CONDITIONS FOR NHF LOAN Any Nigerian above the age of 18 Applicant must be a contributor to the National Housing Fund for a minimum period of six months. Applicant must have satisfactory evidence of regular flow of income to guarantee loan repayment. WHO CAN APPLY The loan shall be for the purpose of building, purchasing,
The CEO of the Nigeria Mortgage Refinance Company, Charles Inyangete, says there is a requirement for Nigeria to build about 800,000 houses yearly to meet up the shortfall in housing. CNBC Africa’s Markets Editor for West Africa Kenneth Igbomor caught up with him to discuss the challenges of getting a
The Nigerians in Diaspora Commission is set to partner with the Federal Mortgage Bank of Nigeria to commission a diaspora mortgage policy. The policy is to enable Nigerians in diaspora build houses in their home Country without the interference of third parties.
Nigeria banks offer Mortgages to Nigerians in Diaspora For Nigerians based abroad, there is good news!.. With a minimum deposit of 20% – 50% you can now apply for a mortgage to buy your dream home in Nigeria, either for residential or addition to your investment portfolio. With a maximum tenure of
Unlike British Mortgages, Nigeria based mortgages are tied directly to your employer and monthly payments get deducted directly from your salary before you then receive the remaining of your paycheck, just like our National Insurance and PAYE tax. This makes it easier for the Nigerian mortgage provider to monitor their clients and impossible to
National Housing Fund Scheme (NHF) is a Federal Government introduced scheme, to which all public servants and employees in the organized private sector within the country are expected to contribute 2.5% of their monthly salary to Federal Mortgage Bank of Nigeria, managers of the fund. Top 10 to know: National Housing Fund