Max. Rate: 12% p.a.
incl Cedi Mortgages
Repayment Period
Up to 30 years
No Upfront Fees
T&Cs Apply

The Loan Process

Depending on where you live, what kind of mortgage you’re looking for, and your credit history, the loan process will be different for every homebuyer. There’s a lot of information to absorb and important decisions to make, which can be overwhelming at times, but we’re here to help answer your questions and show you how to buy a house.

 

WHERE SHOULD YOU START?

Understand the homebuying path ahead

Whether you’re a first-time homebuyer or you’ve purchased before, it’s a smart idea to become familiar with the home buying process and everything that’s involved. Being informed prepares you for the best experience possible.

 

Find More Information on DCANS Mortgage Website

Nobody understands the mortgage process in Ghana like DCANS Mortgage. As a dedicated mortgage platform, we help you find the perfect mortgage programme and the most savings possible.

 

Check out our Mortgage Basics, Mortgage Guide and Homebuyer Guide

Review our Mortgage Basics, Mortgage Guide and Homebuyer Guide to get an idea of what the typical loan process looks like, learn about what happens at each step, and prepare for your own homebuying journey.

 

Calculate how much you can afford

This might seem like an obvious step, but knowing exactly how much you want to spend on your house can determine which mortgage programs you qualify for. Use our mortgage calculator to get started.

 

Get pre-qualified

It’s not required, but if you get “pre-qualified” for a loan it will make the process easier down the road by ensuring your finances are in order and you have all of the correct documentation to complete the application process.

 

 

 

POSITION YOURSELF FOR MORTGAGE APPROVAL

Your credit score and/or credit history are the two most important factors that determine whether or not you get approved for a mortgage loan. This makes the process fair for every homebuyer and removes the possibility for biases or subjective opinions to impact the lender’s decision. Unfortunately, that means you won’t be able to explain small inconsistencies or convince a lender that those few missed payments were out of your control. So, how can you be sure that you look good on paper?

 

 

 

DOs & DON'TS

 

DO
Pay all your bills on time. Missed and late payments have a negative impact on your credit score and/or credit history.
Pay off your credit cards. This will lower your debt-to-credit ratio and raise your credit score
Keep records for all deposits into your accounts. Lenders want to know where your funds come from, especially if the source isn’t your employer.
DON'T
Take on any new debt. Your credit report will be pulled for large purchases like furniture and cars, which can be seen as a risk to lenders.
Close any credit accounts. This will raise your debt-to-credit ratio and lower your credit score.
Make inexplicable deposits into your accounts. Deposits from unidentified sources are red flags and cash deposits are often subtracted from your balance if you don’t have documentation.

 

 

WHAT MORTGAGE PROGRAMME IS RIGHT FOR YOU

Every mortgage programme has something different to offer, so what’s best for someone else might not be best for you. Your current needs may steer you toward one programme, while your future plans suggest another. Take some time to educate yourself about the different options we have here.

 

 

DOCUMENT CHECKLIST

Income Sources

This is how you’ll demonstrate to lenders that you receive a regular income and will be able to afford the monthly mortgage payments.

• All homebuyers must provide:

- Tax returns.

- Child support and alimony (if using income to qualify): court order, 12 months of canceled checks, or bank statements showing consistent deposits.

- Award letters for social security, pension, disability, etc.

 

• Employed applicants must provide:

- Pay stubs for the last 30 days. If your income includes overtime, bonuses, or differential pay, you may need your most recent end-of-year payroll stub.

- SSNIT statements from the last two years.

 

• Self-employed applicants must provide:

- Self-employment documentation.

- Year-to-date profits and losses.

- Year-to-date balance sheet.

- List of all business debts.

- Evidence that your business pays its debts.

 

 

Additional Assets

This is how you’ll demonstrate to lenders that you’ll be able to fund your down payment and any closing costs.

• Original bank statements for the last two months (current, savings, and investment accounts).

• Original account statements for the last two months (stocks and investments).

• Settlement statement (if using funds from the sale of a property).

• Sale of assets documentation (proof of ownership, proof of sale, proof of funds transferred/deposited).

 

 

Payment History

This is how you’ll demonstrate to lenders that you manage your finances responsibly and make your debt payments on time.

• Canceled rent or mortgage checks for the last 12 months, if not available on credit report.

• Bankruptcy discharge paperwork.

• Proof of paid off collections/judgments

 

 

Additional Documents (Optional)

• Purchase agreement including legal property description and any addendums.

• Discrepancies on credit including an explanation of discrepancies.


 

Related Pages

Founder's Message

How We Operate

Why Choose Us

Careers

BY VIRTUE OF OUR TARGET USER GROUP (SALARIED WORKERS & REGISTERED BUSINESS OWNERS), YOU ARE EXPECTED TO BE ABLE TO SPEAK, READ, WRITE AND UNDERSTAND BASIC ENGLISH TO FOLLOW SIMPLE SERVICE USE INSTRUCTIONS, OR WHERE APPLICABLE, SEEK INDEPENDENT LEGAL AND/OR FINANCIAL ADVICE FROM A QUALIFIED PROFESSIONAL BEFORE USING OUR SERVICES. PLEASE DON'T APPLY OR CONTACT US IF YOU DON'T QUALIFY. OUR 24/7 ONLINE SUPPORT COMPLIMENTS THE ABUNDANT INFORMATION ALREADY PROVIDED ON THIS PLATFORM, AND NOT TO REPEAT THE READILY AVAILABLE INFORMATION AT THE CLICK OF THE BUTTON.

MORTGAGES ARE SECURED AGAINST YOUR PROPERTY. YOUR HOME (OR COMMERCIAL PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT - REPAYMENT ASSISTANCE PROGRAMME AVAILABLE FOR QUALIFIED CUSTOMERS. ALL APPLICATIONS ARE SUBJECT TO YOUR CREDIT PROFILE AND OUR LENDING CRITERIA - THIS MEANS THAT THE AMOUNT WE WILL LEND YOU WILL DEPEND ON YOUR INDIVIDUAL CIRCUMSTANCES, THE TYPE OF PROPERTY AND THE AMOUNT YOU BORROW.

NO UPFRONT FEES REQUIRED TO USE THIS SERVICE. ALL APPLICATIONS ARE DONE ONLINE – NO PAPER APPLICATIONS, NO USELESS PRE-APPLICATION MEETINGS & NO TALKSHOP. ALL IN-PERSON MEETINGS (IN-OFFICE) ARE STRICTLY BY APPOINTMENT AND ARE ONLY SCHEDULED FOR QUALIFIED APPLICANTS IN OUR DATABASE. IT IS ADVISED THAT PROSPECTIVE BORROWERS READ AND UNDERSTAND ALL PROPERTY LOAN AGREEMENTS THAT COVER THIS SERVICE BEFORE SIGNING.

Using this digital-first platform constitutes acceptance of the terms, conditions and rules that govern our operations, so if you disagree with any of them in part or in whole, please don't use our services. Legal & Compliance provided by TLA Firm & Ghanaian Partners.

We are Non-Deposit Taking No Upfront Fee Direct Home Loan Providers (not brokers). All loanable funds are private patient capital from dedicated sustainable and reliable sources and not sourced funds from retailer depositors and/or investors or from the general public. We're Fully-Compliant: Our home mortgages are structured as Seller-Financed Mortgages (SFM), and where applicable as International Mortgages or Rent-to-Buy Mortgages, which do not require Bank of Ghana (BoG) regulation. Commercial Mortgages are also not regulated by the BoG. Prospective mortgage applicants are not restricted to buy a home from our internal partners: Property Buyer & Flipping Platfom DCANS Properties or Rent to Buy Provider RTB Ghana or Affordable Housing Builder DCANS Developments or any of our in-house home providers - however, restrictions may apply with some of our low-rate mortgages.

© 2022 DCANS Mortgage Ghana, affiliated to DCANS Mortgage UK, Institutional Investors DCANS Capital (England & Wales, CRN: 07970200) and DCANS Investments (Ghana, CRN:), Proprietary Trading Firms DCANS FX and XAU79 and Crypto81 and CityStreet Coders & Quants and Oil & Energies Trading Platform DCANS Energy, BNPL Providers DCANS Pay (Ghana) and Quid Pay (UK), No Upfront Fee Non-Deposit Taking Direct Platform Lenders Sikamaster Loans (Ghana) and Quidmaster Loans (UK), Send Now ay Later Global Remittance Platform to Africa & Beyond Moneyafrique, TDG Startup Ecosystem Platforms GhanaStartups.org and UKStartups.net and EUStartups.net, as well as Global Business Buyer Kaizer Labs and Groupwide IHB DBL UK (England & Wales, CRN: 09012597) , are all part of the AML-Compliant TDG GLOBAL CREDIT SYSTEM of The DCANS Group (TDG) Limited (England & Wales, CRN: 12645872, VAT #: GB 157 9161 82), but dual-headquartered in Ghana & the UK, which is itself affiliated to the Osei Family Office OSFO and hedgie C57H.

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