Some months back, i commented on someone 's post about the availability and functionality of Mortgage Banks in Nigeria, got lots of calls and was able to give out answers as to their questions.
Today i want to state here that Mortgage Banks are functional here in the country but the major challenge is, unlike commercial banks that have presence every where mortgage banks are mostly regional banks.
The sole or its primary purpose is for loan disbursement for mortgage purpose however people to to shy away because of interest rate, but ignores the flexibility of the repayment plan.

For the purpose of being brief, here are some benefits you can actually get, i would tailor it to where i work.
1. Accessing NHF (NATIONAL HOUSING FUND)
2. Accessing Quick and fast loan for rent and school fees (tenor 12 Months)
3. Mortgage loan in full
4. Mortgage loan in stages (financing building project in batches eg land acquisition, foundation, window level, roofing etc
5. Project advisory
6. Saving scheme etc
And more, however for more information and insight i can be reached via whatsapp on 08064134851

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Prechy08:
Some months back, i commented on someone 's post about the availability and functionality of Mortgage Banks in Nigeria, got lots of calls and was able to give out answers as to their questions.
Today i want to state here that Mortgage Banks are functional here in the country but the major challenge is, unlike commercial banks that have presence every where mortgage banks are mostly regional banks.
The sole or its primary purpose is for loan disbursement for mortgage purpose however people to to shy away because of interest rate, but ignores the flexibility of the repayment plan.

For the purpose of being brief, here are some benefits you can actually get, i would tailor it to where i work.
1. Accessing NHF (NATIONAL HOUSING FUND)
2. Accessing Quick and fast loan for rent and school fees (tenor 12 Months)
3. Mortgage loan in full
4. Mortgage loan in stages (financing building project in batches eg land acquisition, foundation, window level, roofing etc
5. Project advisory
6. Saving scheme etc
And more, however for more information and insight i can be reached via whatsapp on 08064134851

Already inquired from them but the first thing was if a land that one acquires has the CofO already. Without this, going further is very hard