Affordable Homeownership Schemes by the Federal Mortgage Bank of Nigeria (FMBN)
NHF Mortgage Loan Scheme by FMBN
Unlock the door to affordable homeownership with FMBN's NHF Mortgage Loan. Enjoy a 4% interest rate through accredited PMBs, lending up to ?15 million for building, buying, improving, or renovating your home over 30 years. Explore the unequalled conditions making NHF the pinnacle of affordable housing delivery in Nigeria. Securing Federal Mortgage Bank Loan
Rent To Own Housing Scheme Terms and Conditions
Discover the pathway to owning a residential property through rentals with FMBN's Rent To Own scheme. Eligible applicants can access properties up to N15 million, with a 30-year repayment period and an interest rate of 7%. Monthly or annual payments won't exceed 1/3 of the applicant's income. Ensure eligibility and apply at any FMBN Branch Office nationwide.
Home Renovation Loan Features and Application
Renovate your existing home with FMBN's Home Renovation Loan. As an NHF contributor, apply for up to N1 million through the Federal Housing Board. Enjoy an 8% interest rate, a maximum tenor of 4 years, and joint applications every 5 years. Follow the application process outlined by FMBN for a seamless experience.
FMBN's Rent To Own Scheme for Affordable Housing
FMBN's Rent to Own scheme offers an innovative, affordable housing solution. Nigerian workers can become homeowners by paying for and owning properties through monthly or yearly rent payments over 30 years. Apply if you're above 18, an NHF contributor for at least 6 months, and have a regular income. Benefit from immediate possession, no hidden charges, and insurance coverage.
Construction Loan for Homeownership
Embark on your homeownership journey with FMBN's Construction Loan. NHF contributors can access mortgage loans for constructing personally-owned homes. With a 7% interest rate and a maximum tenor of 15 years, this loan is designed to make your dream home a reality. Follow the outlined procedures for a smooth application process.
Diaspora NHF Mortgage Loan for Nigerians Abroad
Nigerians in the diaspora can now access homeownership through FMBN's Diaspora NHF Mortgage Loan. Contribute for a minimum of 12 months and qualify for a maximum loan of N50 million at a 9% interest rate. Accredited PMBs, Credit Bureau Agency, and Commercial Banks play crucial roles in this scheme. Start your journey to owning a home in Nigeria from abroad.
Conclusion
FMBN's loan schemes aim to assist salary earners in acquiring their own properties. For more information and opportunities, visit the FMBN website. Contact the FMBN Head Office at 226 Cadastral AO, Central Business District, PMB 2273, Garki Abuja, Nigeria.
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