QA TEST — can a diaspora buyer use an NHF loan? (Oct 8)
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Giddaa’s licensed advisers answer 3 questions about mortgages & NHF loans in Nigeria from Nigerian and diaspora buyers. Each answer names the adviser, the sources and the review date.
3 answers · Written and reviewed by Giddaa’s advisory team · Last reviewed
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Most banks ask for a deposit of 20% to 30% of the property price, while NHF mortgages can go lower for qualifying contributors. The exact figure depends on the lender, your income and the property, so get a pre-qualification before you commit to a home.
Yes. Once you have contributed to the National Housing Fund for at least six months, you can apply for an NHF mortgage through a primary mortgage bank. The home must be within your repayment capacity, and the loan is repaid monthly from your salary over a long tenor.
The three mortgage answers readers have found most helpful this year.
Most banks ask for a deposit of 20% to 30% of the property price, while NHF mortgages can go lower for qualifying contributors. The exact figure depends on the lender, your income and the property, so get a pre-qualification before you commit to a home.
Yes. Once you have contributed to the National Housing Fund for at least six months, you can apply for an NHF mortgage through a primary mortgage bank. The home must be within your repayment capacity, and the loan is repaid monthly from your salary over a long tenor.
Ask a licensed Giddaa mortgage specialist on WhatsApp. You get a reply within one hour if you message between 9am and 6pm WAT, and the most useful questions are published here (anonymously) for other buyers.