The vision of the Jamaica Mortgage Bank is to finance safe and affordable housing so that all Jamaicans will have access to home ownership.

 

The JMB, a statutory organization under the Ministry of Economic Growth & Job Creation (MEGJC), operates in three business areas:

Primary Market Financing which deals with construction financing through mobilization of loan funds for on-lending to public and private sector housing developers and other lending institutions.

Secondary Mortgage Market through which partnerships are established with mortgage-lending institutions to facilitate the JMB purchasing mortgages originated by the institutions.

 

Mortgage Indemnity Insurance which the JMB administers on behalf of the government of Jamaica and involves insuring the upper portion of mortgage loans made by approved financial institutions to purchasers of residential dwellings, residential lots and agricultural properties.