How to Apply for Federal Mortgage Loan (N15 million) 2022/2023
Application for the Federal Mortgage Loan for 2022/2023 is massively in progress, applicants are advised to get full details of the loan for easy access, applicants get up to N15 million each
The loan can be obtained from any of the Federal Mortgage Banks in Nigeria
Mortgage Bank Estate Development Loan
Mortgage Bank Rent to Own Loan
Mortgage Bank Diaspora NHF Mortgage Loan
Mortgage Bank Federal Housing Loan
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Mortgage Bank Home Renovation Loan
Mortgage Bank Construction Loan
Who is Eligible?
Applicant must have satisfactory evidence of the regular flow of income to guarantee loan repayment.
Any Nigerian above the age of 18
Applicant must be a contributor to the National Housing Fund for a minimum period of six months.
Purpose of the loan
The loan shall be for the purpose of building, purchasing or renovating a residential accommodation
No loan shall be for refinancing
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Requirements for Federal Mortgage Loan Application Form 2022/2023
Bill of Quantities (if you have one)
Valuation report prepared by registered surveyors and valuers where applicable.
Tax clearance certificate for three years.
Letter of consent to your chosen primary mortgage bank.
Completed mortgage loan application form.
Proof of National Housing Fund contribution.
Pay slips for the previous three months
Applicants must be 18 years and above
Savings account with a registered primary mortgage bank.
Contribution to the fund for a minimum of six months.
Proof of regular flow of income.
Photocopies of other substantiating title documents.
Survey and site plans.
A copy of an approved building plan
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HOW TO APPLY
Applicants are to apply through a duly licensed and accredited mortgage loan originator (MLO) of/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
To apply online, click here to apply
Institutional borrowers can apply directly to the Federal Mortgage Bank of Nigeria for the loan (FMBN)
Individuals can only apply through a Primary Mortgage Bank (PMB) of their choice that is fully licensed.
However, you cannot apply for the loan directly through FMBN.
Interested applicants must get the loan applications from the same Primary Mortgage Institution