Home Ownership Scheme FAQs
- A voluntary contributory scheme aimed solely at providing houses for members.
- An independent scheme to be established as a project within TF Properties, a subsidiary of the Teachers Fund.
- The scheme has its own advisory body which will report to the Teachers Fund Board
- Be a GNAT member and a Teachers Fund Contributer
- Complete and submit a Membership Registration Form
- Membership Registration Forms are available at Districts and Regional GNAT Secretariats and online (www.ghanateachers.org)
- Applicant must have a clear and undisputed title to his/her land.
- Applicant must have contributed for at least 18 months.
- Applicant must be able to pay an initial deposit of 20% of the cost of the house using his/her total contributions and income from other sources.
- Applicant cannot use more than 40% of his/her disposable income to service a loan.
- Applicant should be able to pay off the loan by the retirement age of sixty (60) years.
