Home Finance Options Saudi Arabia 2026: First-Time Buyer's Complete Guide
Get your first home loan in Saudi Arabia — Sakani/REDF cuts down payment to 5% and rate to 3.5%. Compare 6 banks for first-time buyers + RETT exemption guide.
Home Finance in Saudi Arabia
You can buy your home through mortgage financing from banks or licensed finance companies. Amounts up to SAR 5 million+ with repayment periods up to 30 years.
Basic Requirements
Min salary: Starting from SAR 5,000 (varies by provider)
Down payment: 10% of property value (per SAMA regulation)
Age: 21-65 years
Employment: 3-6 months with current employer
SIMAH: Clean credit record
Sakani Program (Ministry of Housing)
If you're a Sakani beneficiary:
• Down payment drops to 5% instead of 10%
• Profit rate support from Real Estate Development Fund
• Priority in obtaining financing
Best Home Finance Providers
Banks Al Rajhi, SNB, Riyad, Alinma — competitive rates but longer processing.
Finance Companies - **Dar Al Tamleek**: Largest specialist — helped 85,000+ families - **Bidaya**: Specialized in residential finance - **Amlak**: Islamic real estate finance
Important Tips
For live Saudi mortgage rates — effective rate after Sakani subsidy, minimum salary per bank, max amount, max tenor — see [the Diro mortgage rate table](/en/mortgage?utm_source=blog&utm_medium=internal&utm_campaign=home-finance-saudi-guide). Apply once and get offers from 25+ SAMA-licensed lenders.
1. Compare rates across providers — small differences save thousands over time
2. Check rate type (fixed vs variable)
3. Ask about early repayment fees
4. Use Diro to compare offers from all providers
Ready to get funded?
Apply through Diro and get pre-offers from 35+ licensed providers — free and in minutes
Start Application