Federal Government has just approved 0% equity contribution for housing loans of ₦5M and below for all adults Nigerians of 18years and above, working in public or private sector. The loans which can be for a maximum duration of 30years, must be accessed through a PRIMARY MORTGAGE INSTITUTION (PMI).
The Federal Government has also approved the reduction in equity contribution for housing loans of ₦6m to ₦15m from 20% to 10%.
For assistance on how to become a contributor and obtain a loan from the National Housing Fund, you can register as an off- taker under the REAL ESTATE VALUE AGGREGATION AND MAXIMIZATION PROGRAMME – REVAAMP – click here to register.
