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For Home Buyers

MREIF Eligibility for Home Buyers

Learn about the eligibility criteria and application process to access MREIF's affordable mortgage financing.

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Requirements

Eligibility Criteria

To access MREIF's affordable mortgage financing, applicants must meet the following criteria.

Nigerian Citizenship

Applicants must be Nigerian citizens to qualify for the programs offered by MREIF.

Required Documentation

Submit proof of identity, income history, and other relevant documents as specified.

Income & Credit Criteria

Meet specified income and credit requirements to ensure sustainable mortgage repayment.

Documentation

Required Documents

Prepare the following documents to complete your mortgage application successfully.

Employment Offer Letter or Confirmation Letter

Utility Bill (not more than 3 months old)

Valid ID e.g. Employment ID

RSA Statement of Account

Six (6) Months recent Pay Slips (If employed)

Birth Certificate or Declaration of Age

Tax Card or Tax Clearance Certificate

Mortgage Terms

What You Get

Interest Rate9.75% p.a.
Loan TermUp to 20 years
Equity ContributionFrom 10%
ProcessingFast approval
Get Started

How to Apply

1

Apply Online or obtain the application forms at our designated offices.

2

Complete the application form, ensuring all required fields are filled and necessary documents are attached. This will include identification of the potential homeowners PMI among other information requirements.

3

Submit the application through the provided channels (online submission or physical drop-off at designated offices).

4

Applications are reviewed within a few days.

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Got Questions?

Frequently Asked Questions

Find answers to common questions about MREIF, eligibility, and the application process.