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Nairaland Forum / Nairaland / General / Properties / Govt Directs Mortgage Institutions To Process 66,400 Applications (14181 Views)
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Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by sirugos(m): 10:03pm On Sep 13, 2014 |
constance500: Is typing....guy this is nairaland not wazapp |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by zomoears(m): 10:07pm On Sep 13, 2014 |
kaorama: From where will a civil servant get about N100,000 to pay per month for the 3- bedroom flat? Wondering how u arrived at dis figure... 2 Likes |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by shevon: 2:39am On Sep 14, 2014 |
Raphew: Are these houses already been built and where are the locations? I applied too and I selected Oshodi-Isholo as my preferred area. someone should please educate me. ThanksYou would have to seek out a house within Oshodi-Isolo when you application is approved. The FG do not have any building they are selling, they will assist with the purchase after you have made your 20% (of value of the property of your choice) available. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by Nobody: 8:17am On Sep 14, 2014 |
[quote author=zomoears] Wondering how u arrived at dis figure...[/quote I got it from their site. You can check it and confirm cos the re-payment plan is laughable. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by Nobody: 8:51am On Sep 14, 2014 |
shevon: Thanks. Am grateful. 1 Like |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by zomoears(m): 1:25pm On Sep 14, 2014 |
[quote author=kaorama][/quote] site address please...so I can check too. thanks. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by tunai(m): 2:33pm On Sep 14, 2014 |
shevon: Oh I was thinking the the estates are already built and what one just have to do is to access the mortgage,pay equity and pack in, just like the Lagos homes by Fashola. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by tunai(m): 2:37pm On Sep 14, 2014 |
shevon: So why don't they list the 17 primary mortgage institutes that are instructed to prequalify applicant so one can follow up 1 Like |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by prettiest1(f): 4:34pm On Sep 14, 2014 |
gbaskiboy: OMG! U need to forgive me I forgot to edit it.Lol. You are forgiven. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by shevon: 6:03pm On Sep 14, 2014 |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by shevon: 6:04pm On Sep 14, 2014 |
tunai:I honestly don't know and wasn't even thinking about that aspect. I'll see if I can find out the mortgage and financial institutions involved and post my findings. Thanks for the question, I need an answer to that too. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by deji47: 11:01pm On Sep 14, 2014 |
shevon: Since it now has to do with you finding a house yourself can I who picked a 2bedroom flat find a 3bedroom as long as I can pay the 20% of the 3bedroom flat? 2) What if its a land you get, will they develop it or give the money to develop it yourself? Thanks |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by erico2k2(m): 9:49am On Sep 15, 2014 |
shevon:Pk seen.same system as the Govt help to buy scheem we av in the UK at the moment.Now 20% of howmuch? Did they state the minimum payment time? |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by erico2k2(m): 9:59am On Sep 15, 2014 |
moyinoluwabun: has it gotten to level of depositing?Well yout question has been answered yes %20 of thr value of the property..So if the value is N5mmill you deposit N1m.the balance U devide among the years U got remaining in service on average I think it will be 20 years since most people join the civil service in thier 30s |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by erico2k2(m): 10:16am On Sep 15, 2014 |
shevon:So technicaly if a person above 45 is a no no with this system cos he or she is out of service b4 the 20 years |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by shevon: 1:03pm On Sep 15, 2014 |
erico2k2:You might be right but no mention was made about the age range. It might be a criteria for screening though. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by shevon: 1:30pm On Sep 15, 2014 |
deji47:My brother, I be applicant like any other person. From what I read, it says applicant will choose a house, meet the requirements and the deal will be closed. I think you should check the FAQ on their website (housingfinance.gov.ng) or contact them with your concerns and see if they will provide you with adequate information. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by shevon: 1:31pm On Sep 15, 2014 |
erico2k2:No, but you have up to 20 years to repay the loan and you can access up to N20m. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by pinetulips(m): 3:30pm On Sep 15, 2014 |
moyinoluwabun: Nice one. I applied and hope I'm considered. Nigeria moving forward. I beg ejoor write the site or how u take apply. Make I still know, so that if window open I go apply 2 |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by moyinoluwabun(m): 5:23pm On Sep 15, 2014 |
pinetulips:https://www.housingfinance.gov.ng/ |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by erico2k2(m): 8:18pm On Sep 15, 2014 |
shevon:Yeh I suspect so, same as they all do. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by Nobody: 3:54pm On Oct 12, 2014 |
Has anyone received any feedback on this? |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by powersunny: 4:21pm On Oct 12, 2014 |
I am also interested in getting any update on this, if any oo. Let them not pass this one behind us oo. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by tunai(m): 8:48pm On Oct 12, 2014 |
Mortgage institutions have started rolling out mails to successful applicants, @ least am sure of imperial homes. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by tunai(m): 8:49pm On Oct 12, 2014 |
[quote author=tunai post=27089150]Mortgage institutions have started rolling out mails to successful applicants, @ least am sure of imperial homes,my brother got a mail from them last Friday and am seriously hoping I will get mine soon |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by Nobody: 6:13am On Oct 13, 2014 |
[quote author=tunai post=27089196][/quote] Wow that's great. So is he getting his house soon? |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by deji47: 1:25pm On Oct 13, 2014 |
We are glad to inform you that your application for mortgage under the Fed. Govt. Housing Finance Scheme has been forwarded by NMRC to.......for processing. Did anyone in the house get the above message? |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by dvstan: 7:56pm On Oct 15, 2014 |
Got this same mail and a text message. However, the phone numbers to call aint going through, No response to the email to Imperial yet. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by dvstan: 4:45pm On Oct 20, 2014 |
This scheme was advertised as 6%, Why is Imperial asking for 17%? |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by Nobody: 7:19pm On Oct 20, 2014 |
Exactly. I don't understand these people. |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by tunai(m): 7:49pm On Oct 20, 2014 |
Am really discouraged now,I was also told 17% too when i called them today.while okonjo Iweala was shouting one digit interest. The imperial lady I spoke with also told me there are no built houses by the FG that I have to source for the house myself ! |
Re: Govt Directs Mortgage Institutions To Process 66,400 Applications by dvstan: 8:37am On Oct 21, 2014 |
I bet you're not as discouraged as i am... I was really counting on this and get to love PDP ... I knew all along there was never FG built houses, we were to scout for houses while they fund it, Not a bad idea but now its worse cos my emotions have been messed with |
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