₦airaland Forum

Pls note, you CANNOT use d NHF to buy land.

If you are going or opting for d BUILD option,

You must have your land with a C of O or Certificate of Occupancy before applying.

Regards

Mrs Adeleye

You can get refund on your NHF contributions.

Rgds

Hello

When you reach d age of 60yrs and you did not collect any money from d Fund, you can request for a FULL REFUND.

Happy Good Friday.

Rgds

Adorn Homes Ltd. RC860200

AdornHomes:
@Mr Olusola,

Yes. We have properties and shops in Ibadan.

I hv emailed u.

Rgds

Thanks for the prompt respond , hope to get in touch with you soon and Happy Easter .

Happy Easter to U!

Regards

Adorn Homes Ltd. RC860200

AdornHomes:
@Skyspirit,

Thanks for informing the house of the increase of the NHF to N15million.

I heard that, it was going to be increased and you know Nigeria. I don't work with hearsay but facts.

@All,

It is confirmed.

Maximum is N15million.

Regards

@Adornhomes,

U are welcome. Let me also info u that when it was #5m, people used to pay between 50-70k as gratification to speed up the process, and within 3-4months they were paid 50% of their entitlements. Some later got the balance 50% after about 6months, while others didnt get theirs. I would like to know if u know have any connections in this regards. Tanx!

Introducing FMBN

Having started operations in 1956 as Nigerian Building Society, the Federal Mortgage Bank of Nigeria (FMBN) is the first operator in the Nigeria's formal institutional mortgage lending sector. The Bank thus has a history of retail, supervisory, regulatory and wholesale activities in the country's mortgage industry. The funding vehicle for its wholesale mortgage lending is the National Housing Trust Fund (NHTF). As the fallout of housing reforms started in 2002, the FMBN is now re-organized to perform mainly secondary mortgage and capital market operations. To facilitate this new role, new laws are to be enacted based on amendments already proposed to repeal the following critical laws:

> The Land Use Act 1978
> The National Housing Fund Act 1992
> The Mortgage Institutions Act 1989
> The Federal Mortgage Bank of Nigeria Act 1993
> The Trustee Investments Act 1962
> The Nigeria Social Insurance Trust Act 1993
> The Insurance Act 2002
> The Investments and Securities Act 1999
> The Federal Housing Authority Act 1990


Regards


Adorn Homes Ltd. RC 860200

Mandate of the FMBN

The Federal Mortgage Bank of Nigeria, among other services, has it's broad mandate as follows:

> Linking the capital market with the housing markets.
> Encouraging the emergence and promoting the growth of viable primary mortgage loan originators to serve the needs for housing delivery in Nigeria.
> Mobilizing domestic and foreign funds into the housing sector.
> Collecting and administering the NHF in accordance with the provisions of the NHF Act.


Regards,


Adorn Homes Ltd. RC 860200

Ownership structure of the FMBN

The new ownership structure comprises:

> Federal Government of Nigeria- 50%
> Central Bank of Nigeria- 30%
> Nigeria Social Insurance Trust Fund-20%
NB: Authorized Share Capital: N5 billion

The NHF Fund's Mission

The National Housing Fund was established by Decree No.3 of 1992 to facilitate the continuous flow of low-cost funds for long term investment in housing for the benefit of all Nigerians.
The Management of fund

The major users of our services are NHTF contributors, home loan originators (mainly PMIs and universal banks), housing estate developers (Private Developers, Housing Corporations, Housing Cooperatives) and institutional investors.
Who is to Contribute?

The Fund is to be subscribed by mandatory contributions as prescribed in the Decree - Any Nigerian earning an income of N3,OOO:OO and above per annum should contribute 2.5 percent of his or her basic monthly salary or income to the Fund. If you are self-employed or you own your own business, whether as a trader, artisan, professional, or business person, etc., you are expected to contribute to the Fund.
How to Contribute

Registration: All potential contributors to the Fund are to be registered by FMBN.
Payment of Contribution: Following your registration with the Fund, your employer is expected to deduct 2.5 percent from your salary monthly and remit to FMBN. Remittance of Contributions: Employers must deduct the appropriate amount of contribution from the salary of every worker registered with the Fund, and remit same promptly to FMBN.
Benefits of the Scheme

Housing Loan: The pool of contributions is to provide housing loan for every Nigerian at relatively low rate of interest. To borrow from the Fund you must be a contributor. Fixed Rate of Interest: The interest rate applicable at the time you take the loan will remain fixed until the loan is fully repaid.

Regards,

From the FMBN website.

Hi All,

You can add me on Yahoo Messenger, if you want to chat with Adorn Homes Ltd.

Add me as adornhomes@yahoo.com


Looking forward to helping you be a Home Owner!

Regards


Adorn Homes Ltd

Hi Friend,

Pls email us for some information about the NHF.

Adornhomes@yahoo.com

U can chat with me on Yahoo Messenger about the NHF.

Hv a fabulous Saturday!

Rgds

Hi Friend

Pls email for more info about the NHF.

Thanks

so for someone like me how can i make an application for this cos i can see on my payslip that i`ve been contributing for the past 1.5yrs and i work for the military, pls put me tru

@Awolols,

We are dealing with you already.

I am sure that, you got the info I sent u on d NHF.

Thanks

Hello Friend,

If you have any questions about d NHF, you can ask me by adding me as a contact on Yahoo Messenger!

Adornhomes@yahoo.com

Thanks

Sky Spirit:
@Adornhomes,

U are welcome. Let me also info u that when it was #5m, people used to pay between 50-70k as gratification to speed up the process, and within 3-4months they were paid 50% of their entitlements. Some later got the balance 50% after about 6months, while others didnt get theirs. I would like to know if u know have any connections in this regards. Tanx!

@Adornhomes,

Kindly respond to this.

@Skyspirit,

We don't do that.

Rgds

Hi Friend,

Do u work in an office?
Do u and your colleagues want a detailed explanation of d NHF?
Do u hold seminars in your church or business?
Have u been contributing for a long time?

I can come to your office, church, business event and give a brief seminar on d NHF and how u can access it through Adorn Homes Ltd as your Independent Mortgage Broker.
U and your colleagues can ask questions.

U can email me at adornhomes@yahoo.com.

Rgds

A member with an existing calamity loan may avail of another calamity loan, provided that his total calamity loan availment does not exceed P10,000. The outstanding balance of any earlier calamity loan will not be deducted from his new loan.

An NHF Mortgage is a Loan.

Rgds

Adorn Homes Ltd
Ground Floor,
Suite 105 Pearl Plaza,
After Doren Hospital,
Ajah

Adornhomes@yahoo.com

The Repayment Term of the NHF is 30 years compared to 4 - 10 years for mortgages in Nigeria.

It will make the monthly mortgage amount to be very low.

Thanks

I need info on this. Where in Lagos can I get property of 15m? I'm a banker and I've been contributing for almost 4years.

l will need this info later.

@AdornHomes:


Pls kindly email me @ sampivory@yahoo.com the details on having access to the loan as my contributions to the NHF is being deducted every month for the past three months

Rosellar:
I need info on this. Where in Lagos can I get property of 15m? I'm a banker and I've been contributing for almost 4years.

Agbara
Ojo
Ajah
Ibeju Lekki