, is he saying that u get 2.5 to buy the land and you have to pay that off or repay that 2.5 mill before we can access the 4 mill for construction? Thanks I’m advance

[@andrechambers15]

,need a contact to him

[@alex_cool1238]

I just buy a pice of land for 4.5

[@lejear01]

where dat?