₦airaland Forum

Can I get details for the mortgage
akdam_multiwealth@yahoo.com

Akdams: The first batch has just been approved by CBN/FMBN for my PMB. Disbursement will start any moment soon. So what are you still waiting for.

next set of batches are being compiled.

............. and i bet you wont want to miss the next batch.

Akdams: The first batch has just been approved by CBN/FMBN for my PMB. Disbursement will start any moment soon. So what are you still waiting for.

next set of batches are being compiled.

............. and i bet you wont want to miss the next batch.

dare0834: Hi Akdams, please send an email to me dare834@gmail.com, i am interested

Check your mail.

chiboy11: Plss am intrested send me a mail
IAMCHIBOY@gmail.com

Tnks

check your mail.

The first batch has just been approved by CBN/FMBN for my PMB. Disbursement will start any moment soon. So what are you still waiting for.

The first batch has just been approved by CBN/FMBN for my PMB. Disbursement will start any moment soon. So what are you still waiting for.

anthagun: Thanks for your response, please send me your details - email + phone number - so we can set the ball rolling.

have replied.
thank you

Delafruita: Please send mail to cornellrealtors@gmail.com

Have sent it. check your mail.

anthagun: Is this scheme available to people that reside and work overseas?

Available to everybody. As long as you are a Nigerian where you reside or live is not a factor (at least for now), you are a contributor to the scheme and you have a qualified PMB.

how do they know that a client has signed up.

25 views....... 2 no comments....more than serious. this is not joking o.

is it oloowoora or omole 2.
it it 1 year rent and agency/agreement

let me know.

pics

NA WAOH!!!!!

MANGAM: Noted. I will try and see if I can meet up. Pls moderator I wil need ur personal contact mine is talk2manga@yahoo.com

good morning,
check your mail

uboma: @ op, do you work there? If yes, kindly gimme me your contact. My email and bbm pin are on my signature.

i work there, in a mortgage bank.
check your email.

MANGAM: The conditions ar just too much and ridiculous

Not too much i tell you.
its just that people do not really understand how it works, the documents required and so on.
apart from those personal individual requirements, the property you want to buy, construct or renovate will carry others. the remaining documents;your PMB provide that.

NHF Home Ownership Scheme

This scheme is powered by the National Housing Fund and administered by the Federal Mortgage Bank of Nigeria [FMBN] through a Primary Mortgage Institution. The aim is to provide affordable housing to the teething number of Nigerian workers who would otherwise not have access to mortgage finance at such affordable rate and long, convenient tenor such as the one offered through this scheme . The loans are specifically meant for the participating members of the scheme who contribute to the National Housing Fund (NHF). That is, anyone who is a regular contributor and has contributed for a minimum period of 6 [six] months is eligible to apply for the loan. The contribution is usually deducted at salary source by the human resources of the organizations where the applicant works. And, the NHF act of 1992 makes this makes this contribution compulsory, while offering the contributors the opportunity to enjoy the numerous benefits of the scheme

The general qualifying criteria for all applicants is as follows:

1. applicants must be above 18 years of age
2. applicant must be a contributor to the National Housing Fund for a minimum of 6 [six months]
3. the applicant contributes only 2.5% of his/her monthly basic salary or pay to the fund.
4. Applicant must have satisfactory evidence of regular flow of income to guarantee loan repayment.
5. The loan shall be for the purpose of building, purchasing, or renovating a residential accommodation.
6. The loan shall not be used to refinance any residential property.
7. Applications must be made through a Mortgage Loan Originator, [MLO] and not directly to Federal Mortgage Bank of Nigeria [FMBN]
8. Applicants forms for NHF loans are obtainable from Refuge Homes Savings & Loans
9. the property for which loan is sought to finance shall serve as security for the loan
10. the property must have a valid title document [C of O]
11. the property shall conform to the existing planning laws and regulations [approved building plan]
12. the property shall possess sufficient value to recover the loan
13. the property shall be insured against all hazards
14. the loan shall be secured by first party legal mortgage on the property between the applicant and PMB and assigned to FMBN.
15. Each applicant shall be entitled to a maximum loan amount of N15,000,000.00 [Fifteen Million Naira Only] or as determined by the bank
16. no individual shall be given a loan in excess of 90% of the cost or value of the property to be mortgaged.
17. the loan amount an applicant is eligible for is calculated on the basis that he/she does not utilize more than one-third [1/3] of gross monthly pay to service the loan.

18. Equity contribution shall be as below:

Loan Amount N Equity Contribution Amount N
10.1M -15M 30% 3,030,000 - 4,500,000
5.1M -10M 20% 1,020,000 - 2,000,000
1M - 5M 10% 100,000 - 500,000




19. Interest rate shall be as prescribed by the National Housing Fund Act which is not more than 6% per annum, and shall be fixed throughout tenor.
18. the maximum repayment period shall be 30 years [but shall not exceed the
applicant’s 60th year.
19. the individual borrower shall make repayment through the mortgage loan
Originator.

i need a two bedroom under your package. how does it work.

omobaba101: I'm interested in this Cooperative, but not resident in Lagos, do you think it can work for me? Can I get a mail from you at precmage@gmail.com on this please. I'm expectant really.

you can check your mail

delgroveng: Cooperatives are managed like a Mutual Fund...it seeks to serve the interest of its members. Members usually have a common ideology, provide better fast food joint, farmer's Cooperatives, distributor's Cooperatives. Like farmers cooperative go as far as harvesting and buying from members at competitive rates, also own a small processing plant for the harvested commodities to be processed (value added) and turning it into pdts for sale. It's good Cooperatives have good leaders and managers to take it to the next level of just relying on small revenue generation from application forms and interest rate...will drop a few tips later for those who own or are among the board of trustees

you are very much welcome.

back on board.
more facts to come.
more contributions are welcome.

@integrity... how far.

Buhari is a bad market for any serious party.

Any issue with the car?

Location for inspection.

Our Messenger Angel......
Still counting..........

400k.

dgov: The price is N950,000 and location is Ibadan.

What obout the mileage reading.
The tinted glass has to be registered.

All other things being equall. If you can allow 750k. We can continue from there

How much last.
And what's the location.