Here is a list of Questions with answers that customers usually have as regards NHF and Mortgage generally. If you have a question that you would like answered but it does not appear here, you can send a mail to us;


FMBN has given the turnaround time of 6 months from the completion of documents, we believe that this process could extend up to 12-18 months with documentation issues.

  • No, you have to apply through an accredited primary mortgage institution (PMI) i.e. Homebase Mortgage Bank Limited.
  • Applicant is to apply through a duly licensed and accredited mortgage loan originator (MLO) of his/her choice and not directly to the Federal Mortgage Bank of Nigeria (FMBN).
  • The MLO of the applicant’s choice must be accredited by FMBN to access the NHF facility.
  • Application forms for NHF loans are obtainable from the MLO.

Contribution is 2.5% of monthly income of Nigerians earning N3, 000.00 and above per annum.

Every contributor has:

  • A lifetime registration number;
  • A passbook for the personal recording of contributions; and
  • A statement of account.
  • Any Nigerian above the age of 18, Medium and Loan income individuals, Private sector employees and public servants, Self-employed, Businessmen and Tradesmen.
  • Applicant must be a contributor to the National Housing Fund for a minimum period of six months.
  • Applicant must have satisfactory evidence of the regular flow of income to guarantee loan repayment

No, the NHF loan is obtainable once in a lifetime

No, there are no restrictions as long as it is in Nigeria.

  • The property to be financed is the collateral i.e.the property for which the loan is sought shall serve as security for the loan.
  • The property shall conform to the existing planning laws and regulations (approved building plan).
  • The property shall possess sufficient value to recover the loan.
  • A mortgaged property shall be insured against hazards.
  • The loan shall be secured by first legal mortgage of the property between the applicant and the mortgage loan originator and assigned to FMBN.
  • A borrower is entitled to a maximum loan of fifteen million naira (N15, 000,000.00) or as determined by the Bank.
  • No individual should be given a loan in excess of 90% of the cost or value of the property to be mortgaged.
  • The property shall possess sufficient value to recover the loan.
  • Equity contribution based on the new loan amounts is as follows:
    N15, 000,000.00 - 30%
    N10, 000,000.00 - 20%
    N5, 000,000.00 - 10%.

The loan shall be for the purpose of building, purchasing, or renovating a residential accommodation and No loan shall be for refinancing.


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