KMRC mortgage guide

KMRC mortgage eligibility in Kenya

KMRC does not lend directly to individual borrowers. Eligible buyers apply through a participating bank, SACCO or mortgage lender for a Kenya-shilling affordable-housing mortgage.

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Core eligibility criteria

  • The property must be residential and within the lender’s eligible affordable-housing criteria.
  • The loan must be in Kenyan shillings and be made through a participating lender.
  • The applicant’s income, deposit, security and documents remain subject to the lender’s assessment.

The affordability limit is not a household budget target

KMRC’s two-thirds payment-to-income figure is a refinancing eligibility ceiling. It is not a recommendation for what a household should spend on housing, and individual lenders may use stricter affordability rules.

For properties and borrowers that qualify

Some lenders advertise up to 105% financing only where their specified cash-cover or insurance safeguards apply. The lender, not ArdhiHome, decides product suitability and approval.

Published mortgage-market facts

The CBK Residential Mortgage Survey for the year ended 31 December 2024 reports an average mortgage rate of 14.9%, a published range of 8.2%–20.4%, 30,016 residential mortgage accounts and KES 279.3 billion outstanding mortgage value.

Official sources

Last reviewed 23 August 2026. Rate details are collected from official public sources; review dates and campaign end dates matter.