A National Housing Fund mortgage, underwritten with patience.

A fixed-rate, long-tenor loan for salaried Nigerians contributing to the National Housing Fund. Borrow up to ₦15M at 6.0% p.a. over 30 years — the lowest-cost mortgage for Nigerian wage-earners, with no rate repricing.

6.0% p.a.

Indicative rate · fixed

₦15M

Maximum loan

30 years

Maximum tenure

Start application → See your monthly ↓

Process

Four steps from enquiry to keys.

Confirm your NHF status

You or your HR department verifies that your employer is FMBN-registered and that at least six months of 2.5% NHF deductions have been remitted. We provide a checklist. This step costs nothing.

Submit your enquiry

Upload your payslips, bank statements, employment letter, BVN, NIN, and the property's title document. The application saves at every step — return any time until the file is complete.

Credit assessment

Underwriting takes 28 to 45 working days from the date the file is complete. The credit committee meets weekly. We do not promise faster timelines we cannot keep.

Offer letter and disbursement

Final terms are issued in a binding offer letter. Funds release through FMBN on signed acceptance and property verification. Your rate is fixed from this point for the full tenor.

Eligibility

Who this is for.

The NHF route is designed for Nigerians earning a regular salary from a registered employer. If you are self-employed or earn variable income, review the M-REIF Mortgage instead.

Salaried Nigerian national — civil servants, bank staff, telco employees, manufacturing supervisors, faculty members, and any worker on a formal payroll.

Active NHF contributor — remitting 2.5% of basic monthly salary to the Federal Mortgage Bank of Nigeria for at least six consecutive months.

FMBN-registered employer — your employer must be enrolled with the Federal Mortgage Bank. We can confirm this in the eligibility check.

Primary residence purchase or construction — funds must be applied to your primary home. NHF mortgages cannot be applied to investment lettings or short-let conversions.

Title-documented property — Governor's Consent or Certificate of Occupancy required. Bare-promise allocations are not eligible under the NHF Act.

Documents

What you'll need.

01 — Identity & income

Employment and pay evidence

Six months of payslips and bank statements; a confirmation-of-employment letter dated within 30 days; a passport data-page and a recent utility bill.

02 — NHF compliance

Employer's NHF certificate

Your employer's NHF compliance certificate confirming active remittance to FMBN. Your HR or payroll office can obtain this directly from FMBN.

03 — Property title

Title document and valuation

Certificate of Occupancy or Governor's Consent; a current valuation report by a registered estate surveyor; and a sale agreement signed by the vendor.

04 — Diaspora applicants

Additional documentation

Equivalent foreign-issued identity and income documentation alongside a notarised power of attorney. Diaspora-NHF is a narrow category — confirm eligibility before preparing this set.

The numbers

The numbers, in plain sight.

Interest rate

6.0%

Per annum, reducing-balance basis. Fixed for the full life of the loan by statute — NHF Act Cap. N45 LFN 2004.

Maximum loan

₦15M

Statutory ceiling under the NHF Act. Two contributing spouses may pool entitlements up to ₦30M on a single property.

Tenor range

5–30 yrs

Subject to the borrower retiring no later than age 60 (public service) or 65 (private employment) before the final repayment date.

The 6.0% rate is fixed for the entire tenor and does not reprice when the Monetary Policy Rate moves. Equity contribution is 10% of property value for loans up to ₦5,000,000, and 20% for loans between ₦5,000,001 and ₦15,000,000. All figures are indicative; binding terms are issued in the offer letter after credit assessment.

Scenarios

Three Nigerians, three paths.

Civil servant · Lagos

Amara, 38

A mid-level federal civil servant earning ₦240,000/month. Her employer has remitted NHF contributions for 11 years. She wants to buy a 3-bedroom flat in a registered estate in Ojo, Lagos — priced at ₦14,800,000. With 10% equity and a 25-year tenor at 6%, her monthly repayment is under ₦92,000.

₦13,320,000 principal · ₦91,700/mo · 25-year tenor

Bank staff · Abuja

Chukwudi, 44

A branch manager at a commercial bank. He and his wife — also a contributor — want to pool their NHF entitlements to buy a ₦28,000,000 property in Gwarinpa. Combined ceiling is ₦30M, both names on title. Equity contribution is 20%. A 20-year tenor keeps the monthly figure manageable.

₦22,400,000 combined · ₦160,000/mo · 20-year tenor

Lecturer · Ibadan

Funmilayo, 51

A senior lecturer at a federal university who owns land in Oluyole and wants to build a 4-bedroom bungalow. NHF funds can be applied to construction on titled land. With retirement at 65 on the private payroll equivalent, she qualifies for a 14-year tenor — completing repayment at 65.

₦15,000,000 maximum · construction on titled land · 14-year tenor

Questions

Frequently asked.

No. NHF funds cannot be disbursed for bare-land purchase. Land must be paired with a construction package, or the property must already be a completed dwelling.

We cannot proceed until remittances are current. We can introduce you to FMBN's compliance desk to reconcile arrears, but the application itself is paused until the record is clear.

Yes. Two contributors may pool entitlements on a single property up to a combined ceiling of ₦30,000,000, with both names on title and on the loan. Both applicants must satisfy the standard eligibility criteria independently.

It is fixed for the full tenor by statute. It does not reprice when the Monetary Policy Rate moves — this is one of the NHF product's defining advantages over commercial mortgage alternatives.

You retain the loan. Repayments continue at the agreed rate. We will work with you on a payment-holiday arrangement if you provide evidence of redundancy and a credible return-to-work plan; this is reviewed case by case and is not automatic.

Talk to a mortgage advisor

Not sure if NHF is right for you? We'll route you.

One call to walk through eligibility across NHF, M-REIF, Construction, and Commercial. No commitment — we've been advising Nigerian homebuyers since 2005.