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Help & Guidance

Apartment building in Kenya.
Kenya Mortgages

A home of your own in Kenya

Benefit from competitive rates, high limits, and savings

Buy your dream home in Kenya or refinance an existing mortgage. Choose from homes located in select areas of Nairobi, Kiambu, Kajiado, and Machakos counties.1 We specialize in understanding various UN contract terms, often enabling us to lend to more members at competitive rates.

House checkmark.
Variable rates as low as 5.90%–7.40%2

Choose a fixed or variable rate.

Square bar diagram.
High limits

Qualified members can borrow as much as $1,000,000 in US dollars.3

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Save on fees

Pay no pre-payment penalties and a low 1% processing fee.

Individual and their child playing with moving boxes.

Choose a rate option

Variable rates as low as 5.90%–7.40%.2

  • The interest rate you pay will be subject to change each year after your initial fixed period.
  • Rate caps limit how much your rate can change. This is to protect you from wide fluctuations.

Fixed rates as low as 7.99%–9.99%.

  • Lock in your rate so you pay the same amount each month. 

Kenya mortgage details

Variable rate

Fixed rate

Rate

Variable rate

As low as 5.90%–7.40%2

Fixed rate

As low as 7.99%–9.99%

Loan amount

Variable rate

$50,000 to $1,000,0003

Fixed rate

$50,000 to $1,000,0003

Term

Variable rate

15 years4, with an initial fixed period of three years or five years

Fixed rate

15 years4

Processing fee

Variable rate

1% of your approved mortgage amount

Fixed rate

1% of your approved mortgage amount

Pre-payment penalties

Variable rate

$0.00

Fixed rate

$0.00

Insurance requirements

Variable rate
  • Mortgage protection insurance (for loan amounts over $100,000)
  • Property insurance

Fixed rate
  • Mortgage protection insurance (for loan amounts over $100,000)
  • Property insurance

Other fees

Variable rate
  • Valuation fee
  • Legal fee
  • Stamp duty fee

Fixed rate
  • Valuation fee
  • Legal fee
  • Stamp duty fee

Member Loyalty Rewards

Variable rate

Fixed rate

Board check.

Check your eligibility

Kenya mortgages are available to qualified members who:5

  • Intend to occupy the property being financed (investment properties are not eligible); and 
  • Are not residents of the United States; and 
  • Are UN employees with current professional or field service contracts earning income in an eligible currency; or 
  • Are UN National Professional Officers or General Service staff members in an eligible country earning an eligible income currency, or 
  • Are UN retirees receiving pensions in an eligible currency. 

Get started today

Whether you want to apply or just have questions, we are happy to help. Contact us to discuss requirements, how much you can afford, your home buying timeline, and more.

Schedule an appointment
  • Phone ringing.

    Call us

    Dial +254 20 7621044 (Nairobi local number).

  • Paper writing.

    Email us

    Reach our team at kenyamortgage@unfcu.com.

  • People.

    Visit in person

    View hours for our representative office in Nairobi. 

Top Kenya mortgage FAQs

All UNFCU loans are in US dollars (USD).

The following factors will determine the loan amount for each applicant: 

  • Income 
  • Existing loans 
  • Other expenses 
  • Loan payment history 
  • Country of employment 
  • Currency of income 
  • Property value and location 
  • Down payment amount 
  • Length of membership 

Once we receive your application with the required documents, we will provide you with a pre-approval. This will tell you how much you can borrow.

Your primary residence or second home would qualify as long as you plan to be in the home. You can also refinance an existing mortgage in Kenya with us. Properties under construction, investment properties, and purchases of land are not eligible.

The more money you put toward your down payment, the less you will need to borrow. The less you borrow, the less you need to pay back each month.

View all Kenya mortgage FAQs

Resources to help you get started

Visit the Help Center
Africa Mortgages

Today’s Kenya mortgage rates

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Loans

Loan payment calculator

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Africa Mortgages

Required documents for a Kenya mortgage

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Africa Mortgages

Make a Kenya or Uganda mortgage payment

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Visit the Help Center

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Disclosures

  1. Mortgages cannot be combined with one of the UNFCU international home loans or Local Staff Loans for the same property. Your approved loan amount could be less than the amount you requested. This may be due to other existing loan obligations you have with UNFCU. Other factors such as credit quality, debt to income ratio, and length of membership may also impact your final loan terms. 
  2. For variable rate mortgages, the quoted rate is fixed for the initial period of either 3 or 5 years, as applicable. Thereafter, it will be subject to change annually and may increase. The variable rate is calculated each year by adding the applicable margin to the WSJ Prime rate. The maximum term is 15 years.
  3. Qualified UN staff in Kenya earning Kenyan shillings can secure a variable or fixed rate mortgage for up to $500,000. They will need a 25% down payment. All other qualified UNFCU members eligible for Kenya mortgages can secure a variable or fixed rate mortgage for up to $700,000. They will need a 20% down payment. With a 30% down payment, they can secure a variable rate mortgage for up to $1,000,000.
  4. Members approved for a Kenya mortgage can choose to have their monthly payment amounts calculated over 25 years. The term of the mortgage will still be 15 years. This can mean lower monthly payments over the 15-year term, however the remaining mortgage amount will be due at the end of the 15th year. This is called a balloon payment. 
  5. Additional eligibility requirements may apply for Kenya mortgages. UN consultants are not eligible for Kenya mortgages.