How much deposit do I need for a mortgage in Nigeria?
GAAnswered by Giddaa Admin 2, verified expertPublished · Last checked on · 1 min read
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.
Plan for the deposit and the closing costs separately. Buyers often save exactly 20% and then find legal, valuation and consent fees on top.