Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Become a contributor to the fund.
Houses Available on Rent To Own
Rent To Own
The FMBN Rent to Own is designed for NHF contributors. With this plan, you move into an FMBN funded home and pay rent monthly, but the rent is actually contributing to you owning the home over time, and once payment is completed, the house becomes yours.
Attributes
Important details about the diaspora plan.
7%
Interest Rate
HOME PRICE
Monthly Payment
10%
Down Payment
30 years
Payment Period
₦50 million
Maximum Loan Amount
20% of Earnings
Property Management
6 - 12 Months
Application Processing Time
Legal, & Insurance.
Closing Costs
Yes
Joint applications and co-owners allowed?
How It Works
How the Rent To Own works on Giddaa.
Find and Apply
After 6 months of contributions (for new contributors), choose a home available on Giddaa under the Rent-to-Own plan, inspect it, and apply by submitting your documents for prequalification.
Performed by You with support from Giddaa
FMBN Reviews Application
Your application is submitted directly to the FMBN Zonal Office for document checks, processing, and approval.
Performed by Federal Mortgage Bank of Nigeria (FMBN)
Get Offer, Move In
If approved, FMBN issues an offer letter, and once you accept, you move into the home and start your Rent-to-Own journey.
Performed by You
Application Documents
The documents you need to submit when applying.
Who Can Apply.
Important details about the diaspora plan.
individuals
These are people applying by themselves, without a co-applicant.
The following Individuals can apply through this payment option
- Government Workers (In Diaspora)
- Government Workers (In Nigeria)
- Private Workers (In Diaspora)
- Private Workers (In Nigeria)
- Self Employed (In Diaspora)
- Self Employed (In Nigeria)
Couples & Common Law Partners
These are people who have been partnered by law.
The following Individuals can apply through this payment option
- Government Workers (In Diaspora)
- Government Workers (In Nigeria)
- Private Workers (In Diaspora)
- Private Workers (In Nigeria)
- Self Employed (In Diaspora)
- Self Employed (In Nigeria)
Available Houses
The houses available for purchase under this plan type.
Things You Should Know
Have questions? Hopefully, this provide answers to your questions.