Kenya Mortgages

Kenya Mortgages

  • Summary
  • Variable Rate
  • Fixed Rate
Summary

UNFCU offers US Dollar denominated mortgages for the purchase of a home or the refinancing of a mortgage in select residential areas in and near Nairobi, Kenya1. Finance your primary residence or owner-occupied second home using our mortgages.

Why UNFCU mortgages in Kenya?

  • Competitive rates – choose between a variable or fixed rate mortgage
  • High financing limits
  • Rate caps on variable rate mortgages to limit the amount by which your rate can change

Who is eligible for UNFCU mortgages in Kenya?

The criteria that applicants must meet to qualify for a mortgage in select residential areas in and near Nairobi, Kenya include, but are not limited to:
  • Applicant is a UNFCU member who is an employee or retiree of the United Nations with a current or prior professional or field service contract;
  • Applicant earns income in an eligible currency;
  • Applicant intends to occupy property being financed (investment properties are not eligible); and
  • Applicant is not a permanent resident of the United States.

Before completing your application for a mortgage in Kenya, view our required document checklist.

To learn more about our Kenya mortgage products, please contact us: kenyamortgage@unfcu.com or call +254 20 7621039.

Variable Rate

We offer a 3 or 5-year variable rate mortgage. If you choose either of these mortgages, the interest rate you pay will be subject to change after 3 or 5 years and each year thereafter, which will impact the monthly mortgage payment you pay after the initial fixed period.

For your peace of mind, we have periodic and lifetime rate caps that go into effect after the fixed period to limit the amount by which the interest rate can go up or down.

The initial interest rate on a variable rate mortgage is generally lower than that of a fixed rate mortgage which may make this a good option for you if you expect your earnings to increase in the future, or if you are seeking a short-term financing solution that aligns with your assignment timeframe.

Qualified borrowers can use a variable rate mortgage to finance up to USD 700,000 with a down payment as low as 20%. With at least a 30% down payment, a variable rate mortgage can be used to finance between USD 700,000 and USD 1,000,000.

To learn more about our Kenya mortgage products, please contact us:

kenyamortgage@unfcu.com or call +254 20 7621039.

Fixed Rate

We offer 15-year fixed rate mortgages. A fixed rate mortgage is ideal for eligible members who plan to live in their home for 10 or more years.

With a fixed rate mortgage, you will know your monthly principal and interest payments for the term of your loan.

Qualified borrowers can use our fixed rate mortgage to finance up to USD 700,000 with a down payment as low as 20%.

To learn more about our Kenya mortgage products, please contact us:

kenyamortgage@unfcu.com or call +254 20 7621039.

  1. Mortgages cannot be combined with a UNFCU International Home Loan for the same property. Your approved loan amount could be less than the amount you requested due to other loan obligations you have with UNFCU and other factors.

Featured Rates

Savings0.20% APY
Checking0.05% APY
IRA0.20% APY
Clubs0.20% APY
Learn more