•   Mobilization of funds for the provision of affordable residential houses for Nigerians.
  •   Commercial and Merchant Banks to invest 10% of their loans and advances portfolio.
  •   Insurance Companies are mandated to invest 20% of non-life and 40% of life funds in the housing sector with 50% of these directly in the funds.
  •   Financial contributions of the Federal Government.
  •   Mandatory contribution of 2.5% of monthly income of Nigerians earning =N=3000 and above per annum.
  •   Commercial and Merchant Banks to invest 10% of their loans and advances portfolio.
  •   Insurance Companies are mandated to invest 20% of non-life and 40% of life funds in the housing sector with 50% of these directly in the funds.
  •   Financial contributions of the Federal Government.
  •   Housing loan of up to 90% of the cost of the house.
  •   Interest on loans remains fixed throughout the life of the mortgage at 6% p.a.
  •   Long period of repayment of up to 30 years.
  •   Contributions can serve as additional old age security.
  •   Up to N15 million can be borrowed.
  •   Refunds with 2% interest on retirement.
  •   Loan repayment is about the same as a typical monthly rent.
  •   Every contributor has: a lifetime registration number, a passbook for personal recording of contributions and the account statement.
  •   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 an employer and is transferable from one employment to the other.
  •   Yearly statement of cumulative contributions plus accrued interest
  •   Apply through any accredited Primary Mortgage Bank(PMB)
  •   Applicant must provide satisfactory evidence of regular income.
   All Nigerians in employment, whether self-employed or in 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:
  •     The Federal Mortgage Bank of Nigeria (FMBN) will supply Employer Registration       Form (NHF1) to employers.
  •     Employers will complete form NHF1 and return to the nearest branch of the Federal       Mortgage Bank of Nigeria.
  •     Federal Mortgage Bank of Nigeria will register the Employer and issue an employer’s registration number.
  •     Federal Mortgage Bank of Nigeria will issue form NHF2 to employers for completion by employees or directly to self-employed or individuals.
  •     An employee will complete the form NHF2 and return it to the employer.
  •     The employer or self-employed individuals will return the completed form NHF2 to the Federal Mortgage Bank of Nigeria.
  •     Federal Mortgage Bank of Nigeria will register Employees on Form NHF2 and allocate employees' participation number to each employee/self-employed individual.
  •     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
  •     At this point, an employee is now a registered participant of the National Housing       Fund.
  •     Employer will commence deduction of contributions at source. Such deductions/contributions are remitted to the Federal Mortgage Bank of Nigeria with schedule of payment indicating the amount contributed by each employee and the period covered.
  •     Self–employed contributors will also commence monthly remittances of contributions to FMBN.
  •     Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.
  •  Refund is made to a contributor who has attained 60 years of age or has put in 35     years in service.
  •   Refund is also made to a contributor that has obtained a loan, liquidated the loan and has attained the age of 60 years or has put in 35 years in service.
  •   Retired from employment and becomes incapable of continuing the contribution to the Fund.
  •   For applicants from the underlisted professions, the retirement ages are as stated     below:
  • -   Professors, Judges, and Medical Consultants - 70 years of age
  • -   Academic, Non-Academic Staff, Judicial Staff - 65 years of age
  • -   Military Officers - 62 years of age
  •   Refund is made to the next-of-kin of a contributor in case of a deceased contributor.

  •    Documents required for refund of contribution
  •   Application letter requesting for refund of contribution.
  •   Letter of offer of appointment.
  •   Birth certificate or Declaration of age certificate.
  •   Completed NHF Contribution withdrawal forms.
  •   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)


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 a registered contributor and up to date with his/her contributions.

The 2.5% of the monthly basic salary contribution qualifies 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.

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

No. the loan amount is determined by the applicant's affordability. This entails his/her income level that will enable repayment of 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 depending on the loan amount applied for.

NHF housing loans are repaid in monthly installments from the income of the beneficiary. This mode of repayment has the advantage of being both affordable and convenient.

Yes. A prospective applicant can liaise with a mortgage loan originator (e.g. PMB etc.) in Nigeria to process a loan application.

The property can be located anywhere in Nigeria. The applicant must however provide acceptable title documents to the land.

The only collateral is the property to secure the loan for. No other collateral is needed for the loan.

A contributor can only obtain an NHF loan facility once in a lifetime.

A contributor is eligible to access a maximum loan amount of =N=15 million repayable over a maximum period of 30 years at an affordable interest rate of 6%.

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 acceptable title to the land prior to the application for an NHF loan.

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

The bank can finance the building of staff quarters and student hostels in Higher Institutions of Learning if they are under a registered Co-operative body which makes them eligible to access the Cooperative housing development loan (CHDL) and subsequently purchases the funded houses through NHF. Students’ hostels are currently not financed by the bank since they are transit accommodation. However, the bank is making the necessary arrangements in regard to funding of students hostels in the near future

Yes, self-employed NHF contributors can access construction loan to develop their personal residential properties.

Yes, R-of-O can be used as a title document on the condition that the owner will submit evidence of processing the Certificate of Occupancy (C-of-O) and the undertaking that the C-of-O will be deposited in the Bank when it is obtained.

Yes, a Co-operative Society can use its own in-house professionals to access CHDL as long as they are qualified professionals and possess the necessary certifications and experience.

No, the Bank does not accept letter of Grant in accessing construction and NHF loans.

It is not within the mandate of FMBN to construct houses directly for NHF contributors.

Customers cannot edit their profile on these platforms however they can do this through the Update Form available on the FMBN website, or by visiting the nearest branch office for the update.

If you have previously registered or updated your Mobile Number with FMBN, you can retrieve your NHF Number while on the go. To commence, follow the following steps:
  • - Dial *219# USSD code and Send
  • - Type 3 and Send
  • - Your NHF number will be displayed.
Follow the steps below to start receiving alerts with total contribution:
  • - Visit the FMBN website and complete the Update Form, or by visiting the nearest FMBN Branch office to update your phone number.
  • - If the above has been done, speak to a staff in the Branch office to check if the contribution schedule that has your name has been uploaded

Yes, Staff in our Branch offices have access to an application to produce statement of account for Federal Workers

This can be affected by 3 factors

  1. PMB delay: most of the time the applications are delayed by PMBs due to their internal processes.
  2. Quarterly approval of Loans by the board also contributes to the delay
  3. Lack of availability of interim security to drawdown on the loan

This is labor law in Nigeria that no organization can deduct more than ⅓ of an applicant’s monthly income on any loan. Labour Act, 1974 stated that “any other provision of this Act, the total amount of deductions that may be made from wages of a worker in any one month shall not exceed one-third of the wages of the worker in that month".

FMBN is working with the PMBs to harmonize all charges and to also educate applicants on all official charges.

Yes, because Deed of Assignment is a document that transfers ownership when it is duly registered.

No, pension contribution cannot be used as an equity contribution or personal stake.

Yes, the person must be a consistent NHF contributor for at least 6 months.

The NHF Act states that NHF contributions can only be refunded to a contributor that has attained 60 Years of Age or has put in 35 years in service.

NHF Refunds for Federal workers and other contributors are not decentralized as their contributions are centrally collected through IPPIS.

The Rent-To-own Product is structured for the formal sector such that Rental payments will be deducted at source by the employer, as such, self-employed are not eligible to apply for Rent-To-own.

A contributor can apply for an NHF loan after benefitting from HRL however, such contributor must have liquidated the Home Renovation Loan granted to him or her.

Yes, HRL is a revolving loan. A contributor can apply for an NHF loan upon liquidation of his or her existing Home Renovation Loan.

However, at the point the contributor owns a house through either of the Bank's windows (NHF or RTO), he can not apply for an HRL loan any longer.

The Home Renovation Loan is structured for the formal sector such that the loan repayment will be deducted at source by the employer, as such; an Informal Sector Cooperative member and self-employed individuals are not eligible to apply for Home Renovation Loan.