• Social Security & Housing Finance Corporation
  • 61 Ecowas Ave, Banjul
  • (+220) 422-2271

Types of Mortgage Products

SSHFC offers a fixed rate mortgage.

What is the process?

If you are interested in a SSHFC mortgage, then you will need to follow the steps below:

  1. Go to the SSHFC Cashier at the Head Office and purchase a SSHFC mortgage application form.
  2. Correctly fill all the requirements in the mortgage application form by providing the following information:
    • Personal Details
    • Residential Status
    • Bank Details
    • Employment Information
    • Plot/House Ownership
    • Declaration
  3. To increase the chances of your mortgage application being successful you should ensure you are able to comply with the terms and conditions:
    • You must provide proof of Gambian Nationality.
    • You do not own another landed property in Greater Banjul area or Brikama and its immediate surroundings.
    • You must provide documentary of your ability to make monthly repayments which starts one month after allocation and should be regular up to the end of the repayment term.
    • You will build on the plot a residential dwelling house fit for immediate occupation within 3 years of allocation;
    • You submit the architectural plans for the dwelling for approval to the relevant authorities before you embark on the construction of your dwelling houses.

    N.B If you fail to comply with the terms of this Agreement, your application will not be granted. If you breach any of these terms and conditions after the approval of your mortgage and this is discovered, the Corporation will have the right to re-entry.

    Also note outright purchasers of house/ serviced plot are not affected by the conditions 1-3. Non-Gambian nationals can purchase complete housing units only with an additional levy of 20% on the price.

  4. Submit the completed mortgage application form to the Head Office.
  5. When you pay the loan in full as agreed the plot will be assigned to you for all residue of the term vested in the Corporation (i.e. a sub-lease). You will be responsible for payment of legal fees regarding the assignment.

What should you do if you are struggling to make the payment?

If you are struggling to make the payment toward your mortgage, contact the Housing and Finance Departments for advice.