How Much is a Downpayment on a House in Ghana?

How much is a down-payment on a house in Ghana? Typically, a down payment for a house purchase in Ghana is 20% of the total property purchase price. However, down-payment on a house in Ghana can vary depending on various factors, including the cost of the property and the agreement between the buyer and the seller or the terms set by your mortgage bank in Ghana. Property buyers in Ghana are cash buyer. Only 0.8% use mortgage banks to finance their home purchase in Ghana.

Who are top mortgage lenders in Ghana?

The following banks are leading mortgage lenders in the market:

Absa Bank
Cal Bank
Stanbic Bank
Republic Bank
EcoBank
Fidelity Bank
Universal Merchant Bank (UMB)
First National Bank

Generally, it is common for buyers in Ghana to make a down-payment of around 20% to 30% of the property’s total value. But you should be prepared to provide a load of documents in order to get approved. However, it’s important to note that the down-payment are not fixed and can be negotiated between you and your lender.

Additionally, some lenders may require a higher down-payment percentage, especially for individuals who may be considered higher-risk borrowers. Banks are there to give loans at the same time avoid any risk of default of the browser.

That said, if you are buying your house from property developer, you can work out your payment plans that is flexible and require no documents. You will be paying in trenches depending on the plan or terms both parties agreed on. Do you know you can own a home without going to the bank? That is right. If you want flexible payment plan that fit your current financial circumstance with real estate developer in Ghana, get in touch with us.

BECOME A HOME OWNER IN A GREENERY & SOLAR-POWERED GATED COMMUNITY @KWABENYA

Imagine seeing your kids running around on playground with their friends in the safety of this greenery and lush landscape beautiful, gated community. How comfortable and refreshing will that be? Exactly!

Are you looking to buy your dream home or an investment property for cashflow purposes in Ghana? Are you a westerner planning to make Ghana your next home and looking for African homes for sale? Perhaps you may be worried of the hassle to go through to build yours, we have got you covered. Buying a home from a developer is more secured because we have done all the hard work and due diligence on the land and it has pass the process. Your only job is to own it by reserving your home today.

La margo Villas, is upcoming greenery, lush landscape, eco-friendly, and renewable energy gated community in the beautiful, picturesque hillsview of Kwabenya, Accra featuring townhomes and apartments. Our residence will enjoy energy reduction on utility bills, worldclass amenities , and facilities such as clubhouse, multi-purpose tennis court within the community and most importantly, flexible payment plans. Let’s help you own your dream home. Get in touch with us.

La Margo Villas Neighbourhood Snapshot

Kwabenya is a residential community located in the Ga East Municipal District of the Greater Accra Region. The area is well connected to major roads and highways, making it easily accessible from other parts of the city. It is an ideal area for real estate investment and an emerging sub-market for those who want to escape excessive noise of Accra. Get in touch with us to reserve your dream home today right here. Read also: The 9 Advantages Of Living In A Gated Community In Accra

Take Away

Are you African diasporan or a foreigner looking to make Ghana your next home or local looking for professional real estate service provider in Accra Ghana? Villashark’s one-stop-shop diaspora services has got you covered. Check out our services packages and choose the plan that best fit you. If you have any questions feel free to contact us.

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