Homebase Mortgage Bank Gets ₦3.5 Billion Fund to Support Affordable Housing in Nigeria

Homebase Mortgage Bank has received ₦3.5 billion in funding to help more Nigerians buy affordable homes. The money is part of a government-backed real estate investment fund.

What the Money Will Do

• More Home Loans
  The bank will use this money to give more mortgages to low- and middle-income Nigerians. Interest rates start at 12% per year, with repayment terms as long as 20 years. Some buyers may get even lower interest rates through other partnerships.

• Loan Details
  Homebuyers can borrow up to ₦100 million. They only need to pay 20% of the home price up front.

How People Can Apply

• Online Platform
  A new website will make it easier to apply for a loan. It’s designed to be fast and easy to use.

• Extra Help
  Homebase will also offer advice for first-time buyers and run events in big cities to teach people how to buy a home.

Bank’s Mission

Homebase Mortgage Bank has been helping Nigerians get home loans for over 20 years. The bank says this funding shows trust in its work and its goal to make housing more accessible. The focus is not just on giving loans, but on helping families build better lives.