• The Fund bears the payment of a percentage of the financing costs (the financier’s profits) up to SAR 324,000, or the self-construction subsidy package in an amount up to SAR 150,000.
• The disbursement of finance funding will be in five payments maximum, based on the construction phases.
• The Construction period limited to 36 months maximum.

All the fees are subjected to 15% Value Added Tax (VAT)

For Examples of declaration tables click here

• Saudi national Applicant
• Applicant does not own an existing house, and the mortgage finance demand for first residential house.
• Have approval of MOH/REDF.
• Good credit history
• Minimum applicant age is 18, and does not exceed 70 years at maturity.
• Work service for at least 6 months for private sector employees, 3 months for semi-governmental sector employees, and without a minimum service for government and military.
• in addition to the following:
  • Applicant owns a residential land.
  • Applicant owns an incomplete residence building
  • Both above should be within the residential of city border.
  • Applicant land or incomplete building is registered and has an independent title deed. 

• Copy of valid national ID card.
• Salary Certificate (the validity is one month), certified by Chamber of Commerce (if salary is not transferred).
•  Salary transfer letter (for salary transferred).
• A bank account statement for the last 3 months of the salaries deposit (for the employee), or bank account statement for the last 6 months (for self-employment).
• A confirmation letter from employer to validate salary amount in case of difference between Salary Certificate and Bank Account Statement.
• Financial Statements for last two years (for self-employment).
• Social insurance certificate (in the case of employer not enrolled in the bank).
• Copy of the Commercial Register (for self-employment).