Kingsley U.N. Chikwendu —
The Federal Mortgage Bank of Nigeria (FMBN) Rent-to-Own housing product is an innovative, affordable housing product, which provides an easy and convenient payment plan towards home ownership for Nigerian workers.
This product enables an NHF contributor to live in an FMBN funded home as a tenant and in the end, own the property, having made monthly or yearly rent payments spread over periods of up to 30-years at a single-digit interest rate of 7%.
FMBN funded properties with a maximum value of N15million are eligible for offtake with the rent-to-own product.
On how to get a step-by-step guide on how to access the FMBN rent-to-own housing product, contact an FMBN office nearest to you for more information or visit https://www.fmbn.gov.ng/Contact/contact-us.html