Purchasing a new home is probably the largest acquisition you will make in your lifetime, and while it’s an exciting time, the legal and financial details can be overwhelming. Our goal is to make the mortgage process as seamless as possible. At JN Cayman, we understand the important details, and we are here to answer any questions or concerns you may have.
We offer mortgage loans to purchase property in both Cayman and US currency.
• Mortgage financing up to 95% (conditions apply) of the purchase price or appraised value of the property, whichever is less
• Amortisation period of up to 25 years
• Variable interest rate
• No early redemption fee is applied when three months written notice is provided
• Prepayment allowed semi-annually after 365 days of loan disbursement (conditions apply)
• Easy record keeping with all mortgage transaction details included in your savings account statement and through JN Cayman LIVE.
Applicants will need a valuation from a member of our panel (See list of approved valuators)
• Completed loan application forms. If you need help completing the forms, our loans officers will be happy to assist.
• Verification of employment and salary. We will need a letter from your employer addressed to JN Cayman confirming income, position and length of service.
• Last three months pay advices
• Purchase agreement (for properties to be purchased)
• Property valuation from a member of our panel
• Evidence of equity to offset costs associated with transaction (not required if it is maintained with JN Cayman)
• Bank reference letter (not required if you are already a member of JN Cayman)
We got the key!
Achieve homeownership with guidance from our dedicated mortgage specialists who will guide you through the mortgage process while ensuring your needs are met.
We have a variety of mortgage loan products and our goal is to be “the mortgage lender of choice” in the Cayman Islands.
Are you in the market for a home, and want to know what you can afford? Use our Mortgage Calculator to estimate your monthly payments (principal and interest).