National House Funding (NHF)
National Housing Fund (NHF) helps Nigerians access affordable housing finance through low-interest, long-term mortgage loans. It provides an easier and more reliable pathway to owning a home while spreading payments conveniently over time.
Benefits
Expert advice and support from AG Mortgage Bank
Ease of repayment over a long period
Relatively low interest from NHF, the institutional fund provider
Provides a dependable pathway to homeownership with clear terms
FAQs
Applicants must be registered NHF contributors, at least 18 years old, and must have contributed for a minimum of six months. The loan must be fully repaid before age 60. Both employees and self-employed individuals are eligible.
The loan can be used to buy, improve, or renovate a home. It is designed as an affordable housing solution, especially for low-income earners seeking accessible mortgage financing.
Contributors can access up to ₦15 million, subject to eligibility, verification, and credit underwriting.
The mortgage offers a repayment tenor of up to 30 years, depending on the applicant’s age. Repayment must be completed before the borrower turns 60.
Up to ₦5 million: No equity contribution
Above ₦5 million to ₦15 million: 10% equity contribution
Benefits include low interest rates, long-term repayment, minimal equity requirements, professional advisory support from AG Mortgage Bank, and access to top-up financing when needed.
Couldn’t find what you were looking for? Visit our Helpdesk or write to us at help@agmortgagebankplc.com