Planning to buy a home through the M-REIF Platform? One of the most important early steps is securing a mortgage pre-approval. Through MREIF, the process is streamlined to make homeownership accessible and affordable, especially for RSA holders in Nigeria and the diaspora. Pre-approval helps you understand your financing limit, focus your property search, and signal to developers and lenders that you are a serious and credible buyer.
What is Mortgage Pre-Approval on MREIF?
Mortgage pre-approval on the MREIF platform is an official review conducted by an accredited mortgage lender, based on your selected property, financial profile, and mortgage preferences. Once approved, you’ll receive a pre-approval letter confirming the amount the lender is willing to offer you.
This pre-approval empowers you to move confidently through the home-buying process, including selecting units, applying for RSA withdrawals, and tracking your mortgage journey from start to finish.
Pre-Approval vs. Pre-Qualification: What’s the Difference?
Pre-Qualification is an informal estimate based on self-reported financial details and your interaction with the mortgage calculator. It helps you understand potential loan amounts but is not verified by a lender.
Pre-Approval on MREIF is a formal process where you:
- Select a property and mortgage type
- Submit your financial documents
- Upload evidence of ability to pay your equity
- Get reviewed by a mortgage lender
- Receive an official pre-approval letter
Steps to Get Pre-Approved for a Mortgage on MREIF
Register and Verify
- Create your homebuyer account and verify your email.
- Complete your first time profile creation with a National ID like drivers license, voters card, Passport or any FG issued ID.
Search and Select Property
- Use filters to find properties by location, house type, price, and more from our pre-qaulified properties or bring your self-sourced property.
- Select the specific unit(s) you're interested in.
Self-Appraisal and Offer Letter
- Use the mortgage calculator for an initial eligibility check.
- If qualified, the developer uploads a provisional offer letter.
- Accept the offer letter to proceed or reject with feedback.
Submit for Pre-Approval
- Upload a recent bank statement to demonstrate ability to pay equity.
- Submit the mortgage request to your chosen lender.
Lender Review
- Lender reviews your financials and either:
- Approves and uploads a pre-approval letter, or
- Declines with a reason you may address and reapply.
Accept Pre-Approval Letter
- Accept the letter on your dashboard to start the formal mortgage application.
- If you reject, the lender may be prompted to revise the offer.
From here, you enter full mortgage application and tracking, leading to your mortgage offer letter, inclusion in the funding batch, and eventual disbursement.
Pre-Approval vs. Final Approval
While pre-approval signals strong buyer intent and eligibility, final approval depends on a full review of your documents, equity payment confirmation, and property appraisal. Final approval leads to your mortgage offer letter and disbursement to the developer.
Getting pre-approved on the MREIF platform is simple, fast, and designed to put you in control of your homeownership journey. Whether you are in Nigeria or abroad, now is the perfect time to take the first step toward owning a verified, affordable home. Create your MREIF account today, get pre-approved, and move closer to securing your dream home with ease, confidence, and full transparency. CLICK HERE TO START
