Nigeria Mortgages Get Pre-Approved

Self-Certification

Qualify to secure up to ₦100M!

Answer these questions before starting your secure pre-approval application.

  1. 1. Does the property have its title document (ex: C. of O.)?
  2. 2. Is the property developed to at least carcass level?
  3. 3. Is your monthly income from all verifiable accounts between ₦800K to ₦3M?

If your answer is “yes” to these 3 questions, you may proceed with the pre-approval application!

Mortgage key handoff

Who Can Apply

Mortgage pre-approval is open to qualified individuals, groups, and organizations ready to acquire Nigerian property.

🏠

Private Citizens

For qualified individuals buying a home or investment property in Nigeria.

🌍

Nigerians in the Diaspora

Apply from abroad as long as the property is in Nigeria and you operate a Nigerian bank account.

📈

Investors/ Entrepreneurs

For business owners and investors acquiring properties for portfolios or wealth strategies.

🏢

Companies & Executives

For SMEs operators, executives, and corporate buyers pursuing qualified property acquisition.

👥

Staff Housing Groups

For staff housing arrangements, especially organized groups seeking multiple units.

🤝

Cooperatives

For cooperative societies pooling members together for property acquisition.

🏘️

Estate/ Block Buyers

Groups of 5+ are welcome for blocks of flats, estate units, or grouped property purchases.

⚖️

Government Officials

For verified public-sector earners with steady income and qualifying property documents.

Document Checklist

For the application to be processed quickly, have these available.

Copy of credit report from country of residence (varies from bank to bank)
Evidence of income (12 months account statement + paystubs)
Formal loan application letter indicating repayment source, tenor, and equity contribution
Letter of acceptance of offer from the customer
Letter of sale stating property amount from vendor/seller
Property title documents
Reference letter from customer’s bank in country of residence
Valid international passport/ resident permit

Be Ready To Pay For The Following

This may apply depending on the banking partner, property structure, legal documentation, and mortgage processing requirements.

Down payment of at least 20% of the amount to be borrowed

Required

Property valuation

Required to determine the market value of the property and ensure it meets lending criteria.

Mortgage protection assurance policy on the life of the borrower

This protects the mortgage facility in the event of life.

Facility fees

Administrative and processing fees charged during mortgage setup and underwriting.

Insurance premiums

Insurance-related costs required by the banking and mortgage partners.

Interest payments for 3 months to be placed in a cash-collateral account

Some banks require temporary interest reserves before full disbursement.

Cost of perfection of the title & legal mortgage

Ensures the property title and mortgage documentation are properly registered.

Fire and all-perils insurance on property

Required

Legal search on the property

Required

Tax assessment

Government-required property and documentation assessments may apply.

Frequently Asked Questions

Does pre-approval guarantee final mortgage approval? +

In most cases, yes — only if your income/inflow has been verified and the property has legit title documents.

What happens after I upload my receipt? +

You’ll be paired with a mortgage specialist from a MREIF-affiliated banking partner.

How long does the application process take before funds are dispersed? +

If all documents from all parties are ready and available, our expedited process takes 4–5 weeks flat.

How much do I have to make to access the mortgage? +

It depends on how much you want to access. The rough formula is to divide by 30. If you want ₦100M, your monthly income should be around ₦3.3M minimum. If you want ₦60M, your income should be around ₦2M per month, and so on.

Do I have to live in Nigeria to access the mortgage? +

Not at all. The property must be in Nigeria — you don’t have to be here. You must, however, operate a Nigerian bank account to complete the mortgage process.

Do the banks accept collateral? +

No, collateral is not accepted at this juncture.

Ready to Secure Your Mortgage Pre-Approval?

Start your secure assessment and submit your documents for review.

Start Secure Application