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Federal Mortgage Bank NHF Loan 2022 Application Form (Upto 15M)



Federal Mortgage Bank NHF Loan 2022

Federal Mortgage Bank NHF Loan 2022 Application Form

The Federal Mortgage Bank National Housing Fund (NHF) Loan is still currently ongoing.

Federal Mortgage Bank Of Nigeria (FMBN) is the apex mortgage institution in Nigeria tasked with the responsibility of providing long-term credit facilities to mortgage institutions in Nigeria.

Federal Mortgage Bank of Nigeria (FMBN) was established in 1956, known then as the Nigerian Building Society (NBS), a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria. Following the introduction of the Indigenization Policy, the Federal Government, by Indigenization Act [1973], acquired the NBS and consequently renamed it the Federal Mortgage Bank of Nigeria (FMBN).

The FMBN has numerous loan and credit facilities that are of big benefit to Nigerians, especially to low and medium-income earners. One of its biggest loan facilities is the National Housing Fund (NHF) which enables low-income earners who are not able to have a house, to build a house of their own.

With FMBN, you do not need to be rich to have a house. All you need to do is tap into its credit facility and you can get the right financial assistance to build your own house and pay back easily in long term. In this article, we will cover all the loans from the Federal Mortgage Bank Of Nigeria (FMBN) and how you can benefit from them.

You may also want to read List of Mortgage Banks You Can Easily Access Loans in Nigeria

Borrowers for Federal Mortgage Loans may be eligible for a maximum loan of N15 million.

  • Mortgage Bank Federal Housing Loan
  • Mortgage Bank Home Renovation Loan
  • Mortgage Bank Construction Loan
  • Mortgage Bank Estate Development Loan
  • Mortgage Bank Rent to Own Loan
  • Mortgage Bank Diaspora NHF Mortgage Loan

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 the regular flow of income to guarantee loan repayment.


The loan shall be for the purpose of building, purchasing or renovating a residential accommodation.

No loan shall be for refinancing

Requirements for Federal Mortgage Loan Application Form 2022/2023

  • Applicants must be 18 years and above
  • Savings account with a registered primary mortgage bank.
  • Contribution to the fund for a minimum of six months.
  • Proof of regular flow of income.
  • Photocopies of other substantiating title documents.
  • Survey and site plans.
  • A copy of an approved building plan
  • Bill of Quantities (if you have one)
  • Valuation report prepared by registered surveyors and valuers where applicable.
  • Tax clearance certificate for three years.
  • Letter of consent to your chosen primary mortgage bank.
  • Completed mortgage loan application form.
  • Proof of National Housing Fund contribution.
  • Payslips for the previous three months

How To Apply For Federal Mortgage Bank NHF Loan

The applicant is to apply through a duly licensed and accredited mortgage loan originator (MLO) of his/her choice and not directly to the 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. Visit for more information

You may also want to read SMEDAN Sterling Bank Matching Fund Programme 2023

Security For The Loan From Federal Mortgage Bank Of Nigeria

1. The property for which the loan is sought shall serve as security for the loan.

2. The property shall conform to the existing planning laws and regulations (approved building plan).

3. The property shall possess sufficient value to recover the loan.

4. A mortgaged property shall be insured against hazards

5. The loan shall be secured by the first legal mortgage of the property between the applicant and the mortgage loan originator and assigned to FMBN.

Other Requirements For Accessing NHF Loan

Open a savings account with a registered PMB

Contribution to the fund for at least six months prior to application.

Have satisfactory evidence of the regular flow of income to guarantee the loan.

Submit photocopies of valid title documents (e.g. C of O).

Approved survey/site plans

Approved building plans

Priced Bill of Quantities where applicable

Valuation report prepared by a firm of registered surveyors and valuers where applicable

Three years tax clearance certificate

Letter of consent to mortgage to your chosen PMB

Completed prescribed mortgage loan application form

Evidence of NHF participation

Copy of payslips for the previous three months

Equity contribution of the personal stake of 30 percent, 20 percent, or 10 percent depending on the loan amount applied for loans of N15 million, N10 million, and N5 million respectively

Offer letter/Acceptance and Allocation letter (in case of government projects)

In the case of the registered self-employed applicant, a copy of the Articles and Memorandum of Association and a copy of Certificate of Incorporation as evidence of employment status must be submitted.

How Much To Apply For

A borrower is entitled to a maximum loan of fifteen million naira (N15, 000,000.00) or as determined by the Bank.

No individual should be given a loan in excess of 90% of the cost or value of the property to be mortgaged.

Equity contribution based on the new loan amounts is as follows:

N15,000,000.00 – 30%

N10,000,000.00 – 20%

N5,000,000.00 – 10%

Interest Rate

The interest rate shall be as prescribed by the National Housing Fund Act which is not more than 6% p.a.

These loans have helped people meet emergency needs, pay fees, write professional exams, make purchases and invest in their startups amongst other uses.

Federal Mortgage Bank NHF Loan 2022 Application Form

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