The maximum loan accessible by any contributor is N5 million. The lending rate is 6% per annum. Repayment period is 30 years maximum subject to the applicant’s present age. Maximum repayment period is determined by deducting the applicant’s present age from 60.

1. Land Ownership with transferable title. ( Original for sighting and a copy) Note: Allocation paper is not acceptable.
2. Be a contributor to NHF for at least the past six (6) months and continue to contribute.
3. Open a Home Ownership Account and build up 10% equity contribution to the funding of the project.
4. Submit handwritten application (original and 2 copies).
5. Four passport photographs endorsed at reverse sides.
6. Duly completed NHF loan application form/statement of income.
7. Approved Survey Plan.
8. Approved Building Plan (Original and 2 copies).
9. Priced Bill of Quantities from Quality Surveyor for new construction and estimate of works to complete the house for a building under construction.
10. Valuation report from qualified Estate Surveyor ( for existing structures, to be accompanied by photographs of the house.
11. Offer letter (for purchase of existing building), where allocation paper/form is given, it shall only serve as evidence of offer and not a title document
12. In case of outright purchase an undertaking from the vendor to convey necessary title upon full payment. Note: The payment of deposit can constitute your equity contribution.
13. Cash flow projection on loan repayment with evidence of steady stream of income (pay slips for past 3 months, bank statement for past 3 years and /or a letter from your employer stating your total remuneration.
14. If self employed, submit the following:

¨      Company’s Profile

¨      Company’s bank account statement for the past 3 years

¨      Three years audited accounts of the company.

15    Marriage certificate or proof where applicable.

16    Birth certificate or age declaration

17    Payment of necessary charges e.g inspection, legal fees etc.

18    Photocopy of current tax clearance certificate (original for sighting)