Are you looking for Ghana home loan houses for sale? or mortgage houses for sale in Ghana?
At the end of this article, you will know all the mortgage houses for sale in Ghana and its regions, be it Accra, Kumasi, Tema, or other popular towns and regions.
Mortgages Houses For Sale In Ghana: One of the ways to raise funds for your commercial or residential projects is through mortgages.
When you buy a house without having all the money in cash, you tend to rely on the mortgage.
In Ghana, many financial institutions will help you acquire your dream home by helping you settle the payment through a mortgage.
Also, most of the real estate in Ghana allows you to acquire property through a mortgage.
But what is a mortgage in Ghana? How can you buy a house through a mortgage?
Are there mortgaged houses for sale in Ghana that you can buy?
This article will cover all these questions, so let’s dive right in without wasting much time.
What Is A Mortgage In Ghana?
A mortgage is a loan payable over an extended period, and the money can be used for various purposes, including home improvements or funding property purchases.
How Does Mortgage Work?
Here is how a mortgage works: a businessman or individual uses a mortgage to buy a house in real estate or buys real estate without the need to settle the entire purchase price.
The buyer will then repay it in a loan form with interest within a specified time frame.
The buyer will then access the real estate while still making payment.
Banks That Give Mortgages In Ghana
Some banks give mortgage loans in Ghana, and these banks are:
- Fidelity Bank
- UBA Africa
- Bond Financial Services
- Omni Bank
- Stanbic Bank
- Dalex Financing
- Societe Generale Ghana
- First National Bank
- Republic Bank
Each bank comes with its terms and conditions, and also, in Ghana, every mortgage provider has its interest rates.
Mortgage Process In Ghana
Here is the mortgage process in Ghana:
- The borrower will search for their preferred real estate and make negotiations with them.
- The borrower will then contact one of the mortgage lenders.
- The lender will request evidence to be sure the person borrowing can be able to pay the loan.
- After approval, the bank or the lender will then give the lender the amount with its interest.
- Some banks make payments to the real estate directly, and you don’t have to do anything. All you have to do is sign the agreement form and let the bank handle the rest.
- You will then move in and start paying the bank on how you choose to make the payment when signing the agreement form.
Types Of Mortgages In Ghana
There are 4 types of mortgages in Ghana, each of which comes with its terms and conditions. Here are the four types of mortgages in Ghana:
Fixed-Rate Mortgages
With this mortgage, the interest rate does not increase throughout the loan. You will still be paying the agreed interest rate amount even after years.
Adjustable-Rate Mortgage
With the adjustable-rate mortgage, the interest rate is not fixed entirely but is fixed for a certain time frame.
For example, the interest rate will be the same for five years, and then there will be a little increment after the five years if the loan is not settled.
Interest-Only Loans
These are the types of mortgages in that the borrower is asked to pay only the interest on the loans within a certain period.
After paying the interest, the borrower will have some time to pay the principal in a subsequent form.
Reverse Mortgages
A reverse mortgage involves a homeowner above 62 borrowing against the value of their home. The borrower will then receive funds as a lump sum.
Mortgage Loan Interest Rate In Ghana
Mortgage rates in Ghana depend on the type of mortgage you want, either fixed or adjustable, and the years you are willing to use to settle your loan.
The normal interest rate for all banks is between 3% – 11% if you intend to settle the payment within 10 years, but you will have to pay between 5% – 21% interest if you intend to settle the payment within 20 years.
Now that you know more about mortgages in Ghana let us cover houses or real estate so that you can buy their houses through a mortgage.
Mortgages Houses For Sale In Ghana
Here are the available mortgage houses that you can buy in Ghana. The list you are about to read is the most trustworthy and popular real estate agencies partnered with top banks providing mortgages in Ghana.
Adom City Estate
Adom City Estate is a luxury high-rise residential estate in Accra, Ghana.
The development comprises two towers with 52 modern and colorful apartments designed and crafted to the highest standards of comfort and luxury.
The estate is known for Its spacious, sprawling building on spacious land to offer pleasant living.
With the assurance of excellent security and attention to detail, this development will ensure buyers enjoy a safe and comfortable lifestyle within a peaceful environment.
Adom City real estate houses have a price range starting at GHS 605,789.
Adom City Estate House Prices
Below are some of their available houses for sale at Adom City Estate:
| Location Of Land | Price |
| Kasoa | GHS 50,000 |
| 2Bedroom Semi-Detached – Phase 5A Tema | GHS 51,000 |
| Adom City – B Greater Accra Region | GHS 220,000 |
| Phase 1A Tema Ningo Prampram District | GHS 170,000 |
Adom City Mortgage Partners
One thing that makes Adom real estate stand out is that they work with many banks in Ghana and allow you to buy their houses through a mortgage.
Below are the banks Adom City has partnered with:
- Absa Bank
- First National Bank
- Ghana Commercial Bank
- Prudential Bank
The Paradise Estate
The Paradise estate belongs to Swami India Ghana, known for most of the beautiful real estate and architectural buildings in Ghana.
The company has been in business in Ghana for quite a long now. One thing that makes people buy their house is how they make it easy for buyers to make payments through a mortgage.
They have flexible payment rules, which give the buyer enough time to settle the payments.
Paradise estate house prices range from GHS 864,654 to GHS 1,985,700.
Paradise Estate Mortgage Partners
- First National Bank
- Republic Bank
- Absa Bank
- Stanbic Bank
Paradise Estate House Prices
| Units | Price In Cedis |
| Type A House | GHS 2,301,459 |
| Type B House | GHS 1,669,452 |
| Type D House | GHS 1,271,964 |
Appolonia City (The Oxford)
Appolonia City Estate comprises first-class buildings and has served Ghana over the years.
Appolonia City Estate provides a range of quality homes, including apartments and duplexes.
They have a mix of one and two-bedroom properties suitable for singles or couples with children.
Types Of Homes You Can Buy At Appolonia City
There are three types of homes in Appolonia City, and they are:
The Walton – 2 or 3 bedrooms
The Walton Features:
- Panic Alarm System
- Plasterboard Ceilings
- En-suite Master Bedrooms
- Air-condition & Water Heater Preparation
- UPVC Casement Glass Windows
- Kitchen with Pantry Area
- Kitchen Cabinets with Quartz Worktop
- Contemporary Hidden Roof Design
- Visitor’s Washroom
- The Eaton – 3 bedrooms
The Eaton
The Eaton Features:
- Contemporary Hidden Roof Design
- Plasterboard Ceilings
- En-suite Master Bedroom
- Visitor’s Washroom
- Kitchen with Pantry Area
- Kitchen Cabinets with Quartz worktop
- Air-condition & Water Heater Preparation
- UPVC Casement Glass Windows
- Panic Alarm System
- The Bartons – 4 bedrooms
The Barton
The Barton Features:
- Visitor’s Washroom
- UPVC Casement Glass Windows
- Kitchen with Pantry Area
- Air-conditioning Units in all rooms
- Kitchen Cabinets with Quartz Worktop
- Contemporary Hidden Roof Design
- Plasterboard Ceiling
- En-suite Master Bedroom
- Panic Alarm System
Houses at Appolonia city range from GHS 596,448 to GHS 1,153,656. Let us check the prices out.
Appolonia City House Prices And Location
| Units | Price In Cedis |
| The Walton | GHS 596,448 – GHS 659,232 |
| The Eaton | GHS 753,408 |
| The Bartons | GHS 1,153,656 |
Appolonia City Mortgage Partners
Appolonia city estate works with the best banks that offer home loans. These banks in Ghana are:
- Ecobank
- HFC
- Stanbic Bank
How Appolonia City Mortgage Payments Are made
Appolonia City allows you to make payments through a mortgage within 6, 12, or 18 months.
The number of payments you will make depends on the timeframe you have chosen to settle the payments.
Here Are Their Payment Plans
| When You Choose To Pay In 6 Months | When You Choose To Pay In 12 Months | When You Choose To Pay In 18 Months |
| 40% | 20% | 20% |
| 40% | 40% | 15% |
| 20% | 40% | 15% |
| 15% | ||
| 20% |
Real Estate With Flexible Payment Plans
Homes are becoming expensive daily, and these real estate agencies know about that.
Because of this, many of them allow you to pay through mortgages, and above all, they also have flexible payments.
Now we will cover real estate with flexible payment plans so that it will be easy for you to acquire your dream home.
Ayi Mensah Park
Ayi Mensah Park is known for its awesome building designs. The company has houses across Ghana and is known to be the best real estate company that offers flexible payment.
Ayi Mensah Park Payment Plans
Below are their payment options
| Purchase date | Standard Plan | Alt. Plan | Plan 2 |
| 3 months | n/a | Payment 2: 30% | Payment 3: 25% |
| 5 months | Payment 2: 20% | n/a | n/a |
| 8 months | n/a | Payment 2: 20% | Payment 3: 25% |
| Pre-delivery inspection | Payment 3: 30% | Payment 4: 20% | Payment 4: 25% |
| Upgrades & additional charges | Final delivery | Final delivery | Final delivery |
Trasacco Estates
Trasacco estate houses some of the country’s wealthiest figures because of its awesome designs and environments.
The estate is quite expensive, but if you have been searching for houses for sale in Accra, Ghana, and want to live in a place with many celebrities and public figures, then you can design to get yourself a house in this real estate.
They also have a flexible payment plan. Here is the payment plan for the Trasacco estate.
Trasacco Estates Payment Plans
| Payment Date | Amount (Cedis)/Percentage |
| Initial deposit | GHS 70,00 |
| Every 3 months | Pay 25% |
| Upon completion | Pay remaining balance |
Lakeside Estate
Lakeside is known for building affordable houses, and because of this, they also make it easy for buyers to buy their houses.
Lakeside Estate Payment Plans
| 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 |
Frequently Asked Questions
The price of a house in Ghana ranges from GHS 1,454,241 to GHS 14,000,000. The price of the house depends on the location, type of house, and mode of payment.
Conclusion
Now it’s easy to buy a house without having the full cash. You can easily buy your dream house through a mortgage and then pay later while living in the house.
In this article, we covered mortgages and houses for sale. Before covering that, we dived into the meaning of mortgages in Ghana, and the types of mortgages, and then also covered real estate that offers flexible payment methods in Ghana.
For more house prices, you can read our guides on HFC house prices, Adom houses, and Adom land prices.
You can also check out real estate companies in Ghana and real estate companies in Kasoa if you want to reside in Kasoa.
