2022/2023 Federal Mortgage Loan Application Is Out, Apply Now - NicheSlide

2022/2023 Federal Mortgage Loan Application Is Out, Apply Now

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Mortgage Loan Application Form from Federal Mortgage Bank is now open for 2022/2023. Read carefully below on how to apply.

It is no gainsaying that housing deficient in the country is at an alarming stage hence this particular loan intervention will go a long way to help individual, families and corporate bodies.

Many people are searching for Housing Loan, Estate Development Loan, Diapora NHF Mortgage Loan,Construction Loan,Rent to Own Loan, Home Renovation Loan are all covered in this current Federal Mortgage Loan Application Form.

A Mortgage Bank is a specialize financial institution that give loan and other credit facility to people who are into housing construction. The bank give out large sum of money and the receivers pay in small installment for between 5 to 20 years.

A borrowers of Federal Mortgage Loan can be eligible for a maximum loan of #15 million.

Mortgage Bank Estate Development Loan
Mortgage Bank Federal Housing Loan
Mortgage Bank Home Renovation Loan
Mortgage Bank Diaspora NHF Mortgage Loan
Mortgage Bank Rent to Own Loan
Mortgage Bank Construction Loan

Requirements

Applicants must be 18 years and above
Savings account with a registered primary mortgage bank.
Contribution to the fund for a minimum of six months.
Proof of regular flow of income.
Photocopies of other substantiating title documents.
Survey and site plans.
A copy of an approved building plan
Bill of Quantities (if you have one)
Valuation report prepared by registered surveyors and valuers where applicable.
Tax clearance certificate for three years.
Letter of consent to your chosen primary mortgage bank.
Completed mortgage loan application form.
Proof of National Housing Fund contribution.
Pay slips for the previous three months.
For a self-employed applicant, a copy of Articles and Memorandum of Association and a copy of Certificate of Incorporation should be submitted.

How to Apply

To get Mortgage Loan,apply via Official Website

Institutional borrowers can apply directly to the Federal Mortgage Bank of Nigeria for the loan (FMBN)
Individuals can only apply through a Primary Mortgage Bank (PMB) of their choice that is fully licensed. However, you cannot apply for the loan directly through FMBN.
Interested applicants must get the loan applications from the same Primary Mortgage Institution.
To use the national housing fund facility, you must have registered your principal mortgage institution with FMBN.
Code to check Federal Mortgage Loan Transaction
The USSD CODE to use in order to carry out those transactions is *219#
Federal Mortgage Loan USSD CODE Transaction work out this way, just:

Dial *219# and send
Type 2 and send
Enter 1 and send
Enter the exact month that’s 1 to 12 and send it.

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