• 876-929-5142 | 1-888-225-5472 (Local Callers only)
  • info@fhccu.com

Whatever Your Goals, Start Here, Start Now.

Match It!

Home Ownership

At FHC we are committed to helping you acquire your first home. This loan is for the purchase of homes on the Open Market. We will help you through the process and MATCH whatever you have qualified for through the NHT. Whether you are a single or co-applicant with the NHT your maximum loan amount and the interest rate will be matched by YOUR Credit Union, FHC. We are committed to helping you through this simple and convenient process.

We welcome you to this important phase of your life as we MATCH IT by making home ownership more affordable.

How To Qualify

  • Applicant must be a first time home owner, purchasing on the Open Market
  • Applicant must be seeking an additional amount of money to purchase their home joint with the NHT.
  • Applicant may be a single borrower or a co –applicant
  • Must be a Member of First Heritage Co-operative Credit Union
  • Must be able to meet the FHC lending guidelines

Product Features

  • Maximum Loan Amount for single applicant - $6.5m
  • Maximum Loan Amount with a Co-Applicant -$13m
  • 95% Financing
  • Interest Rate Charged will be 6% p.a.
  • Loan Term of up to 25 years. Conditions Apply
  • Complusory Savings of 10%
  • Discounted Processing Fees
  • Permanent Share Requirement $10,000.00
  • Payment by salary deduction

MATCH IT PLUS

We are aware that the price of your dream home may be more than the amount under the MATCH IT Loan Program. However, MATCH IT Plus will allow you to more funding. This however will be at a different interest rate which will be tiered.

Simple Examples of how MATCH IT works.

Eg.1

Carla and her husband George needs to purchase a home for $26m. Both of them are first time home owners and contribute to the NHT. They both qualify for the maximum amount of $6.5m at the NHT.

Names

NHT Loan

FHC MATCH IT Loan

FHC MATCH IT Plus

Total Loan

Carla

$6.5m

$6.5m

$3m

George

$6.5m

$6.5m

Total Loan

$13m

$13m

$3m

$29m

Eg. 2

Peter is a teacher and wants to purchase his home for $15m. He is a first time home owner and contributes to NHT. He qualifies for the maximum amount of $6.5m at the NHT.

Names

NHT Loan

FHC MATCH IT Loan

FHC MATCH IT Plus

Total Loan

Peter

$6.5m

$6.5m

$2m

Total Loan

$6.5m

$6.5m

$2m

$15m

Your Mortgage Checklist

  • Photo Identification
  • Taxpayer Registration Card
  • Job Letter from Employer
  • Last 3 months Pay Slips
  • Signed Sale Agreement
  • NHT Contribution Letter
  • List of Monthly Expenses
  • Copy of Property Title
  • Valuation Report
  • Surveyor’s Report

FAST TRACK Pre-Approved Loans

Get our Fast Track Pre Approved Loan service today. Know how much you qualify for and let that guide you with your home search. Knowing how much you qualify for will make the process simple!

*Conditions apply

Mortgage Loans

Looking to build or buy your own home? FHC Credit Union gives you a number of flexible options through our Mortgage Home Solutions, JCCUL and Shelter loans. These loans offer terms between 20 and 30 years to repay at affordable interest rates.
Mortgage Home Solution
Shelter
Features
  • Maximum of $25,000,000.00
  • Ordinary Share requirement of 5% of loan amount
  • Permanent Share requirement of $10,000.00
  • Term 20 years
  • 95% Financing
  • Compulsory Share Saving of 5% of monthly payment.
  • Affordability driven by DSR
Jamaica Co-operative Credit Union League (JCCUL)
Features
  • Maximum of
    • $10,000,000.00 – Home Acquisition/ construction
    • $4,000,000.00 – Home Improvement
  • Ordinary Share requirement of 5% of loan amount
  • Permanent Share requirement of
    • $5,000.00 for loans under $500,000.00
    • $10,000.00 for loans over $500,000.00
  • Term of repayment
    • 25 years– Home Acquisition/ construction
    • 15 years – Home Improvement
  • Affordability driven by DSR
*Conditions apply

NHT’s Housing Micro Finance Loan Programme

The National Housing Trust (NHT) expanded its reach to contributors with gross earnings of $42,000 weekly through this programme. The programme’s thrust is to improve low-income earners’ access to financial inclusive products. This will address the challenge of providing greater funding to facilitate incremental building to low income earners and will empower applicants with the provision of cost effective housing finance.

Features

  • Maximum Loan granted is $850,000 ( at any one instance) subject to affordability
  • Total loan that can be accessed by each borrower over the life of the programme is $1.5m
  • Loan Term is 5 years

Loan Purposes

  • Land Purchase
  • Titling
  • Infrastructure (upgrade or new)
  • Utilities Installation
  • Construction Preliminaries
  • Completion of different stages
  • New Construction
  • Down Payments
  • Solar Products

About Us

A LEGACY OF TRANSFORMATION

On August 1, 2012, Churches Co-operative Credit Union and GSB Co-operative Credit Union merged to form the new entity First Heritage Co-operative Credit Union Limited (FHC). This decision culminated the process of discussions that began in October 2010 when the idea of the amalgamation of the two Credit Unions was born.

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Get in touch

8-10 Eureka Road, Kingston 5

1-888-225-5472

876-929-5142 (Local Callers only)

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