What is the maximum property value for the MIP loan?
The maximum property value for the MIP loan is HK$10 million for
completed residential properties and HK$6 million for properties under
construction.
What is the maximum tenor for the MIP loan?
The maximum tenor for the MIP loan is 30 years.
| Mortgage Insurance Programme | |
|---|---|
| Mortgage Type | New mortgage for primary market properties (completed or under construction*) and secondary market properties, refinancing and cash-out refinancing |
| Maximum Property Value | HK$10,000,000 |
| Property Type | Regular property types and village-type houses# |
| Maximum Loan Tenor | 30 years |
| Eligibility | Personal Customers and Self-use residential properties |
| Premium (can be financed with the mortgage loan in one lump sum) | A mortgage insurance premium is required |
| Cash-Out Refinancing | Loan-to-value ratio up to 80%, cap at HK$4,800,000 |
#A loan-to-value ratio of up to 80% can be offered for selected village-type houses.
The above information is for reference only. Final approval is subject to the decision of the Hong Kong Mortgage Corporation Limited.
Source: “FAQ” of “The Hong Kong Mortgage Corporation Limited” website.
For details, please contact our Mortgage Consultant.
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