New Complete List of Licenced Mortgage Lenders in Nigeria

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Also, The loan Transaction consists of two main Documents namely: The Mortgage (or Deed of Trust) and a Promissory Note. The Mortgage or Deed of Trust is the document that pledges the property as security for the debt and permits a lender to Dispose if you fail to make the monthly payments While A Promissory Note is a written promise to pay at a fixed or determinable future time.

Types of Mortgage Loans

They are various types of Mortgage and they are;

  • Conventional Mortgages.
  • Fixed-Rate Mortgages.
  • Adjustable-Rate Mortgages.
  • FHA Loans.
  • USDA Loans.
  • VA Loans.
  • Jumbo Loans

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The Mortgage Loans Requirements

Below are the Mortgage Loans Requirements;

  1. You have to open a savings account with a licensed Primary Mortgage Institution (PMI) if you do not have one
  2. Then Contribute to the NHF fund for a minimum of 6 months
  3. Provide valid document titles for the collateral
  4. And also Provide an approved building plans
  5. The evidence of a satisfactory regular flow of income to guarantee the loan is needed also
  6. Detailed bill of quantities where necessary
  7. Finally An Approved site/ survey plans is required

List of Licensed Mortgage Lenders in Nigeria

The Central Bank of Nigeria has licensed  Only These 35 primary mortgage lenders in Nigeria. And They include:

  1. Abbey Building Society Limited Mortgage Lenders
  2. AG Homes Savings and Loans Limited
  3. Akwa Savings and Loans Limited
  4. Aso Savings and Loans PLC
  5. Brent Mortgage Bank
  6. Centage Savings and Loans Limited
  7. City Code Savings and Loans Limited Mortgage Lenders
  8. Coop Savings and Loans Limited
  9. Delta Building Society Limited
  10. FBN Mortgages
  11. FHA Homes Savings and Loans Limited Mortgage Lenders
  12. First Generation Homes [Savings and Loans] Limited
  13. Gateway Savings and Loans Limited
  14. Global Trust Savings and Loans Limited
  15. Haggai Savings and Loans Limited
  16. Homebase Savings and Loans Limited
  17. Imperial Homes Mortgage Bank Limited
  18. Infinity Trust Mortgage Bank Limited Mortgage Lenders
  19. Jigawa Savings and Loans Limited
  20. Jubilee-Life Savings and Loans Limited
  21. Kebbi State Home Savings and Loans Limited
  22. Lagos Building and Investment Company Limited
  23. MayFresh Savings and Loans Limited
  24. MGSL Mortgage Bank
  25. Mutual Alliance Savings and Loans Limited
  26. New Prudential Building Society Limited
  27. Nigeria Police Mortgage Bank
  28. Omoluabi savings and Loans Mortgage Lenders
  29. Platinum Savings and Loans Limited
  30. Refuge Home Savings and Loans Limited
  31. Resort Savings and Loans PLC
  32. Safe Trust Savings and Loans Limited
  33. STB Building Society Limited Mortgage Lenders
  34. TrustBond Mortgage Bank PLC
  35. United Mortgage Limited

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