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Moussa
  • 1
Beginner
Asked: 2022-11-29T22:53:52+05:45 In:

What do you need to get a Mortgage in Nigeria?

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What do you need to get a Mortgage in Nigeria?

What do you need to get a Mortgage in Nigeria?

 

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2 Answers

  1. Ali
    Teacher

    Mortgage Application Eligibility

    • Should be 21 years old
    • should have monthly earnings of ₦350,000
    • Only for completed residential properties
    • The client must be a resident and working in Nigeria

    Documents Required for Mortgage

    • Completely filled & Signed mortgage application form
    • Copy of latest payslip
    • Original stamped 6 monthly Bank statements (for New To Bank)
    • Letter of awareness from employer
    • Copy of Registered title
    • Copy of Approved building plan

    That is all you need for getting a Mortgage in Nigeria.

    • 0
  2. Moussa
    Beginner

    To get a mortgage in Nigeria, you will generally need to provide the following documents:

    1. Proof of income: This may include salary slips, tax returns, or bank statements showing your income.
    2. Proof of identity: This may include a passport, driver’s license, or national identity card.
    3. Proof of address: This may include a utility bill or a letter from your employer confirming your place of residence.
    4. Title documents: You’ll need to provide proof of ownership of the property you want to purchase. This may include a deed or a certificate of occupancy.
    5. Credit report: You’ll need to provide a credit report showing your credit history and score. This will help the lender assess your creditworthiness.

    In addition to these documents, you may also need to provide a down payment, which is typically a percentage of the purchase price of the property. The exact requirements for getting a mortgage in Nigeria may vary depending on the lender and the specific mortgage product you are applying for.

    I hope this information is helpful.

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