7 Best Mortgage Bank in Nigeria 2026
If you are looking for the best mortgage bank in Nigeria and you are wondering which one to trust, then read this carefully.
There are many mortgage banks in Nigeria right now and choosing the wrong one can cost you a lot of money and a lot of stress in the future.
The mortgage banking sector in Nigeria has grown significantly over the last decade. There are currently about 32 licensed primary mortgage banks in Nigeria excluding the commercial banks that also offer mortgage products.
With all these options available, many people end up confused about where to go and which one to trust.
This article will break down the best mortgage banks in Nigeria in 2026, what each one offers, who they are best for and how to get started so that you can make an informed decision before you commit to something that will take years to repay.
Best Mortgage Banks in Nigeria in 2026
1. Federal Mortgage Bank of Nigeria (FMBN)
The Federal Mortgage Bank of Nigeria is the apex mortgage institution in Nigeria. It is 100% owned by the Federal Government and it is the institution behind the National Housing Fund (NHF) which is the most affordable mortgage loan available to Nigerians right now.
FMBN does not give loans directly to individuals. Instead, it works through accredited primary mortgage banks (PMBs) across the country. So when you want to access the NHF mortgage, you have to go through a PMB near you then the PMB processes your application and forwards it to FMBN.
What FMBN is best known for?
- The NHF mortgage offers a 6% per annum interest rate which is fixed for the entire tenure of up to 30 years.
- It is the lowest mortgage interest rate available in Nigeria
- Equity contribution requirement ranges from 10% to 30% depending on the loan amount
- Maximum loan amount under the NHF scheme is up to ₦50 million
- The NHF Diaspora Mortgage for Nigerians living abroad is 9% per annum
- Offers include Estate development loans for real estate developers
- There’s a Home renovation loan plan for existing homeowners that want to renovate
FMBN is best for?
Nigerian workers in both the public and private sector who contribute 2.5% of their monthly basic salary to the National Housing Fund and who want the most affordable mortgage interest rate available in Nigeria. The 6% per annum rate over 30 years is simply unbeatable anywhere else in the Nigerian market.
How to get started with FMBN?
- Register for the NHF through your employer and get your NHF participation number
- Contribute 2.5% of your basic salary to the NHF for at least 6 months
- Identify an FMBN-accredited PMB near you
- Visit the PMB and collect the NHF loan application form
- Submit your completed form with all required documents
- The PMB will assess your application and forward it to FMBN
- Once FMBN approves, the loan is disbursed and repayment begins
2. Abbey Mortgage Bank
Abbey Mortgage Bank is the largest and most profitable independent primary mortgage bank in Nigeria. It was incorporated in 1991 and has been in the housing finance business for over 30 years.
About Abbey Mortgage Bank
Abbey Mortgage Bank is one of only seven nationally licensed primary mortgage banks in Nigeria and it has equity shareholding in the Nigeria Mortgage Refinance Company (NMRC).
What makes Abbey stand out is that it serves both individual customers and corporate client. It offers are suitable for salary earners, a self-employed professional, small business owner, corporate businesses.
Their mortgage products include:
- Residential mortgage loans for buying or building a home
- Commercial real estate loans for property developers and investors
- Construction finance for ongoing building projects
- Mortgage refinancing for people who want to restructure an existing mortgage
- Short and medium term loans for property owners
- Loans specifically for women-owned real estate companies
- NHF loans for eligible NHF contributors
Additional Services: Abbey Mortgage Bank also offer savings accounts, fixed deposits and current accounts meaning you can do your everyday banking with them as well.
How to get started with Abbey?
- Visit any of their physical branches or contact them through their website at abbeymortgagebank.com
- Request for their mortgage application form
- Fill in the mortgage application form
- Submit your form with the required documents
- Abbey will conduct a valuation of the property
- Once your application is approved, the loan will be disbursed and repayment begins
3. Infinity Trust Mortgage Bank
Infinity Trust Mortgage Bank (ITMB) is one of the most well-capitalized primary mortgage banks in Nigeria. It
ITMB was incorporated in 2002 and started operations in Abuja in 2003. In 2024, Infinity Trust was recognized as Africa’s Most Innovative Mortgage Bank of the Year and Primary Mortgage Institution of the Year.
The bank also has equity shareholding in the Nigeria Mortgage Refinance Company (NMRC).
The offer the following mortgage loan schemes:
- Infinity Mortgage Finance Scheme (IMFS): this is a mortgage loan service that is fully funded by the bank itself.
- National Housing Fund Scheme (NHFS): this scheme is for NHF contributors who want to access the FMBN NHF mortgage
- Construction finance: this is specifically for real estate developers and individuals building their own homes
- Housing development loans
- Commercial mortgage financing
How to get started with Infinity Trust?
- Visit their website at infinitytrustmortgagebank.com or walk into any of their physical office
- You can also download their mobile app (Infinity Mobile App)
- Obtain their mortgage application form
- Fill in the mortgage application form
- Submit your form including other required documents
- Wait for their credit assessment and valuation of the property
- Once approved, the loan will be disbursed
4. FirstTrust Mortgage Bank
FirstTrust Mortgage Bank was form as a merger between First Mortgages Limited and TrustBond Mortgage Bank in September 2019.
Both entities had a history dating back to 2003 and the combined institution now has total assets of over ₦36 billion making it one of the most capitalized mortgage banks in Nigeria.
FirstTrust serves both the regular commercial mortgage market and the NHF scheme for eligible contributors.
The offer the following mortgage loan schemes:
- NHF mortgage loans for NHF contributors
- Home purchase loans for buying a property
- Construction loans for people building their own homes
- Real estate development loans for developers
- Equity release loans for existing property owners
How to get started with FirstTrust?
- Visit their website or any of their physical branches
- Speak with their mortgage advisor
- Obtain their mortgage application form
- Fill and submit the mortgage application form
- Submit other required documents for verifications
- Their team will conduct a valuation and credit assessment
- Once approved, the loan is disbursed and repayment begins
5. Platinum Mortgage Bank
Platinum Mortgage Bank was originally incorporated in 1992 as Platinum Home Investment and Mortgage Limited.
This happens to be one of the oldest primary mortgage banks in Nigeria. The headquarters of the bank is in Lagos State.
The offer the following mortgage loan schemes:
- Construction and development financing
- Home purchase loans
- Real estate investment loans
- NHF scheme loans for eligible contributors
How to get started with Platinum Mortgage Bank?
- Visit any of their Lagos branches or their website
- Request information on available mortgage products
- Obtain and fill the application form
- Attach required documents and submit alongside the application form
- Wait for valuation and credit assessment
- Once approved, loan is disbursed and repayment begins
6. Haggai Mortgage Bank
Haggai Mortgage Bank started as a finance company in 1994 and converted to a full mortgage bank in 2008.
It is a CBN-licensed primary mortgage bank that offers a range of housing finance products to Nigerians.
Haggai focuses primarily on individual home buyers and it is known for its Christian-oriented service philosophy. They participate in the NHF scheme and also have their own commercial mortgage schemes.
The offer the following mortgage loan schemes:
- Home purchase mortgage loans
- NHF scheme loans
- Construction loans
- Home improvement loans
How to get started with Haggai?
- Visit their nearest physical branch
- Discuss your plans with their team
- They’ll offer you an application form
- Fill in the application form and submit alongside other required documents
- Wait for credit assessment and property valuation
- Once approved, the loan is disbursed
7. Nigeria Police Mortgage Bank
Nigeria Police Mortgage Bank is a primary mortgage bank that was set up specifically to provide affordable housing finance to members of the Nigerian Police Force and other paramilitary agencies.
However, as of 2026, their mortgage loan scheme is no longer limited to police officers alone. Civilians can also access their mortgage loans.
They participate in the NHF scheme and also have commercial mortgage products available.
Nigeria Police Mortgage Bank is best for?
It is best for members of the Nigerian Police Force (NPF) and other paramilitary agencies who want a mortgage bank that understands their salary structure and work conditions, and for civilians who want an alternative primary mortgage bank option.
How to get started?
- Visit their nearest branch
- Request for their mortgage application form
- Fill in the application form and submit required documents
- Wait for assessment and evaluations
- You’ll be contacted for further steps
Learn More: Mortgage Loan in Nigeria: Best Options, Requirements, and How to Apply
What to Check Before Choosing a Mortgage Bank in Nigeria
Before you choose any mortgage bank in Nigeria, there are a few things you should check:
1. CBN License
Make sure the mortgage bank is licensed by the Central Bank of Nigeria. All the banks mentioned in this article are CBN-licensed.
2. NDIC Insurance
Check to be sure that all deposits with the bank are insured by the Nigeria Deposit Insurance Corporation (NDIC). This will protect your savings with the mortgage bank if anything goes wrong.
3. Interest Rate
Carefully compare the interest rate being offered by each bank. The difference between 6% per annum (NHF rate) and 22% per annum (commercial rate) over 20 years will definitely amounts to tens of millions of naira. So always do your calculation before you sign the contract.
4. Accreditation for NHF
If you are an NHF contributor, confirm that the mortgage bank you are dealing with is FMBN-accredited because it’s not all PMBs that have active accreditation for NHF processing.
5. Tenure
Check the maximum repayment tenure the bank offers. A longer tenure will give you a lower monthly repayment amount.
6. Equity Contribution Requirement
Check how much you need to provide upfront before the bank gives you the loan. This usually range from 10% to 30% depending on the bank and the product.
7. Processing Fees and Other Charges
Ask for a full breakdown of all fees including application fees, legal fees, valuation fees and any other charges before you sign the contract.
Related: How to Get Preapproved for a Mortgage in 2026
FAQs About Mortgage Banks in Nigeria
What is the best mortgage bank in Nigeria in 2026?
In terms of interest rate, the Federal Mortgage Bank of Nigeria through the NHF scheme at 6% per annum is the best. For a nationally licensed independent primary mortgage bank with the longest track record, Abbey Mortgage Bank is the no.1.
Which mortgage bank has the lowest interest rate in Nigeria?
The Federal Mortgage Bank of Nigeria (FMBN) offers the lowest mortgage interest rate in Nigeria which is a 6% interest rate per annum through the National Housing Fund scheme.
Can I access NHF mortgage through any mortgage bank in Nigeria?
No. You must go through a PMB which is specifically accredited by FMBN to process NHF mortgage applications.
Do mortgage banks in Nigeria require collateral?
Yes. All mortgage loans in Nigeria require the property being financed to serve as collateral. The lender places a legal mortgage on the property and holds the title documents until the loan is fully repaid.
Can self-employed get mortgage loans in Nigeria?
Yes. Most primary mortgage banks in Nigeria including Abbey Mortgage Bank offer mortgage loans to self-employed individuals if they meet the necessary requirements.
What documents do I need to apply for a mortgage loan in Nigeria?
The most important documents required across most mortgage banks in Nigeria include:
- valid means of identification
- proof of income (payslips or bank statements)
- BVN
- valid property title documents (any of Certificate of Occupancy or Deed of Assignment)
- The valuation report of the property
- completed mortgage application form
- NHF contribution statement (For NHF loans only)
See Also: Mortgage Default Consequences in Nigeria
Conclusion
If you want to own a home in Nigeria in 2026, the mortgage banks listed in this article are the best mortgage banks in Nigeria in 2026.
But whichever mortgage bank you choose, make sure you read their terms, ask questions and understand the full repayment cost, the tenure, the equity contribution, the contract agreement, the repercussions of defaulting and all other fees before you sign any document to avoid stories that touch the heart in the future.
