Frequently Asked Questions

The low-income subsidy is entitled to every single Egyptian citizen whose income does not exceed 3500 LE per month or 4750 LE per month for the family (spouse / minors) 4200 LE per month for single or 5200 LE per month for the family (spouse / minors) 10th ADV What is the subsidy amount provided by SHMFF? The Fund(SHMFF) provides cash subsidy ranging from L.E 5,000 to LE 40,000 according to the investor's income, which is inversely proportional to the income and subsidies the unit down payment. A check is issued to the lender, which in turn issued a check with the total price of the unit and send to the owner, thus the subsidies unit price equals SHMFF subsidy + unit down payment paid by the client + finance granted by the lender

If the total annual income does not exceed L.E 42,000 per person or L.E 57,000 for family “L.E 50400 for single/ L.E 68400 for family for 10th ADV”, and do not have obtain any housing loan before, has not been allocated any housing unit for the family from government before, the investor can apply to SHMFF to benefit from different subsidy techniques. Subsidy could be for projects units by SHMFF or any other units available in the market meeting SHMFF conditions in terms of being eligible for registration and its price does not exceed L.E 200,000 for half-finished units and L.E 250,000 for the full finished units

(First / Second / Third advertisement: maximum monthly income - LE 1750 per person - LE 2500 per family) (The fourth / fifth / sixth / seventh / governorates 2005-2009 / Port Said: maximum monthly income - LE 2250 per person - LE 3000 per family) (Eighth advertisement / syndicates "Low Income Groups" / Victims and Martyrs of the Revolution: maximum monthly income – LE 2500 per capita – LE 3500 per family). (9th advertisement: maximum monthly income – LE 3500 per person – LE 4750 per family. (10th advertisement: maximum monthly income – LE 4200 per person - LE 5700 per family). The subsidy is calculated according to the applicant income when applied for the unit.

You can obtain the certificate once you submit copy of the property contract to the real estate office of the real estate that you intend to purchase.

The lenders assign any accredited rating agency to carry out the evaluation of the property and the investor is informed of evaluation expenses. In case of a difference in a required price from the owner of the property, lenders is committed to the price of the property in the evaluation expert's report, which is the basis for the value of the property during the financing process.

Yes, it is possible to apply in any other project as long as the client did not benefit from any previous projects and does not own a unit he or his wife and underage kids and still eligible to the terms of subsidy.

No, because when the client withdraw the down payment from a project this means that he does not want the unit and cannot go back to the same project.

Yes, it is possible for the client to withdraw his application in the project on the system as long as he did not finish its procedures in that project, did not receive the unit, and did not get the subsidy amount ... As for which is better, this is related to the client and whether the first project is applicable for him or not and he is the only one responsible for his decision.

Yes, you can combine your income and your spouse's to get the necessary funding: fill in application form and provide proof of income and identity.

The higher the income, the better for the client. The increase in income means increasing funding and reducing the amount of the required down payment. Therefore, if the income of the client is less than L.E 1000, his wife should join as partnership in case she works. In this case the unit becomes equally owned by both of them

Yes, as long as his share does not reach a full housing unit, and that unit is not part of subsidies housing units.

Not at all, nothing impedes as long as you did not borrow from any lender affects the amount of funding granted to the client, the Central Bank of Egypt requires that the maximum limit of the monthly installment for the client is 40% of income. Or the client is not registered on the black list of CBE for non-payment of installments. In according with the initiative of the CBE, the program aims to enable low-income citizens to obtain fund at a low interest rate less than market rates.

If you work in Private or public sector, government or otherwise, the income statement must include salary items (net and total), the job title, appointment date, and stamped by the employer stamp, the signature of the responsible manager. Or any income that can be proved and accepted by the financing body.

You should Wait to investigation company visit and they will communicate with you in this case the missing documents to be completed.

You should Wait for the investigation company and communicate with them to the updated data.

You should Wait for the investigation company and communicate with them to the updated data.

You should call the call center at 1188/5777/5999 from 9am to 9pm. In case of the application is on system, they will updated the phone number.

Yes, in order to ensure validity of income limits for citizens to benefit from subsidy, net income or total net income including the official salary from work (government / private sector) and the income of the free job and other sources of income (eg pension,) Acquired by the husband or wife. However, when calculating subsidy and funding, only part of the applicant income is deducted.

This is done by writing a handwritten statement stating the amount of divorced pension.

The minimum down payment is 15% of unit price and the maximum down payment is 50% of the unit price, and the required down payment is calculated according to the customer's income.

In case of low income groups, monthly installment shouldn’t exceed 35% or with a maximum 40% of the monthly income

The maximum mortgage finance is 90% of the unit value, the finance ratio can be 50%, 60% or 70% etc. of the unit price, according to the investor desire and his income and according to the investor credit standards determined by lenders.

Yes, in order to be able to provide mortgage finance to the investor, taking into consideration the credit standards of the lenders. Through transferring the monthly income or even part of it to lender. In all cases, the lender take the suitable necessaries measures to guarantee their mortgage finance accordance with Article 2 of the Executive Regulations of the Mortgage Law.

You can request to change the lender only once through calling the call center at 1188/5777/5999.

You can deal directly with the lenders or through the intermediaries registered in FRA “Financial Regulatory Authority”, knowing that the cost of the intermediaries is fully paid by lenders.

In the case of not allocated any units of the housing unit, you can refund your down payment from any branch of the Housing and Development Bank by the receipt of payment. In case of unit allocation, you should go to the customer Service center located at the Ministry of Housing to Submit a request which indicates the willingness of the client to complete the procedures.

By contacting the call center on the numbers 1188/5777/5999 from 9 am to 9 pm or by going to customer service centers in cities / housing directorates (15Th of May - Al Shorouk -Sadat -El Salheya El Gedida – Damietta – Asyut – El Obour – New Valley - Beni Suef - Aswan – 10th of Ramadan )

By going to any post office to deliver the required documents and pay the fees of the re-investigation for SHMFF.

Yes, instead of rejecting applications as a result of the client failure to complete all his documents, SHMFF requested the investigation companies to complete the applicant this in order not to deprive the client for his chance to obtain a housing unit.