Leap Into Mortgage (LIMO)
Leap into Mortgage is a smart pathway designed to help you take confident steps towards homeownership with flexible financing options and expert guidance.
Features
Our products are designed to provide accessible, structured, and sustainable pathways to home ownership for individuals, families, and businesses
Low-Income Mortgage Program
Designed for low-income earners who are looking to buy a mortgage contract.
Employee & Cooperative Eligibility
The borrower could either be an employee or a member of a registered cooperative.
Revolving Micro-Mortgage Range
The amount could be between N100,000 & N1,000,000 on a revolving basis.
Loan and Repayment
Maximum Loan amount size is 5million. Maximum repayment period is 36 months
Cashflow-based repayment
The collateral is the mortgage lien and repayment is structured to meet borrowers
cashflow
Collateral
Property serves as collateral
cashflow
Benefits of LIMO
Designed for regular income earners
Finance Land acquisition and incremental construction
FAQs
It is specifically designed for low-income and regular-income earners who want to access affordable mortgage financing.
Yes. Borrowers can be employees of an organization or members of a registered cooperative.
You can access between ₦100,000 and ₦1,000,000 on a revolving basis, with a maximum loan size of ₦5,000,000 depending on eligibility.
The loan can finance land acquisition, incremental construction, and office or home renovation.
The property itself serves as the collateral through a mortgage lien.
The maximum repayment period is 36 months, and payments are structured to match your cashflow, making repayment easier.
No. One of the key advantages is a low initial contribution, making it accessible for low-income borrowers.
Couldn’t find what you were looking for? Visit our Helpdesk or write to us at help@agmortgagebankplc.com