Buying a home outright can be expensive. Which is why mortgages or home loans are helpful to make the required down-payment on property. If you’re looking to buy a home in Ghana, and pay in installments and/or over a period, this post provides an up-to-date list of houses for sale in Ghana with mortgages and flexible payment terms available.
It highlights real estate with finance options from mortgage providers such as Republic Bank, CalMortgage, First National Bank, Stanbic Bank, Absa and more.
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Mortgage Houses/Properties in Ghana
Below is a list of mortgage houses available for sale in Ghana, from top, trustworthy real estate developers. Most of these developers are open to mortgage loan facilities from financiers such as First National Bank (formerly Ghana Home Loans), Republic Bank (HFC), Absa Bank, Stanbic Bank and Ecobank.
Adom City Estate
Adom City Estate offers a range of competitively priced homes located in Ghana’s harbour city, Tema and Kasoa, a rapidly developing neighbourhood that connects Greater Accra and Central regions and Kuntunse, within the area collectively referred to as East Legon Hills.
Prices
| Description | Location | No. of Bedrooms | Price |
|---|---|---|---|
| Executive | Tema | 4 | GHS600,000 |
| Executive | Tema | 3 | GHS360,000 |
| Executive | Kasoa | 3 | GHS320,000 |
| Standard | Tema | 3 | GHS320,000 |
| Standard | Kasoa | 3 | GHS280,000 |
| Executive | Tema | 2 | GHS270,000 |
| Executive | Kasoa | 2 | GHS240,000 |
| Standard | Tema | 2 | GHS240,000 |
| Standard | Kasoa | 2 | GHS220,000 |
Adom City Mortgage Partners
Adom City offers mortgages to help more Ghanaians own their own homes. Below are the mortgage partners facilitating loans on Adom City homes.
- Prudential Bank
- First National Bank
- Ghana Commercial Bank
- Absa Bank
The Oxford at Appolonia
Appolonia is described as world-class mastered planned city in Accra. Within the city is The Oxford, a “self-sustaining” residential estate of 600 houses across a total area of 20 hectares, aimed at the middle-class, with houses starting at GHS513,300.
Prices
| No. of Bedrooms | The Walton | The Eaton | The Barton |
|---|---|---|---|
| 2 | GHS513,300 | ||
| 3 | GHS579,000 | GHS654,900 | |
| 4 | GHS1,032,500 |
The Oxford offers both mortgage and self-finance options.
Appolonia Mortgage Partners
The Oxford facilitates mortgages from all mortgage providers in Ghana. These include:
- First National Bank
- Ecobank
- Republic Bank
- Absa Bank
- Stanbic Bank
The Oxford Self-Financing Plans
You will be required to pay the cost of the house within 6, 12 or 18 months. The number of payments and the percentage to pay are dependent on the duration. Below are the Appolonia payment plans.
| 6 months | 12 months | 18 months |
|---|---|---|
| 40% | 20% | 20% |
| 40% | 40% | 15% |
| 20% | 40% | 15% |
| n/a | n/a | 15% |
| n/a | n/a | 20% |
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Swami India Ghana
Swami India is a residential property developer in Ghana responsible for the Paradise Estate gated community located at East Legon Hills and the upcoming Solaris Luxury Apartments in Osu. The developer has flexible payment terms as well as mortgages.
Swami India Mortgage Partners
- Absa Bank
- Stanbic Bank
- First National Bank
- Republic Bank
Solaris
Solaris is a luxury residential development featuring 133, 1 & 2 bedroom apartments located at Ringway Estate, Osu, one of the most connected and prime locations of Accra. This development is being built by Swami India Ghana Limited.
Solaris Pricing
| No. of Bedrooms | Range |
|---|---|
| Studio | $101,640 – $145,200 |
| Premium Studio (2) | $120,000 – $170,000 |
| Premium Studio (1) | $126,000 – $178,500 |
| 1 Bedroom | $165,600 – $201,600 |
| 1 Bedroom (with parking) | $190,800 – $237,600 |
| 2 Bedroom | $223,680 – $307,560 |
Solaris Self-Financing Plans
| Plan | 21 days from reservation date | 60 days from reservation date | Equal Monthly Payments |
|---|---|---|---|
| Standard | 20% | 20% | 80% (spread over equal monthly payments) |
| Down Payment | 20% | 30% | 50% (spread over equal monthly payments) |
| Outright Purchase | 20% | 80% |
Paradise Estate
Paradise Estate is a gated community of gorgeous yellow estate houses located at East Legon Hills, Katamanso. The estate features 3 distinct house types, Type A, Type B and Type D.
Spread over a dozen acres of lush green parks and gardens, located in East Legon Hills, Katamanso, Swami India Ghana Limited’s Paradise Estate is what you want to come home to after a long day of work.
Paradise Estate Houses Pricing
| Unit | Price (GH¢) |
|---|---|
| Type D (3 Bedroom) | GH¢766,410 |
| Type B (3 Bedroom) | GH¢1,032,500 |
| Type A (4 Bedroom) | GH¢1,708,050 |
Paradise Estate Self-Financing Plans
Payment plans here require an initial $5,000 booking deposit and then a percentage of the cost of the house.
| Plan | 21 days from reservation date | 6 -12 months | via Mortgage |
|---|---|---|---|
| Standard | 20% | 80% | |
| Mortgage Payment | 20% | 80% (spread over equal monthly payments) |
Houses with Flexible Payment Plans
Homes are expensive and developers understand this. Which is why they’ve set up flexible payment plans in addition to mortgages to enable you own a home. Each developer has their unique model but they generally all begin with a 20% initial deposit. Below is a list of houses with competitive payment options for prospective property buyers who interested in self-financing.
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Ayi Mensah Park
| Payment Date | Standard Plan | Alt. Plan 2 | Alt. Plan 3 | Mortgage Plan |
|---|---|---|---|---|
| Purchase Date | Payment 1: 40% | Payment 1: 30% | Payment 1: 25% | Payment 1: 20% |
| Month 3 | n/a | Payment 2: 30% | Payment 2: 25% | Payment 2: 20% |
| Month 6 | Payment 2: 20% | n/a | n/a | n/a |
| Month 8 | n/a | Payment 3: 20% | Payment 3: 25% | Bank Facility Letter |
| Pre-Delivery Inspection | Payment 3: 30% | Payment 4: 20% | Payment 4: 25% | 60% Mortgage Disbursement |
| Upgrades & Additional Charges | Final Delivery | Final Delivery | Final Delivery | Final Delivery |
The Signature
The Signature is a spectacular collection of luxury apartments set on twin towers located opposite the Accra Mall. The Signature has a distinct design inspired by Mframadan, an Adinkra symbol denoting resilience, strength and sturdiness.
| Payment Date | Amount/Percentage |
|---|---|
| Initial Deposit | $3000 |
| Every 3 months | Pay 20% |
| Completion | Pay remaining balance |
The Dromo
The Dromo is a gated development of modern terraced 2 & 3 bedroom townhouses located at Adenta and Haatso. The Dromo is developed by Signum Development.
Pricing
Pricing for The Dromo starts from $85,250 up to $123,500.
| No. of Bedrooms | Cost |
|---|---|
| 2 bedrooms | $82,500 |
| 3 bedrooms | $121,000 |
| 3 bedrooms (+roof terrace) | $123,500 |
The Dromo Payment Plan
| Payment Date | Amount/Percentage | Progress |
|---|---|---|
| Initial Deposit | 30% | Up to roof level |
| After 6 months | Pay 30% | When roof is cast |
| Pay 30% | When finishes are being installed | |
| Completion | Pay 10% | Handover |
Lakeside Estate
Lakeside Estate is a real estate company in Ghana specializing in provision of affordable housing. Lakeside builds homes to cater for the residential needs of young families professionals in Ghana.
Lakeside Estate Payment Plan
| Status | Amount/Percentage | Progress |
|---|---|---|
| One-time Purchase | 100% | Completed |
| Initial Deposit | Pay 50% | Starter home |
| Second Payment | Pay 40% | Roofing level |
| Final Payment | Pay 10% | Handover |
Home finance shouldn’t be a hurdle to owning real estate in Ghana. Hopefully, this post on mortgages has guided you on what is possible when acquiring a home loan. This page will be constantly updated to reflect new houses for sale in Ghana with mortgages as well as update with existing ones that weren’t captured.
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Mortgage Calculator
Ready to take a mortgage for your dream home? Consider using our mortgage calculator which will help you determine how much financing you can get and how much you have to pay back and for how long factoring in interest rates, taxes and your initial down payment.
Mortgage FAQs
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How do I get a mortgage for a house in Ghana?
Find out the payment terms of the house you’re interested in. If mortgages apply, get in touch with any of the mortgage providers in Ghana and check for pre-approval.
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What do I need to acquire a mortgage in Ghana?
1. Must be between 18 – 55 years old
2. Have a good credit history (no record of bad debts)
3. Be able to provide sufficient security/collateral for the home loan
4. Verifiable income/employment
5. Be able to pay the initial deposit and show financial ability to repay over the period. This won’t be more than 40% of your salary.
6. A completed and signed mortgage application from your preferred mortgage lender
7. An offer letter from the Real Estate Developer.
8. Property documents including title documents to the property, copies of the site plans, and approved building plans -
Which bank in Ghana has the lowest interest rate on home loans?
Republic Bank (HFC Mortgage) seems to have the lowest interest rate on mortgages in Ghana at 11.9% for Public Sector Home Loans and 24% for Normal Mortgages (Cedi calculations) and 11.5% on dollar calculations.
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Can I use my house as collateral to buy another house?
Yes.
Adom City Estate
Capemay Properties
Home finance
Lakeside Estates
Mortgages
Signum Development
The Oxford
I'm Kadi Tay and I write about different things, real estate is one of them. The plan is to make real estate info fun by kicking out Mr. corporate stiff. So don't be surprised if you see a Kwesi Arthur reference somewhere. I promise it'll make sense. When I'm not working magic here, you'll find me talking geek stuff in Africa, travelling with my buds, highlighting young people killing it, talking about life and adulting, or doingrandom things.
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3 replies on “Mortgage Houses for Sale in Ghana (2021)”
Good afternoon
I am looking for a three bedroom apartment in Ghana -Accra but to pay in instalment and want to spend like
30 000 to 35000$ If there is any like that thanks
Is it possible for me to get get a house in Ghana and pay in installments if I don’t reside in the country ?
Hi Don,
Yes it is. You’ll need to speak to the bank and the developer and come to an agreement.
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