Products and Services

Download the Form Here

Download the Form Here

Download the Form Here

This product is aimed at persons looking to the housing sector as a source of income and investment. When planning to buy a property to rent out, the individual would need our Buy to let mortgages. Ensure that the property to be bought would provide enough rental income to cover the running costs, including the mortgage repayments..

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This is aimed at existing mortgage customers. For individuals who intend to move homes, you can move your FHA mortgage facility with you (moving your mortgage would be subject to terms and conditions) or look for a new deal when you move home.

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For individuals who intend to improve their home. The home must not be encumbered in any form of a facility.

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The Home Equity Mortgage enables homeowners with good title grow wealth by unlocking the equity in their homes. Individuals wishing to take advantage of investment in assets can convert a significant proportion of the value of their homes to liquidity to be able to finance the acquisition of the assets. This avails wealth creation.

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The PMB in year 2005 offered to general public a product tagged “Unbeatable Offer” on sale of FHA Houses in Gwarinpa and Lugbe Estates and was impressively embraced. In the offer, customers were asked to pay 50% down payment and the balance of 50% spread between 1 – 5 years on Mortgage by FHA Homes Limited at a lower interest rate ranging between 11% and 15% depending on year of repayment chosen.

FHA Homes Limited is now offering mortgages to allottees of FHA Lugbe extension Houses.

HOME OWNERSHIP MORTGAGE ACCOUNT

FHA Homes customers can operate our Mortgage Flexible Account or Savings Mortgage Account which is targeted towards home ownership.  Here, customers dedicate their savings on home ownership or property development.  Withdrawals from the account is highly discouraged until targeted amount for home ownership is met. This Home Ownership Mortgage Account is targeting business Executives, Management Staff, Bankers, Manufacturing Executives, and the likes. 

PROJECT FINANCE

FHA Homes delivers value to her customers by attending to their Project Financing needs.  Depending on the merit of the project, the PMB can Finance part of the project sum for customers.

CONDITIONS FOR MORTGAGE LOANS

An applicant for a loan must satisfy the underlisted conditions:

1. He or she must be a Nigerian and must have attained the age of 18 years. Where the applicant is a Company. It must be registered under the Companies and Allied Matters Decree 1990.
2. The loan sought for must be for the purpose of:
   1. Construction or purchase of a residential property;
   2. Re-development or re-modeling of an existing property;
   3. Repair or renovation of an existing property.
3. The architectural and engineering drawings (if any) of the proposed development must have been approved by the relevant Town Planning Authority.
4. The survey beacons demarcating the plot or holding must be clearly identifiable.
5. The applicant must hold a valid title to the land, e.g. Certificate of Occupancy.
6. The consent of the relevant State Governor must be sought for and obtained.
7. The applicant must produce satisfactory evidence of income namely:
   1. Current payslip for employed persons;
   2. Tax assessment and tax receipts for three (3) years immediately preceding the  year of  application for self-employed applicants;
   3. Audited accounts for three (3) years immediately preceding the year of application including projected cash flow statement for companies and other institutions.
8. Every applicant is expected to present his Tax Clearance Certificate.
9. Every applicant is expected to open an account with FHA Homes Limited with the minimum balance acceptable to the Company at the time of the application for a mortgage loan. Such account must have been operated for a period of not less than six (6) months.
10. Every applicant must purchase and complete the Company’s Loan Application Form.
11. Two passport-sized photographs of the applicant.

Note:   Applicant will be required to contribute a personal stake of at least 20% of the cost of development of the property.

CHECK LIST FOR OBTAINING MORTGAGE LOAN FROM FHA HOMES LIMITED

• Opening Account with any Branch of the PMB
• Payment of Equity contribution of 50% of the value of the property.
• Domiciliation of salary with the PMB.
• Purchase of application form.
• Submission of valid offer letter/title documents to the property.
• Letter of undertaken by referees or guarantors.
• Application clearly purpose for which the loan is being sought, tenor and repayment pattern.
• Right of offset by the customers.
• Irrevocable standing order to deduct monthly repayment at source from customers salary account with the PMB.

Download the Form Here

The PMB in year 2005 offered to general public a product tagged “Unbeatable Offer” on sale of FHA Houses in Gwarinpa and Lugbe Estates and was impressively embraced. In the offer, customers were asked to pay 50% down payment and the balance of 50% spread between 1 – 5 years on Mortgage by FHA Homes Limited at a lower interest rate ranging between 11% and 15% depending on year of repayment chosen.

FHA Homes Limited is now offering mortgages to allottees of FHA Lugbe extension Houses.

HOME OWNERSHIP MORTGAGE ACCOUNT

FHA Homes customers can operate our Mortgage Flexible Account or Savings Mortgage Account which is targeted towards home ownership.  Here, customers dedicate their savings on home ownership or property development.  Withdrawals from the account is highly discouraged until targeted amount for home ownership is met. This Home Ownership Mortgage Account is targeting business Executives, Management Staff, Bankers, Manufacturing Executives, and the likes. 

PROJECT FINANCE

FHA Homes delivers value to her customers by attending to their Project Financing needs.  Depending on the merit of the project, the PMB can Finance part of the project sum for customers.

CONDITIONS FOR MORTGAGE LOANS

An applicant for a loan must satisfy the underlisted conditions:

1. He or she must be a Nigerian and must have attained the age of 18 years. Where the applicant is a Company. It must be registered under the Companies and Allied Matters Decree 1990.
2. The loan sought for must be for the purpose of:
   1. Construction or purchase of a residential property;
   2. Re-development or re-modeling of an existing property;
   3. Repair or renovation of an existing property.
3. The architectural and engineering drawings (if any) of the proposed development must have been approved by the relevant Town Planning Authority.
4. The survey beacons demarcating the plot or holding must be clearly identifiable.
5. The applicant must hold a valid title to the land, e.g. Certificate of Occupancy.
6. The consent of the relevant State Governor must be sought for and obtained.
7. The applicant must produce satisfactory evidence of income namely:
   1. Current payslip for employed persons;
   2. Tax assessment and tax receipts for three (3) years immediately preceding the  year of  application for self-employed applicants;
   3. Audited accounts for three (3) years immediately preceding the year of application including projected cash flow statement for companies and other institutions.
8. Every applicant is expected to present his Tax Clearance Certificate.
9. Every applicant is expected to open an account with FHA Homes Limited with the minimum balance acceptable to the Company at the time of the application for a mortgage loan. Such account must have been operated for a period of not less than six (6) months.
10. Every applicant must purchase and complete the Company’s Loan Application Form.
11. Two passport-sized photographs of the applicant.

Note:   Applicant will be required to contribute a personal stake of at least 20% of the cost of development of the property.

CHECK LIST FOR OBTAINING MORTGAGE LOAN FROM FHA HOMES LIMITED

• Opening Account with any Branch of the PMB
• Payment of Equity contribution of 50% of the value of the property.
• Domiciliation of salary with the PMB.
• Purchase of application form.
• Submission of valid offer letter/title documents to the property.
• Letter of undertaken by referees or guarantors.
• Application clearly purpose for which the loan is being sought, tenor and repayment pattern.
• Right of offset by the customers.
• Irrevocable standing order to deduct monthly repayment at source from customers salary account with the PMB.

Download the Form Here

The PMB in year 2005 offered to general public a product tagged “Unbeatable Offer” on sale of FHA Houses in Gwarinpa and Lugbe Estates and was impressively embraced. In the offer, customers were asked to pay 50% down payment and the balance of 50% spread between 1 – 5 years on Mortgage by FHA Homes Limited at a lower interest rate ranging between 11% and 15% depending on year of repayment chosen.

FHA Homes Limited is now offering mortgages to allottees of FHA Lugbe extension Houses.

HOME OWNERSHIP MORTGAGE ACCOUNT

FHA Homes customers can operate our Mortgage Flexible Account or Savings Mortgage Account which is targeted towards home ownership.  Here, customers dedicate their savings on home ownership or property development.  Withdrawals from the account is highly discouraged until targeted amount for home ownership is met. This Home Ownership Mortgage Account is targeting business Executives, Management Staff, Bankers, Manufacturing Executives, and the likes. 

PROJECT FINANCE

FHA Homes delivers value to her customers by attending to their Project Financing needs.  Depending on the merit of the project, the PMB can Finance part of the project sum for customers.

CONDITIONS FOR MORTGAGE LOANS

An applicant for a loan must satisfy the underlisted conditions:

1. He or she must be a Nigerian and must have attained the age of 18 years. Where the applicant is a Company. It must be registered under the Companies and Allied Matters Decree 1990.
2. The loan sought for must be for the purpose of:
   1. Construction or purchase of a residential property;
   2. Re-development or re-modeling of an existing property;
   3. Repair or renovation of an existing property.
3. The architectural and engineering drawings (if any) of the proposed development must have been approved by the relevant Town Planning Authority.
4. The survey beacons demarcating the plot or holding must be clearly identifiable.
5. The applicant must hold a valid title to the land, e.g. Certificate of Occupancy.
6. The consent of the relevant State Governor must be sought for and obtained.
7. The applicant must produce satisfactory evidence of income namely:
   1. Current payslip for employed persons;
   2. Tax assessment and tax receipts for three (3) years immediately preceding the  year of  application for self-employed applicants;
   3. Audited accounts for three (3) years immediately preceding the year of application including projected cash flow statement for companies and other institutions.
8. Every applicant is expected to present his Tax Clearance Certificate.
9. Every applicant is expected to open an account with FHA Homes Limited with the minimum balance acceptable to the Company at the time of the application for a mortgage loan. Such account must have been operated for a period of not less than six (6) months.
10. Every applicant must purchase and complete the Company’s Loan Application Form.
11. Two passport-sized photographs of the applicant.

Note:   Applicant will be required to contribute a personal stake of at least 20% of the cost of development of the property.

CHECK LIST FOR OBTAINING MORTGAGE LOAN FROM FHA HOMES LIMITED

• Opening Account with any Branch of the PMB
• Payment of Equity contribution of 50% of the value of the property.
• Domiciliation of salary with the PMB.
• Purchase of application form.
• Submission of valid offer letter/title documents to the property.
• Letter of undertaken by referees or guarantors.
• Application clearly purpose for which the loan is being sought, tenor and repayment pattern.
• Right of offset by the customers.
• Irrevocable standing order to deduct monthly repayment at source from customers salary account with the PMB.

Download the Form Here

This is aimed at existing mortgage customers. For individuals who intend to move homes, you can move your FHA mortgage facility with you (moving your mortgage would be subject to terms and conditions) or look for a new deal when you move home.

Download the Form Here