Mortgage options in Nigeria, made clearer | GidiStay Mortgages
Explore mortgage options in Nigeria, including MREIF, the National Housing Fund (NHF) through the Federal Mortgage Bank of Nigeria (FMBN), NMRC-partner lender products and bank home loans. GidiStay helps salaried workers, self-employed Nigerians and diaspora buyers assess readiness, prepare documents and find a property. Lenders and programme administrators determine eligibility, rates and approval.
Who GidiStay Mortgages is for
Salaried workers in Nigeria — PAYE employees, civil servants, and NHF contributors seeking their first home or an upgrade.
Self-employed and business owners — entrepreneurs, consultants, and SME owners who need help structuring their financials for a Nigerian mortgage application.
Nigerians in the diaspora (UK, USA, Canada, Europe) — Nigerians living abroad who want to buy property back home through a diaspora mortgage product.
How GidiStay Mortgages works
Free 2-minute mortgage readiness assessment — answer 10 questions about your income, savings, timeline and property type. GidiStay instantly gives you a readiness score out of 90 and your eligibility tier: Ready, Nearly Ready, Building, or Early Stage.
Personalised document checklist — GidiStay sends you a tailored checklist of the exact documents your specific lender and situation require. Tick items off online as you gather them.
Property sourcing or confirmation — submit a property you already have in mind, or let GidiStay source options within your budget in Lagos, Abuja, Port Harcourt, or other cities.
Verification and valuation — GidiStay coordinates NIN verification, property inspection, and the official lender valuation.
Application and approval — your application is submitted to a participating lender. Typical approval time is 4–12 weeks once documents are complete.
Closing and key handover — the lender disburses funds, legal completion takes place, and you receive your keys.
Mortgage options in Nigeria GidiStay can help with
NHF (National Housing Fund) mortgage through FMBN and accredited mortgage banks — FMBN currently lists up to ₦50 million at 6% p.a. for eligible contributors; terms and eligibility apply
MREIF (MOFI Real Estate Investment Fund) homebuyer financing through participating financial institutions — check the official programme for current lenders, rates and eligibility
NMRC-related home loans — NMRC provides long-term funding to participating mortgage originators; homebuyers should check available products directly with a bank or primary mortgage bank
Commercial bank mortgages — higher loan amounts, flexible terms, for higher-income borrowers
Mortgage bank products — specialist lenders focused on residential property finance
Diaspora mortgage products — designed for Nigerians with foreign income buying property in Nigeria
Cooperative housing loans — for members of registered co-operatives
Why use GidiStay for your Nigerian mortgage?
Free assessment and document checklist — no upfront cost
Dedicated support for diaspora buyers
Property sourcing if you don't yet have a property in mind
Readiness support for NHF/FMBN, MREIF and bank mortgage pathways; GidiStay is not a lender or programme administrator
NIN-verified property marketplace for finding and verifying a suitable home
Local Nigerian team who understand the land registry, CofO, and title verification process
Frequently asked questions about mortgages in Nigeria
Can I get a mortgage in Nigeria?
Yes. Salaried workers, self-employed Nigerians, and diaspora buyers can all access mortgage financing through banks, mortgage banks, and the FMBN NHF scheme. GidiStay's free assessment tells you exactly where you stand.
How much mortgage can I get in Nigeria?
The amount depends on income, deposit, credit profile, property and lender. FMBN currently lists NHF mortgage loans up to ₦50 million at 6% per annum for up to 30 years for eligible contributors. MREIF and commercial bank terms vary; confirm current criteria with each programme and lender.
What is MREIF and how can I apply for a MREIF mortgage in Nigeria?
MREIF is the MOFI Real Estate Investment Fund, a home-financing programme delivered through participating financial institutions. Rates, eligibility rules and participating lenders can change, so check the official MREIF website. GidiStay is not a lender or MREIF administrator, but can help assess readiness, organise documents and explore property options before you apply.
What does the Nigeria Mortgage Refinance Company (NMRC) do?
NMRC provides long-term funding to participating banks and primary mortgage banks that originate home loans; it is not usually the borrower's direct lender. Ask your bank or mortgage bank which products are currently available, or read about NMRC's role in Nigeria's mortgage market.
What is the NHF loan and how do I apply?
The NHF mortgage is managed by the Federal Mortgage Bank of Nigeria (FMBN) and is available to eligible contributors through accredited mortgage banks. FMBN currently lists loans up to ₦50 million at 6% per annum for up to 30 years; contribution history, documentation and other eligibility rules apply. Check FMBN's current NHF requirements.
Can Nigerians abroad get a mortgage in Nigeria?
Yes. Several Nigerian banks offer diaspora mortgage products for Nigerians with foreign income. Requirements include foreign payslips, valid Nigerian passport, NIN, BVN, and in some cases a power of attorney. GidiStay has a dedicated diaspora pathway.
What documents do I need for a mortgage in Nigeria?
Bank statements (3–6 months), payslips or audited accounts, government-issued ID (NIN, passport, driver's licence), BVN, property title documents (CofO or Governor's Consent), and a valuation report. GidiStay sends you a personalised checklist.
Does GidiStay provide the mortgage loan?
No. GidiStay is not a lender. We help you get mortgage-ready and coordinate with participating financial institutions. The lending decision, rates and disbursement are handled by the bank or mortgage institution.
Must I already have a property to apply?
No. GidiStay can help source a property in Lagos, Abuja, Port Harcourt or other cities within your budget once your mortgage eligibility is confirmed.