\u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644<\/a>\u00a0\u0639\u0644\u0649 \u0625\u0637\u0644\u0627\u0642 \u0645\u0634\u0631\u0648\u0639\u0627\u062a\u0647\u0645 \u0627\u0644\u062e\u0627\u0635\u0629\u061b \u0644\u0630\u0627 \u062d\u0631\u0635\u0646\u0627 <\/span><\/p>\nreview the ways to obtain real estate financing in the Kingdom, based on announcements from Saudi banks.<\/span><\/p>\nWe have previously published an article on the benefits of real estate leasing. However, it\u2019s important to understand the risks before signing new real estate financing agreements. You should <\/span><\/p>\nMake sure you know the financing provider well, and only work with licensed companies that have a strong reputation.<\/span><\/p>\n\n
Be wary of fake ads offering to repay loans or promising to pay off the entire loan or lower your monthly installments. These are scams. <\/span><\/p>\nThis could result in losing your money or going bankrupt, and may also expose you to legal liability.<\/span><\/p>\n.<\/p>\n
Steps to Obtain Mortgage Financing<\/span><\/h2>\nYou can obtain mortgage financing through five different options, as follows:<\/span><\/p>\n\n
1. Mortgage<\/span><\/h2>\nA mortgage is a financing product that allows a borrower to obtain funds by pledging a property to the financing provider as collateral for a set period, until <\/span><\/p>\nthe agreed installments have been paid in full.<\/span><\/p>\nIf the borrower is unable to make payments, the financing provider is entitled to take the necessary steps to acquire the property. This makes it necessary to register the mortgage; <\/span><\/p>\nin accordance with the true nature of the contracts, and to halt procedures related to transferring ownership of the property.<\/span><\/p>\nThe borrower may register the property in their own name while mortgaging it to a bank\u2014if the financing is structured as a Murabaha\u2014without disposing of the property unless the bank is consulted.<\/span><\/p>\n.<\/p>\n
2. Subsidized Mortgage Loan Program<\/span><\/h2>\nThe subsidized mortgage program is a Sharia-compliant home financing program that subsidizes financing costs for an amount of up to 500,000.<\/span><\/p>\nThe Real Estate Development Fund runs this program in cooperation with participating banks and finance companies. It includes several products, such as the self-build product and the <\/span><\/p>\nunder-construction housing units product and the ready-to-move-in housing units product.<\/span><\/p>\nUnder this program, the Real Estate Development Fund covers all or part of the financing costs. The subsidy rate varies according to the beneficiary\u2019s income and the number of <\/span><\/p>\n\u0623\u0641\u0631\u0627\u062f \u0623\u0633\u0631\u062a\u0647.<\/span><\/p>\n.<\/p>\n
3. Mortgage Financing<\/span><\/h2>\nA mortgage financing of up to 90% of the property value can be obtained from commercial banks or financing companies licensed to offer mortgage financing products. <\/span><\/p>\nFor its part, the Saudi Arabian Monetary Authority approved an increase in the maximum real estate financing granted by banks to citizens to own their first home from a rate of 70%.<\/span><\/p>\nof the property value previously. <\/span><\/p>\nLease ending with ownership.<\/span><\/p>\nDown Payment Reduction Program <\/span><\/p>\nRelated image.<\/span><\/p>\n.<\/p>\n
4. Rent-to-Own<\/span><\/h2>\nIn this type of financing, the finance provider purchases the property you want, then leases it to you in return for installment payments over a set period. Once that period has passed and all <\/span><\/p>\ninstallments have been paid, the lessor transfers ownership of the property to the lessee.<\/span><\/p>\nThis type of financing is subject to a range of governing laws and regulations, as well as the agreed financing contract. If the lessee fails to make the required payments, <\/span><\/p>\nthe lessor may terminate the contract and repossess the asset.<\/span><\/p>\n.<\/p>\n
5. Down Payment Reduction Program<\/span><\/h2>\nThe Down Payment Reduction Program aims to make it easier for citizens to obtain housing finance to purchase ready-built units by reducing the initial down payment. <\/span><\/p>\nThe down payment is reduced from 10% to 5% for those approved by the Ministry of Housing, in exchange for a financial guarantee of up to SAR 40,000, provided by the Fund on behalf of <\/span><\/p>\nthe beneficiary to the bank or finance company.<\/span><\/p>","protected":false},"excerpt":{"rendered":" \u062a\u064f\u0648\u0644\u064a \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0627\u0647\u062a\u0645\u0627\u0645\u064b\u0627 \u062e\u0627\u0635\u064b\u0627 \u0628\u0642\u0637\u0627\u0639 \u0627\u0644\u0625\u0633\u0643\u0627\u0646\u060c \u0627\u0644\u0623\u0645\u0631 \u0627\u0644\u0630\u064a \u064a\u0633\u0627\u0639\u062f \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646\u00a0\u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644\u00a0\u0639\u0644\u0649 \u0625\u0637\u0644\u0627\u0642 \u0645\u0634\u0631\u0648\u0639\u0627\u062a\u0647\u0645 \u0627\u0644\u062e\u0627\u0635\u0629\u061b \u0644\u0630\u0627 \u062d\u0631\u0635\u0646\u0627 \u0639\u0644\u0649 \u0627\u0633\u062a\u0639\u0631\u0627\u0636 \u0637\u0631\u0642 \u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u062a\u0645\u0648\u064a\u0644 [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":20021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[20019,20021,20015,2928,20020,20018,20017,793,20016],"class_list":["post-20019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-20019","tag-20021","tag-20015","tag-2928","tag-20020","tag-20018","tag-20017","tag-793","tag-20016"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=20019"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/20021"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=20019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=20019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=20019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\u0635\u0648\u0631\u0629](\"http:\/\/frontlinefloridarealty.agentxsites.com\/xSites\/Agents\/FrontlineFloridaRealty\/Content\/UploadedFiles\/creative%20finanacing.jpg\")
<\/p>\n