Did you know? As an eligible contributor to the National Housing Fund (NHF) Scheme, you could apply to own a 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 home ownership 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 instalments over periods as long as 30 years – depending on age and number of years in service – at an interest rate of 7 per cent.
For further information, kindly visit the FMBN website by clicking here
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