•  Registration via NHF 1 (employer) and NHF 2 (employee) forms.
  •  Deducted monthly contributions remitted to FMBN promptly. At least 6 months contributions should be made. Passbook to be updated by employer and is transferable from one employment to the other. Yearly statement of cumulative contributions plus accrued interest available.
  •  Apply through any accredited Primary Mortgage Institute (PMI)
  •  Applicant must provide satisfactory evidence of regular income.

Who can benefit from the scheme?

The NHF scheme is for Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans e.g. civil servants, traders, artisans, commercial drivers etc. Any intending beneficiary must be registered contributor and up to date with his/her contributions.

How can only 2.5% of my monthly basic salary’ or income be sufficient to obtain loan, to build a house?

The 2.5% of monthly basic salary contribution qualify you to access the loan. The pool of funds created by the contributors nationwide becomes available to any contributor to borrow from, after contributing for a minimum of six months.

How does a contributor obtain NHF loan?

A contributor interested in obtaining NHF loan applies through a registered and duly accredited mortgage loan originator (e.g. PMI), who packages and forwards the application to FMBN.

Is it the monthly contribution that determines the loan amount?

No. the loan amount is determined by the applicant’s affordability. This entails his/her income level that will enable repayment of the loan.

What are the documents required when applying for the loan?

Documents required to process a loan include:

1. Completed application form.

2. Photocopy of title documents

3. Current valuation report on the proposed house to buy or bills of quantities (BOQ) for the house to build.

4. Three years tax clearance certificate.

5. Evidence of NHF participation

6. Copy of pay slips for the previous three months.

7. Equity contribution or personal stake of 30%, 20% or 10% depending on the loan amount applied for.

What is the mode of repayment?

NHF housing loan are repaid on monthly installation from the monthly income of the beneficiary this mode of repayment has the advantage of been both affordable and convenient.

Can a contributor obtain NHF loan, if a mortgage loan originator is not in his/her state?

Yes. A prospective applicant can liaise with a mortgage loan originator (PMI etc.) in a neighboring state or anywhere in Nigeria to process a loan application. Also, some PMIs are subsidiaries of banks; these banks may operate a desk on behalf of its subsidiary (i.e. MLO)

Are there restrictions as to where a contributor can build his/her house?

The property can be located anywhere as long as it is within Nigeria. The applicant must however provide acceptable title documents to the land.

How can a low income earner get collateral for a loan?

The only collateral is the property in question. No any other collateral is needed to secure the NHF loan.

How many times can I get NHF loan?

A contributor can only obtain NHF loan facility once in a life time.

What is the maximum loans amount and repayment time for NHF loans?

A contributor is eligible to access a maximum loan amount of N15million repayable over a maximum period of 30 years at an affordable interest rate of 6%

Can I obtain NHF loan to purchase a piece of land to build a house?

No. A prospective applicant who wishes to obtain a loan to build a house is expected to have his/her land as well as an acceptance title to the land prior to the application of NHF loan.

Can I get loan as an individual to build a house or must I buy a government owned estate or a private estate developer?

Yes. You can apply as an individual for NHF loan to develop a land or buy directly from government consort estate or private estate developer.

NHF – Procedure for Registration

All Nigerians in employment, whether self-employed or paid employment, are required by the NHF Act No. 3 of 1992 to contribute 2.5% of their basic salary/income to the fund.

The procedure for registration is as follows:

1. The federal mortgage bank of Nigeria (FMBN) will supply             Employer Registration form (NHF1) to employers.

2. Employers will complete form NHF1 and return to the nearest   branch of the federal Mortgage Bank of Nigeria.

3. Federal Mortgage bank of Nigeria will register the Employer and issue an employer’s registration number.

4. Federal Mortgage bank of Nigeria will issue form NHF2 employers for completion by employees or directly to self-employment or individual.

5. Employee will complete the form NHF2 and return to the employer.

6. The employer or self-employed individuals will return completed form NHF2 to Federal Mortgage Bank of Nigeria.

7. Federal Mortgage Bank of Nigeria will register Employees on form NHF2 and allocate employees participation number of each employee/self-employed individual.

8. Federal Mortgage Bank will issue a passbook to each of the registered employees where the monthly deduction of his/her 2.5% basic salary will be posted by the employer.

9. At this point, an employee is now a registered participant of the National Housing Fund.

10. Employer will commence deduction of contributions at source such deductions/contributions are remitted to Federal Mortgage Bank of Nigeria with schedule of payment indicating the amount contributed by each employee and the period covered.

11. Self-employed contributors will also commence monthly remittances of contributions to FMBN.

12. Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.

NATIONAL  HOUSING FUND – Conditions for NHF Refund


1. Refund is made to a contributor who has attained 60 years of age or has put in 35 years in service.

2. Refund is also made to a contributor that has obtained a loan, liquidated the loan and has attained the age of 60 years or have put in 35 years in service.

3. Retired from employment and becomes incapable of continuing the contribution to the fund.

4. Refund is made to the next-of-kin of a contributor in case of a deceased contributor.

Document required for refund of contribution

  • Application letter requested for refund of contribution
  • Letter of offer of appointment.
  • Photocopy of retirement letter.
  •  Letter of introduction from former Employer.
  • Birth certificate or Declaration of age certificate
  • Completed NHF Contribution withdrawal forms.
  •  NHF passbook.
  • Bank Account details through which refund would be paid.
  • Medical Report of incapability to continue contributions due to failing health
  • Letter of administration & Death Certificate (in case of a deceased contributor)
  • Evidence of contribution (Receipt) for self-employed contributor
  •  Biometric Verification Number (BVN)

Are you a Land owner in search of a Developer?

Are you a prospective house owner desirous of accessing the NHF loan?

Do you want to become a REVAAMP Agent and enjoy the opportunity of earning income and owning land without running around?

Do you want to earn income under any of the following categories: Estate valuer, Solicitor, Property Developer, Contractor, Architect, Building materials supplier, Project Manager, and Value Partner?

Register under any category or categories, to participate in our  Real Estate Value Aggregation and Maximization ProgrammeREVAAMP

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