How to Access a Mortgage in Nigeria: Complete Guide for Public, Civil, and Self-Employed Workers
Looking to buy a house in Nigeria through a mortgage? Whether you’re a civil servant, public sector employee, or self-employed, there are several mortgage options available to help you achieve homeownership—if you know where to look.
This guide breaks down the different ways to access a mortgage in Nigeria, including government-backed programs and commercial lending options.
What Is the National Housing Fund (NHF)?
Established by the National Housing Fund (NHF) Act of 1992 and codified in 2004, the NHF is a government scheme designed to help Nigerians finance their homes. Every public or civil servant is mandated to contribute 2.5% of their monthly basic salary to the NHF via the Federal Mortgage Bank of Nigeria (FMBN). This contribution qualifies them to access low-interest mortgage loans.
How to Know If You’re Contributing to NHF
Your NHF contributions should appear on your monthly pay slip. Most government MDAs and structured private organizations are required to collect and remit employee contributions to the NHF. However, not all employers comply.
If your organization doesn’t contribute, or if you’re self-employed, you can still qualify by registering directly with FMBN and making personal monthly contributions.
Types of Mortgage Loans Available in Nigeria
1. NHF Loans and Rent-To-Own (FMBN)
- Eligibility: Contributors to NHF
- Loan Amount: Up to ₦50 million
- Interest Rate: 6%
- Tenure: Up to 30 years
- Where to Apply: Any Primary Mortgage Bank (PMB) or FMBN office nationwide
These are the most affordable mortgage options in Nigeria, specifically for long-term homeownership.
2. Federal Government Staff Housing Loans Board (FGSHLB)
- Eligibility: Core civil servants under the Federal Civil Service Commission (FCSC) and selected MDAs
- Loan Amount: Up to ₦50 million
- Interest Rate: Concessionary
- Tenure: Up to 30 years
- Where to Apply: FGSHLB under the Office of the Head of Civil Service of the Federation
This is a highly subsidized mortgage option tailored for federal civil servants.
3. Family Homes Funds (FHF)
- Established: 2017
- Purpose: Bridge Nigeria’s housing supply and demand gap
- Loan Type: Mortgage loans (with higher rates than NHF)
- Target Audience: Low- to middle-income earners
Family Homes Funds also helps developers finance affordable housing projects across Nigeria.
4. MOFI Real Estate Investment Fund (MREIF)
- Administered By: Ministry of Finance Incorporated (MOFI)
- Loan Type: Specialized mortgage products
- Interest Rate: Commercial (higher than NHF)
- Purpose: Home financing with structured repayment plans
This option suits Nigerians who want flexibility and faster access despite higher costs.
5. Commercial Mortgages (Banks & Mortgage Institutions)
- Providers: Commercial banks and licensed mortgage banks
- Interest Rate: Typically above 20%
- Availability: Most readily accessible
- Ideal For: High-income earners or those seeking private financing
Though expensive, these are the fastest routes to homeownership for those who can afford the terms.
Final Thoughts: Your Path to Owning a Home in Nigeria
If you’re employed—either in the public sector or self-employed—there are multiple mortgage options in Nigeria tailored to your income level and employment status. From low-interest NHF loans to commercial mortgage plans, each offers a pathway to owning your own home.
Whether you’re just starting your journey or looking to switch from renting to owning, your first step should be to check your NHF status, then explore the best mortgage product for your situation.
