Can I use my NHF contribution to buy a home in Lagos?
GAAnswered by Giddaa Admin 2, verified expertPublished · Last checked on · 1 min read
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.
Start with your employer's HR team and ask for your NHF contribution statement. The primary mortgage bank will want to see at least six months of contributions before it opens a file.