About Us
Mubdhab Homes Ltd. is a real estate brokage firm whose area of expertise includes mortgage consultation and facilitation, especially for quality affordable housing in Abuja.
Mortgage
As far as mortgage services are concerned, our main area of expertise lies in aiding our clients obtain NHF (National Housing Fund) loans.
NHF is a government funded housing loan that is enabling many Nigerians become home owners. Its advantage is that it has one of the lowest interest rates in Africa.
Who Can Apply?
- Any Nigerian applicant above the age of 18 years.
- Applicant must be a contributor to the National Housing Fund for a minimum period of 6 months (or must have contributed its equivalent).
- Applicant must have satisfactory evidence of regular flow of income to guarantee loan repayment.
Features
The maximum purchase price of the property shall not be more than ₦15 000 000 (fifteen million naira) affordability of which shall be determined by the income limit of the beneficiary and the projected tenancy duration.
The rent repayment period shall not exceed 30 (thirty) years, and monthly or annual repayment shall not exceed 1/3 of the applicant’s monthly/annual income.
This facility shall not be available to any contributor who has enjoyed an NHF loan to buy or build a house.
Properties would be insured against Fire & Special Perits and Credit Life Assurance.
Property Features
- Stealth Security
- Affordable 24/7 power
- Estate cleaning service
- Well manicured green recreation area
- Playground
- Good road network
- Good drainage
- Shopping mall
- Religion centers
- Sewage treatment plant
Repayment & Payment Plans
The beneficiary shall make a monthly or annual repayment for a maximum period of 30 years.
Property is accessed with a 30% initial deposit, with the balance paid in 12 months or with mortgage .
