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Everything you need to know about the top mortgage banks in Nigeria can be found here on TJ News Nigeria.
Securing a reliable mortgage provider is the first step toward achieving homeownership in Nigeria. With an increasing demand for housing finance, several licensed mortgage banks and institutions now offer flexible plans, government-backed loans, and competitive interest rates.
TJ News Nigeria reports that as of 2025, the Central Bank of Nigeria (CBN) has licensed over 30 Primary Mortgage Banks (PMBs), while commercial banks and the Federal Mortgage Bank of Nigeria (FMBN) also dominate the housing finance sector.
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Below is a curated list of the top mortgage banks and institutions in Nigeria, along with what they offer.
1. Federal Mortgage Bank of Nigeria (FMBN)
- Ownership: Government-owned
- Loan Type: National Housing Fund (NHF) mortgage loans
- Interest Rate: 6% per annum
- Tenure: Up to 30 years
- Eligibility: NHF contributors (employed Nigerians)
FMBN offers one of the most affordable mortgage options in Nigeria under the NHF scheme. Borrowers can access up to ₦15 million.
2. Abbey Mortgage Bank Plc
- CBN Licensed: Yes
- Loan Offerings: Home purchase loans, construction loans, rent-to-own
- Interest Rate: Competitive commercial rates
- Branches: Nationwide
- Website: abbeymortgagebank.com
Abbey is one of Nigeria’s most established PMBs, offering innovative housing products for both individuals and developers.
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3. Infinity Trust Mortgage Bank Plc
- Listed on NSE: Yes
- Loan Type: NHF loans, construction, and equity release
- Tenure: Up to 20 years
- Strengths: Fast processing and partnership with real estate firms
- Website: infinitytrustmortgagebank.com/
Infinity Trust is known for seamless NHF integration and developer-backed projects across Abuja and Lagos.
4. Platinum Mortgage Bank Ltd
- Headquarters: Abuja
- Specialties: FMBN/NHF Loans, Joint Venture Projects, Real Estate Development Financing
- Locations: Nationwide
- Website: pmbl-ng.com
Platinum Mortgage is among the largest NHF-compliant lenders in Nigeria with a focus on low-to-middle income earners.
5. Trustbond Mortgage Bank Plc
- Formerly: Intercontinental Homes Savings and Loans
- Loan Products: Residential, Commercial, Cooperative Housing Loans
- Unique Feature: Developer partnership funding
- Website: trustbondmortgagebank.com
With roots in Lagos, Trustbond supports both private individuals and cooperative societies with flexible housing finance.
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6. FirstTrust Mortgage Bank Ltd
- Affiliated with: FMBN
- Services: NHF loans, salary-backed mortgages, construction loans
- Coverage: Focus on federal civil servants and salary earners
- Website: ftmortgagebankplc.com/
7. CityCode Mortgage Bank Ltd
- Specialty: Mortgage advisory, underwriting, and NHF support
- Popular With: Lagos and Southwest property buyers
- Website: citycodemortgagebank.com
8. Delta Trust Mortgage Bank Ltd
- Base: South-South Nigeria
- Target Audience: Public sector workers, oil & gas workers, and developers
- Strength: Localized NHF loan processing
- Website: deltatrustmb.com/
9. Lagos Building Investment Company (LBIC) Plc
- Owned by: Lagos State Government
- Loan Type: Housing loans for Lagos civil servants
- Unique Feature: LagosHOMS scheme partnership
- Website: lbicplc.com
LBIC is ideal for residents seeking access to state-sponsored affordable housing.
10. Commercial Banks Offering Mortgage Products
Several commercial banks now offer structured mortgage packages with longer tenures:
- Stanbic IBTC Bank
- Access Bank Plc
- FCMB
- Fidelity Bank
- Union Bank
These banks often partner with developers and NHF to offer blended financing.
Quick Comparison Table
| Institution | Type | NHF Access | Max Tenure | Interest Rate |
|---|---|---|---|---|
| FMBN | Govt | Yes | 30 years | 6% |
| Abbey Mortgage Bank | Private PMB | Yes | 20 years | 12–18% |
| Infinity Trust Mortgage Bank | Private PMB | Yes | 20 years | ~13% |
| Platinum Mortgage Bank | Private PMB | Yes | 20 years | 10–15% |
| Trustbond Mortgage Bank | Private PMB | Yes | 15–20 yrs | 10–16% |
| Commercial Banks | Private | Limited | 10–20 yrs | 15–22% |
Tips When Choosing a Mortgage Institution
- Check if they are licensed by CBN and insured by NDIC
- Confirm NHF participation (for low-interest loans)
- Compare processing fees, tenure, and down payment
- Use a lawyer to verify land documents and bank terms
- Ask if they offer pre-approved developer projects
Final Thoughts
Choosing the right mortgage bank in Nigeria depends on your employment type, income, property location, and loan expectations. TJ News Nigeria learnt that many Nigerians now combine NHF benefits with commercial bank top-up loans for faster housing access.
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Before committing, compare at least three mortgage providers, confirm land documentation, and review repayment obligations carefully.
Also Read How to Apply for a Mortgage in Nigeria: Full Process Explained
That’s all. Thank you for using our platform to learn about the top mortgage banks and institutions in Nigeria.
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