Hello NLRS,

I received with elation a provisional offer letter of a mortgage loan backed by the federal government. But to my utter dismay, Haggai Mortgage Bank is providing it on behalf of FGN @ 14.5%. Even Lagos State Mortgage is @ 9.% so why would a fed. Govt. Backed Loan be offered at such rate.

Pls did anyone get this offer too? Can this attempt to make housing unreachable be brought to the attention of the body in charge? Can we enlist under another Mortgage company if Haggai wants to rob us blind? It seems the ploy is to discourage people. Can someone assist? I attached a copy of the offer

Na wa o! I bin dey think say this one go make sense pass. I did get a mail from ASo savings and loans but I am yet to receive an offer from them. I think we owe it to ourselves to bring this to the knowledge of all Nigerians. They owe us explanation why this initiative is similar to any other mortgage even after all the publicity andd collaborations from the world bank, Federal Ministry of Finance,ettc. They need to make us understand

this is even the cheapest i have seen for this fed govt rate . one of the pmi' s based in lag offered my friends 22.5%

i tire ooo.

I also got the same offer letter from Haggai and its 14.5% fixed rate. Well I have accepted the offer because it seems to be the lowest have heard of on this FG scheme,others are offering something way higher.

Fashola is offering 9% but the houses are far too expensive and its even by ballot so you might not even get the house even if you are qualified to.