How to Access HNF from Federal Mortgage Bank of Nigeria
WHO CAN APPLY 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. PURPOSE The loan shall be for the purpose of building, purchasing, or renovating a residential accommodation No loan shall be for refinancing HOW TO APPLY Applicant is to apply through a duly licensed and accredited mortgage loan originator (MLO) of his/her choice and not directly to 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 SECURITY FOR THE LOAN The property for which the loan is sought shall serve as security for the loan. The property shall conform with the existing planning laws and regulations (approved building plan). The property shall possess sufficient value to recover the loan. A mortgage prope...