Home Owner’s Savings Plan

Say hello to your new home

Apply in branch

(Currently available only in Jamaica)

Buying a home can be easier and quicker than ever before when you get started with a Home Owner's Savings Plan (HOSP).

Open your HOSP today, and getting started on your homeownership journey is as easy as SET, SAVE, BUY.



Open your HOSP account and set a mortgage goal anywhere between 1-5 years, towards 5-20% of your intended mortgage.



Choose a monthly amount that works for you and let’s help you reach your goal faster!

As you save, you will enjoy:

• A preferential interest rate on your savings

• No monthly service fee

• Interest paid half yearly

• Free annual account statement

The more you save, the more benefits you unlock with a discounted mortgage rate when you’ve hit your goal.

• Save 10% of your mortgage – get a 0.15% discount

• Save 15% of your mortgage – get a 0.20% discount

• Save 20% of your mortgage – get a 0.30% discount

Remember to apply for your your mortgage within three (3) months after your HOSP is matured.



Once you reach your mortgage savings goal, you not only unlock a discounted mortgage rate, but you'll also enjoy:

• Up to 95% financing

• Up to US$5,000 (or equivalent) in additional loans towards your closing costs


HOSP gets you home faster when you buy a home through CIBC Caribbean. It is easy to get started. Once you’re 18 years or older, you’re eligible to open your very own HOSP account to start saving towards the home of your dreams.

Visit any branch of CIBC Caribbean or call 1-866-743-2257 to get started.

• Financing of the property is based on the lower of the market value or purchase price.
• Mortgage Indemnity or High Ratio Mortgage Premium is required where over 80% financing is provided.
• Financing is available for the payment of insurance and property taxes through an EasyCover Revolving Loan.
• CIBC Caribbean terms and conditions apply. Financing is subject to normal lending criteria.


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