About the Financing
TTMB recognises inclusion and gender equity as central to its purpose to create generational wealth. The S/HE Mortgage is a multigenerational mortgage designed to support female-led households who are building not just a home, but a future for their family.
Whether you’re a first-time buyer or returning to the property market, S/HE makes it possible to pool the financial strength of your family to secure a home and keep it in the family for generations to come.
Who Can Apply
Primary Borrower
First-time or returning homeowner
Co-Borrowers
Up to two additional family members including: adult children (female or male), mothers, sisters, nieces
Income
Combined household income considered; flexible income sources accepted, including remittances and microenterprise earnings
Residency
At least one female borrower must occupy the property as a primary residence
Citizenship
Open to citizens and permanent residents of Trinidad and Tobago
Key Features
Loan Tenure
Up to 40 years, capped at age 70
Generational Rollover
Penalty-free assumption of the mortgage by a qualifying family member
Loan-to-Value
Up to 95% of the property's value
Down Payment
As low as 5%
Interest Rate
Fixed for 5 years
Affordability
Gender-responsive pricing
Administrative Fee
Reduced to 0.5% of the loan amount
Grace Periods
Up to three months' payment deferral for maternity, caregiving, illness or financial hardship
Safety Nest
Optional savings add-on providing an accessible emergency fund
Other Benefits
Save More with an HMB Investment
Borrowers who save for their down payment using an HMB investment product, qualify for an interest rate reduction. Additional discounts apply for purchases within HMB-financed developments.
Eligible Properties
S/HE supports a wide range of property types to suit your family’s needs and plans.
Legacy Toolkit, Workshops and Community Benefits
Every approved applicant receives a Legacy Toolkit designed to help you plan, protect and pass on what you build. The toolkit includes will templates, property transfer forms, and discounted estate planning services through TTMB’s panel of attorneys. As a member of the S/HE programme, you also gain access to financial literacy workshops.
Build Today. Secure Tomorrow.
S/HE is for women who believe that homeownership is more than a purchase, it’s a promise to the next generation.
Two (2) copies of all documents must be provided.
Standard Documents
- Evidence of Nationality (2 Forms of ID)
- National Insurance (NIS) Number
- Income Tax (BIR) Number
- Evidence of Income (Job Letter / Pay Slip)*
- Evidence of Savings and Indebtedness**
- Most Recent Credit Card Statement(s)
- Title Deed(s) or Lease and/or Mortgage Deed
- Valuation Report
- Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
- WASA Clearance Certificate
- Utility Bill
Additional Documents
- Agreement of Sale
- Certificate of Good Character (for HDC properties)
- Certificate of Assessment from the District Revenue Office
- Completion Certificate from the Regional Corporation where property is less than 4 years old
For Properties Under Renovation
- Approved Building Plans (from Town & Country Planning Division & Regional Corporation)
- Signed Builder’s Estimate in phased scheduled draw-downs
- Quantity Surveyor’s report where the cost of the renovation/repair exceeds $450,000
- Completion Certificate from the Regional Corporation on completion of required works
- Evidence of funds available for possible cost overruns, estimated at 10% – 15% of the total construction cost
For Townhouses or Condominiums
- Share Certificate
- Registered Management Company Bye-Laws
- Management Company’s Statement on Insurance Coverage and Maintenance Charges with evidence of up-to-date payments
- Annual Returns for Management Company
*Evidence of Income
Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.
**Evidence of Savings & Indebtedness
Submit statements from all financial institutions with which you deal, including credit unions (monthly payments towards loans must be indicated on these statements).
Application Costs
What do I need to pay?
Estimated Application Fees
- Application: $150.00
- Title Search: $1,500.00 (initial)
- Acceptance Fee: 1% of Loan Amount or $500.00 minimum
- Credit Bureau Report: $90.00 per applicant
- Site Visit: $800.00 per visit
Closing Costs
- Legal Fees
- Statutory Fees (Stamp Duty & Registration Fees)
- 3 months’ Rates & Taxes
- 3 months’ Maintenance Fees
- 1 year’s Lease Rent
- 1 year’s Property Insurance Premium
Receive Property for Sale Alerts
Receive an email notification when TTMB lists Property for Sale.
