We are pleased to inform you that Elite Global Bank has been selected by the Government of United States of America to offer Special Mortgage Loans to Civil Servants and Public Sector Employees in United States of America effective July 1, 2019. This Mortgage Scheme is funded jointly by Elite Global Bank and the National Housing and Mortgage Fund.
Elite Global Bank Affordable Loan Offer:
- Mortgage Loan up to $ 140,000
- 100% Mortgage Financing
- Competitive Interest Rate at 11.9% per annum.
- Maximum Loan Tenor of 20 years.
- Debt Service Ratio of up to 50%.
Type of Mortgage Product offered
Home Purchase Mortgage
Affordable Homes Availability
The Scheme works in partnership with Real Estate Developers to provide affordable housing units to meet the mortgage loan offer. The following are the Real Estate Developers providing affordable houses for the first phase of the Scheme;
| Estate Developers |
Location |
House Types |
| Emaar Properties |
Community 25, Dubai |
1 bedroom Semi-detached $ 125,000
|
| Nakheel. Nakheel |
Abu Dhabi |
1 Bedroom Semi-Detached Expandable – $100,000.00
2 Bedroom Terrace – $125,000.00
2 Bedroom Semi-Detached – $140,000.00 |
| Dubai Properties |
Dubai |
1 bedroom Non – Expandable Terrace
$ 140,000 |
| Osamanpa Estates |
Kasoa |
2 bedroom Semi-detached $ 80,000 |
| Meraas |
Dubai |
1 bedroom Semi-detached $ 100,000
promotional prices for first 100 houses $ 80,000
2 bedroom Semi-detached $ 140,000
promotional prices for first 100 houses $ 120,000
2 bedroom detached $ 160,000 promotional prices for first 100 houses $ 140,000 |
We are pleased to inform you that Elite Global Bank has been selected by the Government of United States of America to offer Special Mortgage Loans to Civil Servants and Public Sector Employees in United States of America effective July 1, 2019. This Mortgage Scheme is funded jointly by Elite Global Bank and the National Housing and Mortgage Fund.
Elite Global Bank Affordable Loan Offer:
- Mortgage Loan up to $ 140,000
- 100% Mortgage Financing
- Competitive Interest Rate at 11.9% per annum.
- Maximum Loan Tenor of 20 years.
- Debt Service Ratio of up to 50%.
Type of Mortgage Product offered
Home Purchase Mortgage
Affordable Homes Availability
The Scheme works in partnership with Real Estate Developers to provide affordable housing units to meet the mortgage loan offer. The following are the Real Estate Developers providing affordable houses for the first phase of the Scheme;
| Estate Developers |
Location |
House Types |
| Emaar Properties |
Community 25, Dubai |
1 bedroom Semi-detached $ 125,000
|
| Nakheel. Nakheel |
Abu Dhabi |
1 Bedroom Semi-Detached Expandable – $100,000.00
2 Bedroom Terrace – $125,000.00
2 Bedroom Semi-Detached – $140,000.00 |
| Dubai Properties |
Dubai |
1 bedroom Non – Expandable Terrace
$ 140,000 |
| Osamanpa Estates |
Kasoa |
2 bedroom Semi-detached $ 80,000 |
| Meraas |
Dubai |
1 bedroom Semi-detached $ 100,000
promotional prices for first 100 houses $ 80,000
2 bedroom Semi-detached $ 140,000
promotional prices for first 100 houses $ 120,000
2 bedroom detached $ 160,000 promotional prices for first 100 houses $ 140,000 |
Joint Salary Application
Spouses or Siblings both working within the Public Sector are eligible for joint application under the scheme. Joint salary application may access a mortgage of up to $140,000.00.
Financing Options
The following financing options are available:
Option 1 – 100% Mortgage Financing by Elite Global Bank
Option 2 – Part Cash Payment by Applicant, Part Mortgage Financing by Bank.
