For Home buyers

MREIF Eligibility
Criteria for Home Buyers

To ensure that the benefits of the Mortgage Financing and Expansion Initiative Fund (MREIF) reach the intended beneficiaries, specific eligibility criteria and application processes have been established for homebuyers.

Nigerian Citizenship

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

Required Documentation

Applicants need to submit all necessary documentation, which typically includes proof of identity, history and proof of income sources, and other relevant documents.

Income and Credit Criteria

Applicants must meet specified income and credit requirements. These criteria are designed to ensure that the mortgages are granted to individuals who can sustain the repayment terms while benefiting from the low-interest rates.

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

How to apply as a Home Buyer

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

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.

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

Applications are reviewed within a few days.