Mortgage Pre-Qualification Application Form

1) Buyer Profile

Gross Monthly Income Before taxes; include steady rental/bonus income if applicable.

Monthly Debts Minimum payments: credit cards, auto, student loans, alimony, etc.

Max Back-End DTI Cap Back-end DTI = (Housing + Debts) ÷ Income

Interest Rate (Annual %)

Loan Term (Years)

Currency

2) Property & Down Payment

Target Property Price (optional) If entered, we’ll show the payment for this price.

Down Payment (%)

Monthly Property Tax (optional)

Monthly Home Insurance (optional)

Monthly HOA/Condo Fees (optional)

Mortgage Insurance (annual %, optional) Set if your lender requires MI/LMI (often at <20% down). Leave blank for none.

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Maximum Purchase Price

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Based on your DTI cap, rate, term, and monthly costs.

Estimated Monthly Payment

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For your target price (if provided) or max price.

Back-End DTI After Mortgage

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Housing + debts vs income (cap: 40%).

Required Down Payment

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At your selected down-payment percentage.

Heads up These are estimates for planning only and not a lender commitment. Real terms depend on your bank, credit profile, and property type.

Quick Tips for Bahamas Buyers

BSD is pegged 1:1 with USD. Most lenders quote rates in either; choose what fits your situation.
DTI is a key driver of how much you can borrow. Lower debts = higher affordability.
Condo fees and insurance meaningfully affect your monthly payment—don’t forget to include them.
If your down payment is under 20%, your lender may charge a mortgage insurance (MI/LMI) premium. Enter an annual % if applicable.
Ask about local incentives and relationship rates available through your Bahamian bank.

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This tool is for educational purposes. Calculations assume fixed-rate amortization with equal monthly payments. Taxes/fees vary by island, property type, and lender policy.