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Are you aware of the ongoing opportunity for all interested and qualified Nigerians to own a house at a subsidized rate under the office of the Federal Mortgage Bank of Nigeria? As an eligible contributor to the National Housing Fund (NHF) Scheme, you could apply to own an Federal Mortgage Bank of Nigeria FMBN financed housing property loan, move in as a tenant, and conveniently pay to own it over time using the FMBN Rent-to-Own housing product.
The FMBN Rent-to-Own scheme is an innovative affordable housing product, which provides an easy and convenient payment plan towards homeownership for Nigerian workers. The scheme is specifically designed to make it possible for Nigerian workers to move into FMBN homes as tenants, pay for and own the properties through monthly or yearly rent payments spread over periods of up to 30years.
According to FMBN, payments could be made in monthly or annual installments over periods as long as 30 years – depending on age and number of years in service – at an interest rate of 7 percent.
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Product Features:
SEE ALSO- Federal Government of Nigeria Vehicle Scheme for Nigerians
An interested subscriber will visit any of the Federal Mortgage Bank of Nigeria Branch Offices nationwide to check out the available houses and prices. The applicant will then fill the form, attaching all necessary documents as stipulated and return same to the Branch Office.
For further information, kindly visit the FMBN website
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