Mortage Products
Home Purchase Mortgage-HPM
Group Scheme Construction   Stage Payment
Home Completion Mortgage-   HCM
Home Improvement Mortgage –   HIM
Home Equity Mortgage- HEM
Buy Land and Build own Home   Mortgage - BLBH
Construction Finance Mortgage   (CFM)
Construction Stage Payment   Mortgage (CSPM)
Mortage Products :
Home Purchase Mortgage-HPM
The Product:
The HFC Home Purchase Mortgage is designed to assist individuals and companies to purchase residential properties for their own use or for investment purposes.
The maximum loan amount is USD$120,000or its equivalent in Leone.
The maximum term for this facility is 20 years for both Flexible repayment loans and standard conventional reducing balance loans for resident Sierra Leoneans and 10 years for Non-resident Sierra Leoneans.
Application Requirements:
  • Must be between the ages 18-60 years.
  • Must provide proof of employment and income.
  • Must provide two satisfactory proofs of ID and address.
  • Must have good credit history and should qualify for a loan exceeding the price of the house.
  • Must be qualified to own property in Sierra Leone.
  • Proof of relationships is required for Joint application for husband and wife, parents and children, siblings.
Maximum Loan USD $120,000 or its Leone equivalent USD $120,000 or its Leone equivalent
Minimum Down Payment 20% 30%
Maximum Term 20 years 15 years
Processing Fee 1.5% of proposed loan US$250 / GBP150
Facility Fee Nil 1% of proposed loan
Deposit against Statutory Fees (towards registration of legal documentation) - 3% of loan Amount 3% of loan Amount
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