Supporting Documents for Loan Application
To facilitate a seamless application process, we require the following documents:
- Land Certificate or other title: Verification of property ownership is essential for loan approval.
- Letter from the village chairperson/alcalde: A letter from the local authority adds credibility to your application, especially when dealing with land-related transactions.
- Property Valuation Plans: Providing plans and valuation details ensures a comprehensive understanding of the property’s worth.
- Plans & Estimates: Detailed plans and cost estimates of your construction or improvement project help us assess the financial aspects of your loan request.
- Site Visits & Pictures: Site visits and pictures enable us to better understand the scope of the project and ensure that our loan aligns with your needs.
- Title Search: A thorough title search is conducted to verify the legal status of the property and ensure a clear title for the loan.
- Mortgage/Charge Execution: This document formalizes the mortgage agreement, outlining the terms and conditions of the loan against the property.
Why Choose TTCU’s Building & Construction Loan?
- Flexible Solutions: Our loan program is flexible, catering to a range of construction and home improvement needs.
- Competitive Interest Rates: Enjoy a fixed and competitive interest rate of 12% to make your home project financially feasible.
- Local Expertise: As a community credit union, we have a deep understanding of local dynamics, ensuring a smoother loan application process.
How to Apply:
Getting started is easy! Simply drop by one of our branches to pick up an application form. Our friendly staff is ready to assist you through the application process and answer any questions you may have.
At Toledo Teachers Credit Union, we are committed to helping you build the house of your dreams. Take the next step toward your housing goals with our Building & Construction loan product.
Reviews
There are no reviews yet.