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Our Company does not do any financing, but we will be able to assist you in obtaining a Mortgage by one of the financial institutions throughout Trinidad & Tobago which are set up for this purpose. Mortgage interest rates also depend on the type of arrangement between yourself and the Mortgage Company and how many years the Mortgage is for. Therefore it is very important to get good and professional advise from a reputable Mortgage Company.
In general, it is possible for Trinbagonians who do not live in Trinidad or Tobago, to obtain local mortgage financing.
Typical norms are between 75% and 90% of the value/purchase price can be financed.
If you are not residing in Trinidad or Tobago interest rates will be around 12% owner occupied (meaning: no other use) and around 14% plus for rental or income generating purposes.
Please note: To qualify for a Mortgage you must be a Trinidad & Tobago National, or have Dual Citizenship or Residency Status, as well as a permanent job and/or enough collateral to cover for the amount you require.
You must be between the ages of 18 and 60, and have at least 3 years permanent work experience and savings of a minimum of 10% of the cost/value of the property, plus fees etc. (an average of this cost is 5% of the value, but this varies).
If you are self employed, it is possible to qualify for a mortgage up to 65 years of age, but of course, certain conditions will apply.
For purchasing land, one must come up with at least 25% of the cost/value whichever is lower, plus the average 5% for fees.
Trinbagonians or Residents who are planning to return permanently to Trinidad but have lost their T&T Citizenship or Residency Status, you can re-apply, however be prepared that this is a lengthy process and will take at least 6 months to 1 year, so if you are planning to return immediately after you purchased a property, or in case you have to get a Mortgage, make sure you have your Citizenship or Residency status in order before making a deposit on a property.
Should you have any other questions, you can fill out the blue Info Request Form at the end of this page. If you think you qualify and wish to apply for a Mortgage, you can click on the
If you wish to get an idea of what a Mortgage will cost you, the monthly installments, or even find out if you can qualify, you can use our On Line Mortgage Calculator below, and for the more elaborate Calculators, by clicking on the links below.
Please, also read our "Buying & General info" page for details.
Sincerely Yours,
R. Drappier
Manager/Broker of Siparia Real Estate Agency.
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Replace the values in the "Input" windows below with your personal values, then click "calculate now" and the results can be seen in the "Results" windows. | 
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R. Drappier
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