Are there any restrictions on the use or resale of NHDT properties once they are purchased or built?
Yes. Under the AHI program all homes are to be occupied by the homeowner and upon decision to sell the home the NHDT will have first right of refusal to purchase the property.
Under the BYOP program homeowners are not bound by the same restrictive covenants.
No. Currently NHDT programs are only available to Caymanians.
- What are the general requirements?
- A complete application form
- Proof of Caymanian nationality / Caymanian Status
- Photo ID (Passport)
- Employment letter
- What are some costs associated with home ownership?
It is important that you give thought to the cost and responsibilities involves in buying a home. Some of these costs include:
- Loan fees (initial cost)
- House insurance (monthly/annual)
- Life insurance (monthly/annual)
- Mortgage payment (monthly)
- Monthly utilities and maintenance
- If I already have land registered in my name, can I qualify for a home?
If you are currently the registered owner of a parcel of land you may be eligible to have an NHDT home constructed on your land.