5 Top Mortgage Institutions in Nigeria
FBN Mortgages
FBN MortgagesLimited is a leadingPrimary Mortgage Bank(PMB) with focus on delivering the best mortgage banking services and products that typify the dominance of its parent–First Bank in the financial services industry.
As a dedicated provider of a wide range of mortgage and real estate financing solution, FBN Mortgages is in a unique position to help customers make those critical steps towards seamless homeownership and real estate development.
Platinum Mortgage Bank Ltd
Platinum Mortgage Bank Ltdis one of Nigeria’s leading Primary Mortgage Institutions. It was incorporated in 1992 with theCorporate Affairs Commissionto provide savings, loans and homes ownership services, and licensed by theCentral Bank of Nigeriaand theFederal Mortgage Bank of Nigeriaunder theCBN Decree 24 of 1991andFMBN Decree No. 53 of 1989respectively to provide Mortgage Banking Services in Nigeria.
Formally called Platinum Home Investment and Mortgage Limited with Headquarters inLagos, PMB Limited was recapitalized into a formidable Primary Mortgage Institution backed by innovative products, services, latest information technology and requisite professional management.
Abbey Mortgage Bank Plc
Abbey Mortgage Bank Plcis the premier, largest and most profitable, non-aligned Primary Mortgage Bank in Nigeria. It is one of theseven national Primary Mortgage Banks (PMB)licensed by theCentral Bank of NigeriaandFederal Mortgage Bank of Nigeria (FMBN).
It is also an accredited primary mortgage bank (PMB) for theNational Housing Funding (NHF)on-lending facilities. They offer various mortgage and investment products, guidance and advisory services to corporate organizations and individuals to empower them to access housing finance. They also finance and facilitate the provision of mortgage and real estate related services to respond to their needs.
Imperial Homes Mortgage Bank Limited
Imperial Homes Mortgage Bank Limitedis a Mortgage Bank duly licensed bythe Central Bank of Nigeriato undertake mortgage banking and related services. It was originally incorporated in 1992 as Citizens Savings and Loans Limited. But the name was changed in 1997 to New Patriot Building Society Limited.Guaranty Trust Bank plcacquired the company in August 2007 as a wholly owned subsidiary and changed its name toGTHomes Limitedto reflect its relationship with GTBank. Imperial Homes Mortgage Bank Limited then commenced operation in January 2008.
Federal Mortgage Bank of Nigeria (FMBN)
The Federal Mortgage Bank of Nigeria (FMBN)was established in 1956, known then as theNigerian Building Society (NBS),a joint venture of theCommonwealth Development Corporationand theFederal and Eastern Governments of Nigeria. The Bank operates as an effective vehicle for increasing the mobilization of long-term funds, lending volume and expansion of mortgage lending services to all segments of the Nigerian population.
