challeges facing mortgage financing in kenya

CHALLENGES FACING MORTGAGE FINANCING IN KENYA
(A Case Study of the Housing Finance Company of Kenya, Head Office, Nairobi)

TABLE OF CONTENTS

Declaration…………………………………………………………………….…...............i
Dedication…………………………………………………………………………………ii
Acknowledgement………………………………………………………………………..iii
Table of Contents…………………………………………………………………………iv
List of tables………………………………………………………………………………vi
List of figures…………………………………………………………………………….vii
Abstract………………………………………………………………………………….viii
CHAPTER ONE………………………………………………………………………....1
1.0 INTRODUCTION…………………………………………………………………...1 1.1 Background of study…………………………………………………………….......1 1.1.1 Profile of the organization…………………………………………………...…3 1.2 Statement of the problem……………………………………………………………4 1.3 Research Objectives…………………………………………………………………5 1.3.1 General Objective………………………………………………………………5 1.3.2 Specific Objectives…………………………………………………………......5 1.4 Research Questions…………………………………………………….……………6 1.5 Importance of the Study………………………………………………..……………6 1.6 Scope of the Study…………………………………………………………..………7 1.7 Conceptual Framework……………………………………………………………...7
CHAPTER TWO………………………………………………………………………...8
2.0 LITERATURE REVIEW…………………………………………………...………8 2.1 Introduction………………………………………………………………………….8 2.2 Mortgage Qualification Requirements………………………………………………8 2.2.1 Income………………………………………………………………………….8 2.2.2 Employment……………………………………………………………………9 2.2.3 Down Payment……………………………………………………………...…10 2.2.4 The Mortgage Instrument………………………………………………..……11 2.2.5 Credit History………………………………………………………………….11 2.2.6 Mortgage Repayment………………………………………………….………12
2.3 Land Policies…………………………………………………………………….....14
2.4 Housing Provision………………………………………………………………….17
CHAPTER THREE.........................................................................................................20
3.0 RESEARCH METHODOLOGY………………………………………………….20 3.1

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