100% Mortgage Offer for Specialised Groups
VMBS will be providing access to 100% mortgage financing to self-employed individuals who operate micro-businesses and demonstrate the desire, ability and discipline required for home ownership.
Who will benefit?
- Self-employed persons and employees of micro-businesses such as electricians, owners of public transportation and hair dressers who have not previously accessed a housing benefit
- Contract Workers
- Be an active VM Member, or saver for 6 months or more, with all accounts in active status
- Be a Jamaican National permanently residing in Jamaica
- Have a reliable source of income
- Have a demonstrable savings discipline pattern
- Have good bill payment records
- Have an identifiable property for purchase
- Not be a beneficiary of a prior mortgage or housing benefit