To Many Nigerians, the mortgage sector in the country has been comatose. However, in the last couple of years, the sector seems to have evolved with innovative and creative initiatives and products coming the way of home-seeking Nigerians. The National Housing Fund (NHF) has made access to affordable mortgages relatively easy, fixing it at an interest rate of six percent. The NHF is supervised by the Federal Mortgage Bank of Nigeria (FMBN). In the last two years, the bank has shown significant improvement in its performance and impact.
To Many Nigerians, the mortgage sector in the country has been comatose. However, in the last couple of years, the sector seems to have evolved with innovative and creative initiatives and products coming the way of home-seeking Nigerians. The National Housing Fund (NHF) has made access to affordable mortgages relatively easy, fixing it at an interest rate of six percent. The NHF is supervised by the Federal Mortgage Bank of Nigeria (FMBN). In the last two years, the bank has shown significant improvement in its performance and impact.