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How to apply for FG loan to build, buy a house through National Housing Fund

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By Our Reporter

The Federal Mortgage Bank of Nigeria offers mortgage financing to eligible Nigerians through the National Housing Fund, providing a route to buy, build, improve or renovate a home.

The NHF Mortgage Loan is currently available to contributors at an interest rate of 6 per cent per annum, with repayment of up to 30 years.

According to FMBN on its website, the current information shows that eligible contributors can access up to ₦50 million, subject to affordability and the value of the property.

Here are the key things applicants should know about the scheme and how to apply.

What is the FMBN mortgage loan?

The NHF Mortgage Loan is a housing finance facility administered by FMBN through accredited and licensed Primary Mortgage Banks (PMBs).

The facility can be used to buy, build, improve or renovate an owner-occupied home. The property being financed serves as security for the loan.

Unlike a conventional commercial mortgage, the NHF facility is designed to provide contributors with longer repayment periods and a concessionary interest rate.

Who is eligible?

Applicants generally have to meet the following conditions:

  • Be a Nigerian citizen aged 18 or above.
  • Be a contributor to the National Housing Fund.
  • Have made continuous NHF contributions for at least six months.
  • Have a stable source of income or, for self-employed applicants, provide evidence of regular income.
  • Apply through an FMBN-accredited and licensed mortgage loan originator/Primary Mortgage Bank.
  • Have a property that meets the relevant legal and planning requirements.

FMBN also states that loan repayment affordability is assessed using a maximum of one-third of the applicant’s income.

How much can you borrow?

FMBN’s current NHF Mortgage Loan page says a contributor can access up to ₦50 million, subject to affordability and other lending conditions.

The property also matters. FMBN’s published conditions state that an individual should not receive more than 90 per cent of the cost or value of the property being mortgaged.

The older ₦15 million figure still appears in some FMBN documents and online guides, but FMBN’s current product page now states ₦50 million. Applicants should therefore rely on the latest terms provided by FMBN and their accredited mortgage institution.

What is the interest rate?

The interest rate for NHF contributors is not more than 6 per cent per annum. FMBN currently describes the facility as being provided to accredited PMBs at 4 per cent for onward lending to NHF contributors at 6 per cent.

How long do you have to repay?

The maximum repayment period is 30 years, subject to factors including the applicant’s age, income and years in service.

READ ALSO: How to Apply: ECOWAS offers $65,000 to Nigerian startups

Repayments are made through the mortgage loan originator through which the applicant obtained the loan.

How to apply

Confirm your NHF contribution
You must first be registered as an NHF contributor and have made the required continuous contributions.

FMBN now provides an online personal/individual NHF registration portal for new contributors.

Choose an accredited mortgage institution
Applicants do not simply walk into FMBN and collect the mortgage loan directly. The application is made through a licensed and FMBN-accredited Primary Mortgage Bank/mortgage loan originator, which processes the application and submits it to FMBN.

Obtain the mortgage application form
The mortgage institution will provide the relevant application form and guide you on the documentation required for your particular application.

Prepare your documents
Depending on the nature of the application, applicants may be required to provide documents such as:

  • Completed mortgage loan application form;
  • Evidence of NHF contribution;
  • Proof of income;
  • Recent payslips or other income evidence;
  • Property title documents;
  • Valuation report for the property;
  • Bill of quantities where the loan is for construction;
  • Relevant tax and employment documents; and
  • Other legal documents required by the mortgage institution.

The exact documentation can vary depending on whether the applicant is buying, building or renovating a property.

Submit the application
The application and supporting documents are submitted to the accredited mortgage institution.

The institution assesses the applicant’s income, repayment capacity, property and documentation before forwarding the application to FMBN where applicable.

Property and legal checks
The property is subjected to valuation and legal checks. FMBN’s conditions require the mortgaged property to provide adequate security and comply with relevant planning and legal requirements.

Approval and disbursement
Once the relevant conditions are satisfied and the loan is approved, the funds are disbursed through the mortgage loan originator for the approved housing purpose.

What can the loan be used for?

The NHF Mortgage Loan can be used to:

  • Buy a residential property;
  • Build a home;
  • Improve an existing home; or
  • Renovate an existing home.

FMBN specifically describes its NHF facility as covering these housing purposes.

How can Nigerians check their NHF contributions?

FMBN provides digital channels through which contributors can access information about their NHF accounts. The Bank’s website also provides online registration and account services for contributors.

Important warning for applicants

Applicants should be careful of individuals who claim they can “secure” an FMBN loan in exchange for money.

FMBN’s official website carries warnings about fraudsters posing as NHF facilitation officers. Applicants should deal only with FMBN and its accredited mortgage institutions and verify any request for payment before proceeding.

FMBN’s official website provides information on its mortgage products, NHF services and application channels.

Apply Here: https://fmbn.gov.ng/products/nhf_mortgage_loan

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NNPCL opens first self-service smart fuel station in Abuja

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The Nigerian National Petroleum Company Retail Limited has commissioned its first technology-powered self-service smart filling station in Abuja, introducing 24-hour automated fuel dispensing and electric vehicle charging services.

The facility, located along Bill Clinton Drive, Airport Road, Abuja, marks a major shift in the company’s retail operations as it moves to transform conventional filling stations into technology-driven energy, mobility and lifestyle centres.

Speaking at the commissioning, the Executive Vice President, Downstream, NNPC Limited, Dr Mumuni Dagazau, said the facility reflected NNPC Retail’s commitment to innovation, convenience, operational efficiency and improved customer experience.

Dagazau commended the Nigeria Immigration Service for providing the land and supporting the partnership that facilitated the development of the facility.

The Managing Director of NNPC Retail, Mr Huub Stokman, said the smart station demonstrated the changes taking place in Nigeria’s downstream petroleum sector and the company’s efforts to respond to changing consumer expectations.

“The facility demonstrates the changes in Nigeria’s downstream industry and our commitment to meeting consumer expectations for quality, convenience, speed and reliable service,” Stokman said.

The 24-hour facility allows motorists to dispense fuel through a self-service system, enabling customers to complete transactions independently and select the exact quantity of fuel required.

Beyond fuel dispensing, the station has been equipped with electric vehicle charging points, an automated car wash, lubricant service bay and LPG dispensing facilities.

The company also said the facility would provide other lifestyle services, while plans are underway to expand its energy offerings to include Compressed Natural Gas.

The commissioning represents a new phase in NNPC Retail’s effort to modernise its retail network and develop filling stations into smart energy, mobility and lifestyle destinations.

The company said the initiative would support the delivery of a more convenient, technology-driven and customer-focused retail experience across Nigeria.

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Xenophobia attacks: Nigeria National Assembly bans South Africa visits, boycotts legislative events

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The National Assembly has halted all official visits to South Africa and announced a boycott of legislative programmes organised or hosted by the country until further notice, following renewed reports of xenophobic attacks targeting Nigerians and other African nationals.

The decision was reached after consultations between the leadership of the Senate and the House of Representatives over reports of Nigerians being killed, injured and displaced, with some allegedly forced to abandon their businesses, investments, homes and other properties.

In a statement signed by the Clerk to the National Assembly, Kamoru Ogunlana, the leadership expressed serious concern over the situation, noting that repeated appeals by the Federal Government and other stakeholders for South African authorities to safeguard Nigerians and other foreign nationals and prosecute those responsible had failed to stop further incidents.

The National Assembly acknowledged measures already taken by the Federal Government, including efforts to assist Nigerians affected by the violence and facilitate the return of those wishing to leave South Africa.

Under the new resolution, all official trips to South Africa involving the National Assembly, its committees, lawmakers, officials and staff have been suspended.

The ban also extends to conferences, seminars, workshops, parliamentary meetings, legislative exchanges and other programmes organised or hosted by South African legislative authorities.

It further covers both physical attendance at such programmes in South Africa and participation through virtual or online platforms.

The Clerk has consequently been directed to communicate the resolution to senators, members of the House of Representatives, committees, departments, directorates, officials and staff to ensure full compliance.

According to the leadership, the suspension will remain in place until further notice and may be reviewed depending on developments.

The National Assembly’s decision is the latest in a series of measures taken by Nigeria in response to renewed hostility against African migrants in South Africa.

Nigeria commenced the evacuation of its citizens from South Africa in June following fresh reports of xenophobic attacks. The first batch of 258 Nigerians arrived in Lagos on June 11, with additional flights subsequently bringing more citizens back home.

By July 9, the number of Nigerians evacuated had reportedly reached about 1,000.

The Federal Government said Nigerians who voluntarily registered for evacuation, underwent screening and were cleared would be safely transported home.

The repatriation exercise continued in the following months. In August, 83 Nigerian returnees arrived in Lagos, followed by another 67 a week later.

Government agencies received the returnees for documentation, profiling and reunification with their families.

Beyond the evacuation exercise, Nigeria has continued to demand stronger action from South African authorities to end attacks against Nigerians.

In July, the Federal Government called on South Africa to take decisive steps against recurring xenophobic attacks. Nigeria’s Acting High Commissioner to South Africa also disclosed that the government had begun documenting businesses and properties abandoned by Nigerians who returned home, with a view to pursuing possible compensation.

President Bola Tinubu later took the matter to the African Union, seeking collective action and urging the continental body to place xenophobic and Afrophobic attacks in South Africa on the agenda of its 40th Ordinary Session scheduled for January 2027.

Vice President Kashim Shettima has equally condemned the mistreatment of Nigerians and other African nationals while maintaining that Nigeria remains committed to dialogue and peaceful engagement with South Africa.

The National Assembly, however, stressed that its latest action should not be interpreted as an attempt to damage the longstanding historical, diplomatic and people-to-people ties between Nigeria and South Africa.

Rather, it described the suspension as a firm expression of concern over the safety, dignity and welfare of Nigerians living and conducting legitimate businesses in South Africa.

The lawmakers called on the South African government to urgently take concrete steps to protect Nigerians and other African nationals, prevent further xenophobic attacks, investigate reported incidents, arrest suspected perpetrators and prosecute those found culpable under the law.

The National Assembly also urged state Houses of Assembly to take note of the resolution and consider similar measures where necessary.

It reaffirmed its commitment to protecting Nigerian citizens abroad and said it would continue monitoring developments surrounding the safety and welfare of Nigerians in South Africa.

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Terrorists kill 4 policemen, 8 others in fresh Benue attack

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Four mobile policemen and eight residents have reportedly been killed following an attack on Ayilamo community in Tombo Ward, Logo Local Government Area of Benue State.

The incident occurred on Friday morning when armed assailants invaded the farming settlement, according to residents who spoke to journalists.

The attackers, said to be more than 200 in number, reportedly entered the community through Alufu Road in neighbouring Taraba State before moving towards Ayilamo, where they allegedly opened fire on residents and set several houses ablaze.

Ayilamo, situated along the Abinsi-Tyulen-Anyiin-Wukari road, has reportedly suffered repeated attacks, prompting residents to call for a stronger security presence in the area.

A resident, Tyolumun Ugande, told journalists in Makurdi that mobile policemen stationed in the community engaged the attackers in a gun battle.

According to him, the confrontation began on Thursday night and continued for several hours before the assailants withdrew.

Ugande said the bodies of four policemen were found in the bush on Friday morning, while eight villagers were also discovered dead following the attack.
He added that several houses were burnt during the invasion.

Another resident, James Udough, said the latest incident marked the second time in a month that mobile policemen deployed to Ayilamo had reportedly been killed by the attackers.

“The bandits have been trying to set the whole of Ayilamo ablaze for more than two years now. We call on security personnel, the Benue State Government and the Federal Government to help secure our land and lives,” he said.

Some residents further linked the recurring attacks to rumours surrounding the presence of substantial mineral deposits in and around Ayilamo.

Meanwhile, the Police Public Relations Officer in Benue State, DSP Peter Aondongu, said the command would issue an official statement on the incident.

However, no statement had been released by the police as of the time of filing the report.

(DAILY TRUST)

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