Can You Get a Mortgage in Ghana? Expert Advice for the Diaspora

I asked Fidelity Bank exactly how a diaspora buyer gets a mortgage in Ghana. The full process, the rates, the paperwork and the timelines, answered on camera.

The question I am asked more than almost any other is how to buy property in Ghana without having all the money up front. Most diaspora buyers do not realise mortgage financing is available to them at all, or assume the rates make it pointless. So I sat down with Abdul Razak from Fidelity Bank to go through it properly.

He explains the four facilities available. Home purchase, financed up to 80 per cent with a 20 per cent equity contribution from you. Equity release, where you take up to 70 per cent of the value of a Ghana property you already own as cash. Home improvement, also up to 70 per cent, for renovating or extending, including adding a room to let out. And serviced plot financing at 80 per cent over six years if you want to build rather than buy.

On rates: he quotes 14 per cent per annum for cedi mortgages and 11 per cent per annum for diaspora foreign currency mortgages, with a stated willingness to look at better than that for applications coming through me within six months. Cedi mortgages run up to 20 years, foreign currency up to 15.

We go through the whole application. The offer letter or sale and purchase agreement from your developer, three months of payslips, six months of bank statements, a credit report, proof of residence and identity. Five working days to assess and approve, then five more to disburse once conditions are met. Two insurances are required: mortgage protection covering critical illness, disability and death, and property fire and natural disaster cover.

He also answers the questions people bring me constantly. Whether non-Ghanaians can borrow, and what counts as ties to Ghana. How you service a mortgage from the UK, US, Canada or Europe through a virtually opened Ghana account. What happens with off-plan purchases, where repayment only begins one month after the developer hands over. Minimum age of 21, employment or business income required, and what business owners need to show if they do not pay themselves a salary.

If you have been putting off buying property in Ghana because you assumed you needed the full purchase price in cash, this conversation changes what is possible.

Comment MORTGAGE and I will connect you with the Fidelity Bank diaspora mortgage team.

Subscribe for weekly Ghana real estate breakdowns, and tell me in the comments: what is your biggest question about mortgages in Ghana?

FREE RESOURCES
Ghana Property Secrets: diasporatohome.com/explore
Buyer's Checklist: diasporatohome.com/checklist
Book a Free 15-Min Call: diasporatohome.com/book-call

Follow me: @lorrainehwright on Instagram, TikTok and LinkedIn
Website: diasporatohome.com

Filmed at Greenwich Park, with thanks to Indigo Homes for the space.

ABOUT ME
I am Lorraine Wright MBE, a licensed real estate broker in Ghana. I help diaspora buyers in the UK, US, Canada and Europe buy property in Ghana safely. I have guided over 500 investors.

DISCLAIMER: This is educational content, not financial, mortgage or legal advice. All rates, terms, timelines and requirements are those stated by Fidelity Bank on camera at the time of recording and are subject to change, to status and to the bank's own assessment. No facility, rate or approval is guaranteed. Lending decisions rest entirely with the bank. Fidelity Bank and Indigo Homes are partners of Diaspora to Home and I may be remunerated in connection with introductions. Always obtain independent financial and legal advice before entering into any mortgage or property transaction.



0:00 Unlocking Property Ownership in Ghana
1:30 Understanding Mortgage Financing Basics
2:32 Exploring Different Mortgage Products
5:58 The Step-by-Step Application Process
11:46 Breaking Down Interest Rates and Costs
21:00 Five Reasons to Choose Fidelity Bank

#GhanaRealEstate #GhanaMortgage #BuyingPropertyInGhana #DiasporaInvestment #FidelityBank