Village Scheme.
7.1 Group Scheme.
Housing Authority can finance to build a house or group of houses in the village. The loan has to be secured with Lease Rent assignment from Native Land Trust Board. In these cases the NLTB will pay Housing Authority repayments for the loan from the lease rentals which the village is supposed to receive.

Terms and Conditions.
The village/clan should own land and be recipient of lease payments from NLTB.

Requirements.
Last 3 years financial statement from NLTB
Memorandum of Trustees
Confirmation from Native Land Commission that the land belongs to the Trustees.
Approved plans

7.2 Individual.
If a person wants to build a family home in the village and owns a property in the town or city, he/she can secure this property to obtain loan to build in the village. The client has to be eligible through his income, age and the property in town should be of enough value to cover the village loans and any other loans on the same property.

Terms and Conditions.
Total of all the loans should be less than 80% of the value of the property.
Customer should own a property in town or city with title.
Interest rate of 4.45% fixed for two years and 7.99% thereafter. For existing customers 7.99% continues.
Loan term of 30 years depending on the age. Client has to be 21 years or over.
Deposit of 10% for salary deduction clients and 30% for cash paying clients. Total commitment of 35% of gross salary for income less than $25,000 per annum and 40% above $25,000.

Requirements.
Approved Plan
If self build - letter stating for self build.
Three quotations on general contract.
Certified true copy of title.
Pay slips / Statutory Declaration (Self employed)/ Income Statements / Cash flows / three years audited financial report.
Marriage or Birth certificates.
FNPF Housing eligibility statement if arranging deposit from FNPF.
FNPF Card / Passport / ID Cards.
Bank Statement for at least 6 months.
Statement of any village loan from FNPF
Application fee $27.50.