Imagine you are about to buy a house in Nigeria. What are the home financing options available? Contrary to popular belief, saving money is not the only home financing option available in Nigeria. Below are other home financing options available in Nigeria.
Receiving an inheritance is a common practice in Nigeria. You can fund your house with the inheritance given to you by a loved one.
Housing schemes like the National Housing Fund(NHF), Federal Integrated Staff Housing Scheme( FISH) and Lagos H.O.M.S are popular in Nigeria. In recent years, the Federal Government has entered into partnerships with private estate investors on housing schemes that more low-income earners can benefit from immensely.
Loans from banks or using a mortgage plan can serve as an alternate source of funding for your potential house.
Kindly share other methods of house financing in Nigeria with other PropertyPro readers in the comment section below.