HomeNow™ Mortgage
Product Overview
HomeNow™ Mortgage is Global Trust Mortgage Bank’s flagship digital mortgage product designed to provide fast, secure, and convenient access to home ownership for qualified buyers. Built on NMRC-compliant underwriting standards, HomeNow™ delivers a fully digital experience with 24-hour mortgage disbursement for move-in ready properties on our pre-approved list.
Key Features
- 24-hour digital mortgage disbursement
- Available only on pre-approved property list (vetted for title, valuation, location, and marketability)
- Slightly reduced equity requirement (minimum 35-40%)
- Compulsory purchase of LifeShield™ Mortgage Insurance (covers death, job loss, disability)
- Compulsory fixed deposit of 3–6 months repayment in an interest-yielding escrow account
- Fixed-rate mortgage with transparent pricing and tenure (2-12 years)
- Instant digital fund transfer to verified property developer or seller
- Paperless documentation and e-signature integration
- In-app application tracking and support
- Fully NMRC-compliant underwriting with guaranteed secondary market refinancing
Eligibility Criteria
Applicants must meet the following minimum requirements in line with NMRC standards and internal GTMB policies:
- Minimum verifiable income of ₦250,000/month
- Employment status: Full-time salaried staff or business owners with 24-month operating history
- Maximum age at end of mortgage: 60 years
- Clean credit history with minimum credit score of 650
- BVN and NIN verification completed
- Satisfactory debt-to-income ratio not exceeding 40%
- Must choose from GTMB pre-approved housing list only
Underwriting and Approval Process
HomeNow™ underwriting adheres strictly to NMRC standards and incorporates digital automation at every stage:
1. Application submitted via mobile/web app
2. Instant BVN, NIN, employment and income verification
3. Automated credit check and risk scoring
4. Collateral review (pre-approved property list)
5. Valuation cross-check
6. Issuance of Offer Letter
7. Disbursement within 24 hours of acceptance
Compulsory Insurance: LifeShield™
All HomeNow™ customers are automatically enrolled in LifeShield™ Mortgage Cover — a mandatory bundled product that protects both borrower and lender against life’s uncertainties. Premiums are factored into the monthly repayment. Coverage includes:
– Loss of job (up to 12 months coverage)
– Death and total permanent disability
– Hospitalization waiver
Competitive Edge
⚡ 24-hour loan disbursement (fastest in market)
🏦 Pre-screened, verified homes eliminate title and valuation delays
📱 100% digital from application to offer letter
🔐 Includes mandatory insurance and reserve fund for repayment confidence
🌍 Accessible to Nigerians in diaspora with verified income streams
📊 Fully compliant with NMRC for liquidity recycling
