First Housing Finance

What First Housing Finance does

First Housing Finance is a privately held, for-profit Tanzanian mortgage provider founded in 2016 and headquartered in Ilala. The company offers mortgage products covering four core use cases: home purchase, home extension, home improvement, and refinancing of existing home loans, indicating a focus on the full lifecycle of owner-occupier housing finance rather than a single product niche.

The firm operates with 11-50 employees and maintains a web presence at firsthousing.co.tz, but no additional information is available from the company website (the page returned only a loading/verification message). There is no public data on technology stack, proprietary underwriting systems, partnerships with developers or banks, distribution channels (branch vs. digital vs. broker), pricing, loan-book size, or funding history. The absence of disclosed funding rounds, investors, or capital structure suggests the company may be self-funded or backed by undisclosed local investors, which is common for early-stage Sub-Saharan mortgage lenders.

Given the data thinness, the business model can only be characterized at a high level: First Housing Finance earns revenue primarily through net interest margin on mortgage loans (interest income on originated mortgages net of cost of funds), supplemented by origination fees and refinancing-related charges. The target customer segment is the Tanzanian retail mortgage market, which remains underpenetrated relative to formal housing supply, suggesting a long addressable market runway. However, no customer count, average ticket size, NPL ratio, or geographic reach data is available to validate the scale or unit economics of the business.

Name

First Housing Finance

Website

https://firsthousing.co.tz

Company type

Private

Founded year

2016

Headcount range

11–50 employees

Short description

First Housing Finance is a Tanzanian mortgage provider founded in 2016, offering home purchase, extension, improvement, and refinancing loan products to retail borrowers, operating with 11-50 employees from Ilala.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)

akta.pro secondary industries

Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL), New Construction-to-Perm (Single-Family Owner-Occupied) (FSALAHAA)

Keywords

• Residential mortgage lending
• Home loan financing
• Home improvement loans
• Mortgage refinancing services
• Housing finance Tanzania

Headquarters

HQ city

Dar Es Salaam

HQ country

Tanzania

HQ region

Africa

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Core offering

First Housing Finance offers residential mortgage products to individual borrowers for four purposes: purchasing a home, extending an existing home, improving an existing home, and refinancing an existing home loan. The company is a Tanzanian non-bank housing finance provider serving owner-occupier housing finance needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchase Mortgage
• Home Extension Mortgage A residential mortgage loan for individual borrowers seeking to fund an extension of their existing owner-occupied home.
• Home Improvement Mortgage A residential mortgage loan that funds improvement works on an existing owner-occupied home, targeted at individual Tanzanian homeowners.
• Home Loan Refinancing A refinancing mortgage product that allows individual borrowers to replace or restructure their existing home loan obligations with First Housing Finance.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Others

• Shelter Afrique: Pan-African housing finance and development institution providing capital and technical assistance to African mortgage lenders. Relevant as a potential funding partner and benchmark for housing-finance business models across Africa.
• Tanzania Mortgage Refinance Company (TMRC): Tanzanian mortgage refinance facility that provides liquidity to primary mortgage lenders. Relevant because it shapes the funding environment for any Tanzanian housing finance company and is a potential capital or partnership counterparty.

Regional players

• Azania Bank: Tanzanian commercial bank offering mortgage and housing-related loan products. Comparable as a domestic Tanzanian lender in the residential mortgage space, though smaller and more retail-focused than the largest incumbents.
• Housing Finance Company of Kenya (HFCK): Kenya-focused housing finance specialist offering purchase, construction, and improvement mortgages. Comparable as an East African housing-finance specialist, though operating in a more developed mortgage market.

Broad incumbents

• CRDB Bank: Tanzania's largest bank by assets, offering residential mortgages among a full suite of retail and corporate banking products. Directly comparable because both firms originate home loans in Tanzania, though CRDB is a generalist incumbent.
• National Microfinance Bank (NMB): Tanzania's largest microfinance bank with a significant retail deposit base and mortgage lending capability. Comparable as a major Tanzanian mortgage originator with broader product range, competing for the same homeowner segment.
• Equity Bank Tanzania: Subsidiary of Equity Group Holdings, offering mortgage and consumer loan products in Tanzania. Comparable as an established multi-product bank competing in the same retail mortgage segment.
• Stanbic Bank Tanzania: Tanzanian subsidiary of Standard Bank Group, offering residential mortgages and construction finance. Comparable as a large incumbent lender competing for higher-end and salaried mortgage customers in Tanzania.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat1 record

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/first-housing-finance-tanzania-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Housing Finance