The mortgage market in Tanzania has been growing steadily as the pace of housing investment picks up. As at 31st March 2016total lending by banking sector for the purposes of residential housing was TZS 374.5billion, which is equivalent to US$171million. This represents growth of 4.2percentfrom total mortgage lending as at 31st December 2015 (34% annual growth rate from March 2015 -March 2016). Factors attributed to this increase is the increased awareness on mortgage loans among borrowers as a result of various public awareness campaigns by banks offering mortgage loan product as well as increased competition as new lenders enter the market. The trend of mortgage lending in terms of amounts over the year. As at end of the first quarter of 2016, 27different banking institutions were offering mortgage loans after the entrance of Standard Chartered Bank in the mortgage market, compared to 26lenders as at end of December 2015. The number of mortgage lenders is expected to increase even further as more lenders continue to launch their mortgage loan products. The mortgage market was dominated by five top lenders, who amongst themselves command about 70percentof the mortgage market. Equity Bank was a market leader commanding 25percentof the mortgage market share, followed by Stanbic(14 percent), Bank M (12 percent),Azania Bank(12 percent)and CRDB Bank (6 percent).More positive developments are expected in the market with more banks now launching their mortgage loan products competition in the traditional banking products continues to intensify. Where as large banks such as National Microfinance Bank (NMB), CRDB and National Bank of Commerce launched their mortgage products in previous years, Standard Chartered Bank (which ranked 4thin the banking industry in 2015 in terms of asset size) entered the market during the first quarter of 2016.