You may be moving into your new home sooner than you think!
Bank of Bermuda has designed the Home Start Mortgage to provide 100% financing for first-time homebuyers. With our new Home Start Mortgage it's possible to borrow an amount equal to the entire value of the property you wish to purchase, up to $1,000,000. And make interest-only payments for the first 3 years.
Start packing!
Key features and benefits
- 100% financing up to $1,000,000; which can include bank and legal fees
- Available for up to a 30-year term
- Interest-only payments for the first 3 years, with the flexibility to also make principal and interest payments
- For first-time homebuyers only
- Ability to purchase a property as a residence or as an investment
- Payments may be made in BMD or USD
Next steps:
Need more information?
- Calculate your mortgage payments
- Email the Personal Lending Centre
- Drop by our new Personal Lending Centre at 26 Reid Street in Hamilton
- Call 299-5959, option 5
What you should know before you apply...
- You will need to establish a Bank of Bermuda Personal Chequing or Statement Savings account
- Initial fee of 1% of the amount borrowed
- View our Personal Banking fee schedule
