The Trinidad and Tobago Mortgage Bank (TTMB), we are more than a financial institution; we are your partners in building a secure and prosperous future.
TTMB, where your financial future is our priority. Born from the strategic merger of Trinidad and Tobago Mortgage Finance Company Limited (TTMF) and the Home Mortgage Bank (HMB), TTMB represents a new era in financial services, with a rich legacy of trust, excellence, and innovation.
MANDATE
To enhance real estate financing and other investment and asset management solutions offered in the markets we serve while maintaining the highest standards to ensure security and trust.
To be the premier financial services provider of diverse and innovative property finance and investment products that empower our customers to achieve their wealth creation goals.
To give our customers the opportunity to build wealth through our line of premier mortgages, investments and commercial product offerings – with a customer centric approach, and dedication to success.
- Being passionate and proud of what we do.
- Having a reputation for exceptional, friendly and professional service.
- Focusing on fulfilling our potential with the most skilled and knowledgeable team in the industry.
- Our partnerships make home ownership an easy and rewarding experience.
- Results Oriented
- Customer Focused
- Integrity
- Teamwork
- Empowerment
As the administrator of the Government’s Affordable Housing Programme, TTMB offers the subsidized 2% and 5% Mortgage programmes.
Features of the 2% facility
- Borrower(s) must be a first time homeowner.
- Monthly income of borrower(s) must not exceed $14,000.00.
- Property value must not exceed $1,000,000.00.
- Up to 100% financing, for the Purchase Price for house and land, or land with immediate construction of a house, will be offered to those who qualify, as a means of reducing the amount of savings required for the down payment on the property.
- Landowners can still receive financing up to $1,000,000.00 for construction Maximum repayment term of 30 years*
- Mortgage may be extended to age 70 with a gainfully employed younger family member being the co-borrower.
- A graduated payment mortgage arrangement is included, the main features of which would allow for an increase of 0.5% annually from the inception of the loan to the attainment of the next level of the subsidized mortgage rate of 5% in seven (7) years.
- Inclusive of $20,000.00 approved for major appliances
- The legal provision in the mortgage documents requires that beneficiaries of Government-financed properties cannot sell or sublet the subsidized property before the expiration of ten (10) years from the date of financing.
- Mortgage Cover® is encouraged
*Normal Lending criteria apply.
Features of the 5% facility
Persons whose income ranges between $14,001 and $30,000 per month, can access 5% mortgage financing for properties valued up to $1.5 Million.
- Borrower(s) must be a first time homeowner.
- Persons whose income ranges between $14,001 and $30,000 per month, can access 5% mortgage financing for properties valued up to $1.5 Million.
- The household income must reflect the incomes of the heads of the household, and must range between $14,001 and $30,000 per month.
- Property value must not exceed $1.5 Million
- Up to 95% financing, for the Purchase Price for house and land or land with immediate construction of a house, will be offered to those who qualify, as a means of reducing the amount of savings required for the down payment on the property.
- Landowners can still receive financing up to 95% of $1.5 Million for construction
- The maximum term of the loan will be 30 years up to age 70.
- Mortgage may be extended to age 70 with a gainfully employed younger family member being the co-borrower
- A graduated payment mortgage arrangement is included, the main features of which would allow for an increase of 0.5% annually from the inception of the loan to the attainment of the Approved Mortgage Company (AMC) rate (currently 7%) in five (5) years.
- Inclusive of $20,000.00 approved for major appliances
- The legal provision in the mortgage documents requires that beneficiaries of Government-financed properties cannot sell or sublet the subsidized property before the expiration of ten (10) years from the date of financing.
- Mortgage Cover® is encouraged
*Normal lending criteria apply.
Contact Details
Head Office & Main Customer Service Centre
Albion Court,
61 Dundonald Street,
P.O. Box 1096,
Port of Spain.
Trinidad W.I.
Tel nos: 1(868) 623-TTMF/625-TTMF
Fax: 1(868) 624-3262
E-mail: info@ttmf-mortgages.com