Home Loans

3 Bedroom Home

Affordable repayments, FREE Property Appraisal saving you hundreds! PLUS more! …DFC is your BEST CHOICE for home financing.

Ten Home Products

Choose from TEN (10) DFC Homeownership products! CLICK on an option below to open and view application requirements. 

If you do not have a property to build on nor do you have the 10% equity needed for a home mortgage then this product has been designed just for you!

You can get a loan to first buy land and later get the loan to build your home. When you are repaying the loan for the land purchase you will simultaneously be building the equity you need for a home construction loan. Additionally, where our other program requires you contribute 10%, which this program you contribute just 5% and the DFC provide 95% of the financing for you to build your home.

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 5% of the Land Purchase Value. (The DFC provides the other 95% of financing needed.
  • Letter from Seller of the Property
  • Land Documents – Title OR Lease
  • Up to date Property Taxes (provided by the existing property owner)

After repaying most of the Property Loan and now ready to make a Home Loan.

  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City
  • Bill of Quantities (Labor & Material Costs)

 

Important:

  • It is better to apply for the loan with the DFC and have the DFC execute the Property Transfer because you would be able to commence with construction on the property while the property is being transferred. If you execute the land transfer on your own, you would need to wait until the transfer is completed before you would be able to commence construction on the property.

You are able to get a loan to build your own home if you have your own land (lease or title) or have written authorization from a property owner to build on their property. (Eg. Family property)  If you have land to build on, here is:

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or;
  • Certified Income Statement (If self-employed)
  • 10% Contribution (DFC provides 90% of Financing) If you have a property that counts towards your 10% contribution
  • Land Documents – Title OR Lease
  • Updated Property taxes
  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City
  • Bill of Quantities (Labor & Material Costs)

 

Important:

  • If a lease land, you would need to secure a ‘Permission to Mortgage’ from the Lands Department to be able to access a loan for that property.

You are able to get a loan to purchase a property and build your own home immediately if 1.) you have the 10% contribution of the total loan amount required and 2.) you are able to meet the monthly loan repayment amount.

You are able to meet the loan eligibility amount if A.) you make enough income to be able to service the loan or B.) you borrow with another person so your combined incomes enable you to meet the loan repayment amount. If you meet these requirements then please see:

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 10% Contribution to the total loan value. (The DFC provides 90% of financing and the borrower is required to provide 10%)
  • Letter from Seller (Stating sale price and details of property)
  • Land Documents – Title OR Lease
  • Up to date Property Taxes (provided by the existing property owner)
  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City
  • Bill of Quantities (Labor & Material Costs)

 

Important:

PROPERTY TRANSFER: It is better to apply for the loan with the DFC and have the DFC execute the Title Transfer because you would be able to commence with construction on the property while the property is being transferred. If you execute the title transfer on your own, you would need to wait until the transfer is completed before you would be able to commence construction on the property.

You are able to get a loan to purchase a home immediately if 1.) you have the 10% contribution of the total loan amount required and 2.) you are able to meet the monthly loan repayment amount.

You are able to meet the loan eligibility amount if A.) you make enough income to be able to service the loan or B.) you borrow with another person so your combined incomes enable you to meet the loan repayment amount. If you meet these requirements then please see:

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 10% Contribution to the total loan value. (The DFC provides 90% of financing and the borrower is required to provide 10%)
  • Letter from Seller (Stating sale price and details of property)
  • Land Documents – Title OR Lease
  • Up to date Property Taxes (provided by the existing property owner)

Improving the home

Once you meet the contribution and loan repayment criteria described above you can also get additional financing if you would like to also improve (fence, burglar bars etc), renovate or expand the home.

If only improving or renovating the home without breaking down any exterior walls, you would only need to provide:

  • Bill of Quantities (Labor & Material Costs)

If Renovation or Expansion requires breaking any exterior walls, you would then need to provide:

  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City

Important:

PROPERTY TRANSFER: It is better to apply for the loan with the DFC and have the DFC execute the Title Transfer because you would be able to commence with construction on the property while the property is being transferred. If you execute the title transfer on your own, you would need to wait until the transfer is completed before you would be able to commence construction on the property.

You are able to get a loan to purchase a home immediately if 1.) you have the 10% contribution of the total loan amount required and 2.) you are able to meet the monthly loan repayment amount.

  1. You would need to secure the home plan for your Home-building company.
  2. The home plan and land document would need to be presented to the Central Building Authority (CBA) or local building authority (LBA) for them to approve the plans and determine the approved placement of the home on the property.
  3. A Septic plan will also be required to be presented to the CBA. or LBA.

Loan Application Requirements: 

  • Approved Building Plans
  • 10% Contribution (The DFC provides 90% of financing and the borrower is required to provide 10%)
  • Land Documents – Title OR Lease
  • Employment Letter or Certified Income Statement (If self-employed)
  • Photo ID (Social Security, Passport)
  • Up to date Property Taxes (provided by the existing property owner)

Improving the home

Once you meet the contribution and loan repayment criteria described above you can also get additional financing if you would like to also improve (fence, burglar bars etc), renovate or expand the home.

If only improving or renovating the home without breaking down any exterior walls, you would only need to provide:

  • Bill of Quantities (Labor & Material Costs)

If Renovation or Expansion requires breaking any exterior walls, you would then need to provide:

  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City

Important:

PROPERTY TRANSFER: It is better to apply for the loan with the DFC and have the DFC execute the Title Transfer because you would be able to commence with construction on the property while the property is being transferred. If you execute the title transfer on your own, you would need to wait until the transfer is completed before you would be able to commence construction on the property.

You are able to get a loan to renovate or improve your homes.

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 10% Contribution to the total project cost. ( A.] The DFC provides 90% of financing and the borrower is required to provide 10%  B.]
  • Up to date Property Taxes

Improving the home

If only improving or renovating the home without breaking down any exterior walls, you would only need to provide:

  • Bill of Quantities (Labor & Material Costs)

If Renovation or Expansion requires breaking any exterior walls, you would then need to provide:

  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City
  • Approved Building Plans – Are also required for Construction of Fences

Securing the Loan

  • 1 Guarantor = up to $7,500
  • 2 Guarantors = $7,500 to $15,000
  • Real Estate = Above $15,000

Note:

You are able to meet the loan eligibility amount if A.) you make enough income to be able to service the loan or B.) you borrow with another person so your combined incomes enable you to meet the loan repayment amount.

You are able to get a loan for an addition or expansion of your home.

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 10% Contribution to the total project cost. ( A.] The DFC provides 90% of financing and the borrower is required to provide 10%  B.]
  • Up to date Property Taxes
  • Bill of Quantities (Labor & Material Costs)

If breaking any exterior walls:

  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City
  • Approved Building Plans – Are also required for Construction of Fences

Securing the Loan

  • 1 Guarantor = up to $7,500
  • 2 Guarantors = $7,500 to $15,000
  • Real Estate = Above $15,000

Note:

You are able to meet the loan eligibility amount if A.) you make enough income to be able to service the loan or B.) you borrow with another person so your combined incomes enable you to meet the loan repayment amount.

You can get loans for Fencing, Security Systems, Window Replacements, Burglar Bars etc.

What you need to apply: 

  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 10% Contribution to the total project cost. ( A.] The DFC provides 90% of financing and the borrower is required to provide 10%  B.]
  • Up to date Property Taxes
  • Bill of Quantities (Labor & Material Costs)

If Renovation or Expansion requires breaking any exterior walls, you would then need to provide:

  • Building Plans (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City
  • Approved Building Plans – Are also required for Construction of Fences

Securing the Loan

  • 1 Guarantor = up to $7,500
  • 2 Guarantors = $7,500 to $15,000
  • Real Estate = Above $15,000

Note:

You are able to meet the loan eligibility amount if A.) you make enough income to be able to service the loan or B.) you borrow with another person so your combined incomes enable you to meet the loan repayment amount.

The DFC offers 100% financing for you to build an Energy Smart home or upgrade your home to one. Reduce or cut your electricity bill by investing in Solar Power Lighting and Solar Water Heating. Buy high-efficiency air conditioners, Insulate your home, or buy insulated windows. Buys vats to capture rainwater or invest in home biogas systems.

Loans for RE/EE are only at 6% on the reducing balance, and you repay the loan from the savings you generate.

Here’s what you need to apply: 

  • Bill of Quantities (Labor & Material Costs) provided by an Energy Service provider
  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • Property documents (Title or Lease)
  • Up to date Property Taxes

Securing the Loan

  • 1 Guarantor = up to $7,500
  • 2 Guarantors = $7,500 to $15,000
  • Real Estate = Above $15,000

The DFC offers Home Refinancing. With the DFC you would get the financing to Refinance your home PLUS additional capital to improve upon your home! We are able to only refinance the cost of the home. So if you have the cost of a vehicle, credit card, or other consumer-based loan types ‘bundled’ with your home mortgage, we would not be able to refinance your loan.

What you need to apply: 

  • Letter from your bank (Stipulating the Pay-off the balance owed)
  • Photo ID (Social Security, Passport)
  • Employment Letter or Certified Income Statement (If self-employed)
  • 10% Contribution to the total loan value. (The DFC provides 90% of financing and the borrower is required to provide 10%)
  • Land Documents – Title OR Lease (From Bank)
  • Up to date Property Taxes (provided by the existing property owner)
  • Bill of Quantities (Labor & Material Costs) – for improvements to be made to the home.
  • Building Plans – If any exterior wall is to be broken.
    (Approved by your city/town council (local building authority) or by the Central Building Authority (CBA) in Belize City

DFC has a list of Foreclosed properties for sale.

Please note that we do not provide selling price or starting bid price for the properties.

DFC foreclosed properties are sold by secret bid submissions by persons interested in the property.

Please see here for what you need to know to purchase a DFC Foreclosed Property.

Click here to see our current available Foreclosed Properties.

Unless otherwise specified in any of the above:

  1. Borrowers Contribution – DFC provides 90% of the home financing needed. Borrowers are required to provide 10%. (If you have a land or can provide labor, these can serve toward your 1o% contribution)
  2. Eligibility Amount – The amount you are able to borrow depends on the income the person/s make. You are eligible to borrow up to 190% of your gross income. Meaning, multiple all the income you make in 1 year by 190%.
  3. Increasing Eligibility Amount – To increase your eligibility amount so you can access the amount you need for the loan, Another person can borrow jointly with you. As such, their income would also be factored in enabling you to access the amount you need.
  4. No Equity or Land? If you do not have your 10% borrower contribution nor a lease or title property then you can access financing via our Buy Land Now, Build Home After Home Program. See application requirements above.
  5. Lease Land – If you want to borrow and build on a lease you would need to secure a ‘Permission to Mortgage‘ from the Lands Department to be able to access a loan for that property.
  6. Building on Family Land or Someone Else’s Property – You are able to build on someone else’s property (eg; Family land) if you have written consent/authorization from the property owner to mortgage their property.
  7. Central Building Authority Approval – CBA approved plans are required for any Home, Fencing, or other standing structure to be built on a property. If you are renovating a home but will not break any external wall, CBA approval is not required.
  8. Securing the Loan

    • Up to $7,500 required ONE guarantor
    • $7,501 to $15,000 requires TWO guarantors
    • Above $15,000 requires  REAL ESTATE as Collateral
    • Note: Consideration would be given to use 1 guarantor up to $15,000 if the guarantor is financially able to service the entire monthly loan repayment amount in the event the borrower defaults.

Calculate how much you qualify to borrow

Below is an example of how you can calculate the loan amount you would qualify for. Note that you would be able to access a greater amount with the income of additional borrowers. The amount calculated would be an indicative figure only.

Borrower 1 Borrower 2
Gross Monthly Income $2,500 $1,800
Total for all loans being re-paid $400 $350
Gross income (minus debts) $2,100 $1,450
x 12 months x 12 x 12
Total Annual Income $25,200 $17,400
Total Combined income $42,600
Eligible percentage (190%) x 190% x 190%
QUALIFIED AMOUNT $47,880 $80,940

WHY YOU SHOULD GET YOUR LOAN FROM DFC

  • We are honest and upfront with you! – No Hidden Fees!
  • We work with you and help you through challenging times.
  • Free Property Appraisal! (Save $100s to $1,000s!)
  • Reducing balance interest! We don’t raise interest rates on you!

Click here for the TOP 10 Reasons why you should choose DFC for your Business and Home Financing!

GET YOUR HOME LOAN!

Provide some initial info and a DFC Representative will contact you to discuss your loan interest or set up an appointment.

Get your 2 OR 3-bedroom starter home building plans with us!

The DFC, through the Central Building Authority (CBA), offers 2 and 3 bedroom Starter home building plans! Already Approved get yours in 1 week! Save hundreds too!; they are very affordable at just $164 and $188. Click here to see and learn more.

Cut your electricity bill!

Reduce or Cut your electricity bill by investing in Solar Power Lighting and Solar Water Heating. Also get your own water supply by Rain Water Harvesting and invest in Home BioGas. Learn more here.