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Message From The Chairman

For over 35 years, The Bahamas Mortgage Corporation has been providing financial solutions for Bahamians to make their home ownership dreams a reality. With a hallmark of quality, we have remained committed to meeting the changing needs of our customers by moderniz....

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Enter your loan details in the provided fields (amount, term, interest rate) to get an approximate breakdown of your loan schedule. Contact our financing specialists today to guide you through the various steps to homeownership.

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Frequently Asked Questions

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The Bahamas Mortgage Corporation (BMC) is a corporation established by Parliament to assist Bahamians in acquiring their own home.
The Bahamas Mortgage Corporation (BMC) assists in providing financial assistance to qualified applicants in areas such as: • The construction of a new home • The acquisition or development of a new or existing home • The rehabilitation or enlargement of an existing home • The acquisition of vacant land that is intended for use in the construction of a new home.
Loans are processed in the order that they are received by the Corporation. To expedite the processing of loans, applicants are encouraged to apply online.
A loan may include any of the following costs: Cost Of Land, Building Cost, Legal fees (which includes the costs of title searches and the preparation of mortgage agreements), Hazard Insurance, Premium Life Insurance, Premium Interest On Advances, Government Stamp Tax (if applicable), Utility Connection Cost, Mortgage Insurance Fees, Hurricane Protection Windows, Burglar Bars & Fencing. Note: Any of these costs may be paid separately as an alternative to the costs being included in the loan.
All persons that are steadily employed and earn sufficient income to meet mortgage payments; which includes fire, hazard, and life insurance premiums. Such persons should possess the character and creditworthiness to meet loan obligations.
The amount that can be borrowed is determined by an applicant’s income and existing financial obligations.
Applicants may apply at our office locations.
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