<The Residential Program offers multiple financing solutions to help citizens own their homes in easy ways with the support of the government. Here are the detailed steps to apply for a mortgage provided by the program:
- Visit the official Sakani website:
- Go to the Sakani program via sakani.sa. .
- Create a new account:
- Click on "New Registration" and fill in the required information to create your personal account.
- Login:
- If you already have an account, log in using your national ID number and password.
- Update Personal Data:
- After logging in, update your personal details and make sure they are accurate.
- Upload required documents:
- Upload the necessary documents such as National ID card, birth certificate, proof of income (salary certificate or bank statement), and family certificate (for married couples).
- Choose the right housing product:
- From the main menu, select “Residential Products” and then “Existing Mortgage”.
- Fill out the application form:
- Fill out the online application form with the required information.
- Attach Documents:
- Make sure to attach all required documents and agree to the terms and conditions.
- Waiting for initial approval:
- After submitting the application, it will be reviewed by the competent authorities in the Residential Program and the Real Estate Development Fund.
- Receiving the approval notice:
- A notification will be sent via email or SMS upon initial approval of your application.
- Choosing a partner bank:
- After initial approval, you will be directed to a partner bank to finalize the financing process.
- Submitting documents to the bank:
- Visit the selected bank and submit the required documents such as national ID and proof of income, and complete the credit check.
- Credit Check:
- Pass the credit check which assesses your ability to repay the loan.
- Sign the finance contract:
- After final approval from the bank, the mortgage contract is signed.
- Choosing a housing unit:
- Based on the approval, you can choose the targeted housing unit from the projects available on the Sakani platform.
- Completing the purchase process:
- Completion of the purchase procedures in cooperation with the real estate developer and the financing bank.
Additional Tips
- Check the financing terms: Make sure your monthly income matches the bank's financing requirements.
- Continuous monitoring: Check your status on Sakany's website periodically for any updates or additional requests.
With these steps, you can apply for Sakani mortgage easily and effectively, contributing to realizing your dream of owning a home that suits your needs.
