Get a mortgage to acquire your dream home back here in Kenya. This facility is at competitive interest rates in KES, USD, EURO, and GBP.
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CURRENCIES:
KES Loans 20.5%
FCY Loan- 12 % (GBP, EUR, USD)
| Product | Financing model | Term |
|---|---|---|
| Single Residential Unit |
80% of property value Rental income is part of the repayment |
10 years (KES) 10 years (FCY) |
| Multiple residential | 80% of property value Rental income is part of the repayment |
10 years (KES) 10 years(FCY) |
| Plot purchase | 60% – 70% of property value | 5 years (KES) 5 years(FCY) |
| Equity Release | Maximum 80% of property value | 10 years (KES) 10 years(FCY) |
| Construction | 80% of the construction costs | 15 years (KES) 15 years(FCY) |
EMPLOYED
1. Full copy of Kenyan Passport/Kenya National Identity Card
2. Copy of Kenyan PIN certificate
3. Valid copy of Residence/Work Permit
4. Copy of recent Utility bill (gas, power).
5. Letter from Employer / Recent contract
6. Fill in and sign loan application forms
7. 6 months latest payslips
8. 6 months latest certified salary bank statements
9. Copy of title for the property
10. Registered specific Power of attorney (optional)
11. Sale agreement/Sale offer
ALL DOCUMENTS MUST BE CERTIFIED BY A RECOGNISED NOTARY PUBLIC OR CERTIFIED BY
AN APPOINTED BANK AGENT
ADDITIONAL DOCUMENTS FOR CONSTRUCTION
- Approved plans from relevant local authorities (should not be more than two years old).
- Bill of quantities from a registered quantity surveyor.
- CVs/profiles of the design team i.e. Architects, Quantity Surveyor, Engineers, and Contractor.
- Evidence of project equity contribution – i.e. the customer portion of construction costs should be evidenced by cash held, material on site, or amount already spent on the project.
PROCESSING /CLOSING COSTS
- Commitment fees – 3%
- Valuation fees – 0.75% of value
- Insurance – annual fire & life premium
- Stamp duty (land and house purchase) 2%-4% depending on the location of the property
- Download the Good Home Mortgage Property Listing – March 2024
- Download the Good Home Mortgage Property Listing – February 2024
- Download the Good Home Mortgage Property Listing – January 2024
Check out our mortgage calculator
Download Diaspora Mortgage Application Form
Features
- Buy a residential or commercial property
- Buy a plot of land
- Joint mortgage
- Mortgage top up
- Mortgage takeover from other financial institutions
- Equity release
Requirements
- A full copy of Kenyan passport / Kenya national identity card
- Copy of Kenyan PIN certificate
- A valid copy of residence / work permit
- Copy of recent utility bill (gas, power).
- Letter from employer stating employment terms
- Fill in and sign loan application forms
- 3 months latest payslips
- 6 months latest certified salary bank statements
- Draft sale agreement or offer letter
- Copy of title for the property
- Evidence of down payment / deposit
- Registered specific power of attorney (optional)
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