A 100% mortgage (100% LTV) is a way of borrowing the money you need to buy a home without paying a deposit. A deposit is the money you pay towards your home (to the property seller and NOT to us) before your mortgage starts. Most lenders ask for a deposit that's at least 20% of the purchase price.
Although putting down a deposit has many benefits, the 100% home loan presents first-time home buyers, who may have limited resources, with a viable way into the property market. At DCANS Mortgage, we offer 100% mortgages for qualified prospective homebuyers whose monthly repayments can pay off the mortgage over the loan term. We are willing to approve 100% mortgages if we can see that you have a clean credit history and can comfortably afford the monthly repayment instalments. Early employment with high household incomes coupled with more active working years would typically find this zero deposit mortgages useful and relieving.
How it works
If you're buying a home worth GHS200,000, we do not provide any down-payment.
Features / Benefits
• Only available for First-Time Homebuyer Owner-Occupiers. Not valid for the purchase of investment properties.
• Maximum qualify home price of GHS1.2m (approx. $200,000)
• Only applicable when buying from any of our in-house and/or pre-approved home providers.
• 100% financing is not available for Refinance or Remortgaging.
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