NHF Loan Application Form – federal mortgage bank loan

NHF Loan Application Form – federal mortgage bank loan See information on how to apply  for FMBN Home Renovation Loan in 2022.

The NHF scheme is for Nigerians from all walks of life who cannot afford commercial housing loans, notably those from low and middle income groups, including as civil servants, dealers, craftsmen, and commercial drivers. Any intended beneficiary must be a registered donor who is current on his or her payments.

Federal Mortgage Bank of Nigeria (FMBN) was established in 1956, known then as the Nigerian Building Society (NBS), a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria.

How do I apply for a NHF Loan Application Form?

Requirements for accessing an NHF Loan
  1. Open a savings account with a registered Primary Mortgage Institution (PMI)
  2. Contribution to the fund for at least six months prior.
  3. Have satisfactory evidence of regular flow of income to guarantee the loan.
  4. Submit photocopies of valid title documents (e.g. C of O)

How long does it take to get NHF loan?

How long does it take to process NHF Loan? It takes at least 3-6 months depending on the geographical location of the property and customer’s ability to satisfy all the requirements.

What are the documents required when applying for the NHF Loan Application Form?

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.

How to register for the National Housing Fund Loan

  • Form NHF1: Employers will receive the employer registration form (NHF1) from the Federal Mortgage Bank of Nigeria (FMBN). Employers must complete the NHF1 form and deliver it to the Federal Mortgage Bank of Nigeria’s nearest branch.
  • Employer’s registration number: Following submission, the Federal Mortgage Bank of Nigeria will register the employer and give an employer’s registration number.
  • Form NHF2: The Federal Mortgage Bank of Nigeria would distribute form NHF2 to employers for completion by employees, or to self-employed or individual customers directly. Employees will complete and send the NHF2 form to their employer. Federal Mortgage Bank of Nigeria would receive completed form NHF2 from the employer or self-employed persons.
  • Employee/self-employed participation number: Employees will be registered on Form NHF2 by the Federal Mortgage Bank of Nigeria, and each employee/self-employed individual will be assigned a participation number.
  • Passbook: Federal Mortgage Bank will provide each registered employee with a passbook in which the employer will record the monthly deduction of his or her 2.5 percent basic income. An employee is now a registered participant of the National Housing Fund at this time.
  • Deduction: Contributions (2.5 percent) will be deducted at the source by the employer. Such deductions are submitted to the Federal Mortgage Bank of Nigeria along with a payment schedule detailing the amount contributed by each employee and the time period covered. Self-employed contributors will also begin sending contributions to FMBN on a monthly basis.
  • Receipt of payments: The Federal Mortgage Bank of Nigeria will take donations and provide payment receipts.

Only registered members who pay deducted monthly contributions to the National Housing Fund from their paycheck (for at least 6 months) are eligible for a loan. For more information regarding the  NHF Loan Application Form, visit www.fmbn.gov.ng/