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CHAPA North Sound Community

NORTH SOUND RESIDENTIAL
COMMUNITY
CHAPA has created this community to provide
affordable housing for the civil servants of
Antigua & Barbuda.
BASIC REQUIREMENTS TO BE ELIGIBLE ARE AS FOLLOWS:
• Applicants must be Antiguan citizens.
• Applicants must be or have been employed in
the government service for a minimum of five
(5) years.
• Applicants must be first time homeowners.
• All applicants must be pre-approved by
CHAPA.
NORTH SOUND RESIDENTIAL
HOUSE MODELS
CUYAGUA
The Cuyagua model is 835 square feet, single floor,
single family house, consisting of two bedrooms and two
bathrooms, living & dining room, kitchen, patio and laundry
area.
Selling price is $206,185.70 Eastern Caribbean Curreny.
CHORONI
The Choroni model is 980 square feet single floor, single
family house, consisting of three bedrooms and two
bathrooms, living & dining room, kitchen, patio and laundry
area.
Selling price is $244,025.46 Eastern Caribbean Curreny.
AROA
The AROA model is designed as a two family dwelling
(Duplex) each at 1220 square feet, consisting of three
bedrooms and three bathrooms two floors. The ground floor
consisting of one bedroom, one bathroom, living & dinning
room, patio and laundry area. The upper floor consist of
two bedrooms, two bathrooms, sitting area and balcony.
Selling price is $257,271.15 Eastern Caribbean CurrenNORTH SOUND RESIDENTIAL COMMUNITY

Northsound Residential Community Project

CHAPA has created this community to provide affordable housing for the civil servants of Antigua & Barbuda.

Basic Requirements to be eligble are as follows:

  • Applicants must be Antiguan citizens.
  • Applicants must be or have been employed in the goverment service for a minimum of five (5) years.
  • Applicants must be first time homeowners.
  • All applicants must be pre-approved by CHAPA.

Northsound Residential House Models

  • Cuyagua: 2 Bedroom, 2 Bathroom - ECD $206,185.70
  • Choroni: 3 Bedroom, 2 Bathroom - ECD $244,025.46
  • Aroa: 3 Bedroom, 3 Bathroom - ECD $257,271.15

Feautures

  • Only 10% cash equity is required. We will finance up to 90% of the cost of the property
  • Low interest rate of 7% per annum charged on a reducing balance basis
  • Maximum term up to 30 years to repay
  • Loan proceeds disbursed in accordance with purchase agreement

Benefits

  • Speedy approvals
  • No penalty for accelerated repaymemts (repayment greater than specified regular payment amount) or early loan pay-off providing the Bank is given 3 months notice.
  • Monthly deductions include 1/12 of annual life and property insurance premiums paid to insurance providers on your behalf.
  • Dedicated and knowledgeable Credit staff to counsel and assist with questions or queries.

Requirements

  • Valid Antigua & Barbuda passport/ Proof of Antigua & Barbuda citizenship
  • Job letter confirming salary and terms of employment
  • Bank reference
  • Evidence of equity (10% of the cost of the property)
  • Assigned property insurance coverage for the full replacement cost of the building
  • Assigned life insurance coverage for the full amount of the loan

Charges

  • Reduced Legal and Negotiation fees.

 

More information can be found in Northsound Residential Community Project brochure or you can Apply Today.