Mortgage Calculator

Mortgage Calculator

Good News for Trinbagonians living abroad.

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.
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.

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 advice from a reputable Mortgage Company.

Please note: To qualify for a local Mortgage in Trinidad and Tobago you must:

1. Be a Trinidad & Tobago National, or have Dual Citizenship or Residency Status.

2. Have a permanent job and/or enough collateral to cover for the amount you require.

3. Be between the ages of 18 and 60 years. If you are self -employed up to 65 years of age, but certain conditions will apply.

4. Have at least 3 years permanent work experience.

5. Have 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).

6. Or if purchasing land alone, have savings of 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.
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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.

Sincerely Yours,

Don S. Hosten


Allegiant Homes, Ltd.

Mortgage Calculator