Top 10 Best Mortgage Banks in Nigeria (2024)

Mortgage banks are the preferred financial institution for people who intend on purchasing their own property, most especially real estate and houses. The need of the services of mortgage banks is imperative to attaining this.

mortgage banks in Nigeria

In response to the quest for top banks that offers this service, this write-up will provide the list of top ten best mortgage banks in Nigeria that are reliable. Know that these financial institutions have been dully registered by the Central Bank of Nigeria (CBN) and can be trusted.


Here is the rankings of the top mortgage banks that offers the best mortgage banking services in the country;


First Bank of Nigeria Mortgages Limited is one of the best options in offering good mortgage services. With years of experience in delivering quality services in the banking industry, the FBN mortgage bank aims at giving the best mortgage banking services and products that reflects its dominance of its parent– First Bank in the financial services industry of the country.

This financial institution provides a wide range of mortgage and real estate financing solution, to help their growing clients. Through this mortgage services, they hope to help this customers make them have an ideal homeownership and real estate development.


Abbey Mortgage Bank Plc is arguably the best, largest and most profitable, non-aligned primary mortgage bank in the country. The bank got it’s license from the Central Bank of Nigeria and Federal Mortgage Bank of Nigeria (FMBN), together with seven other national Primary Mortgage Banks (PMB). The mortgage institute also got an accreditation for the National Housing Funding (NHF) on-lending facilities.

Abbey Mortgage bank offer various mortgage and investment products. This is complemented with the guidance and advisory services which they offer to corporate organizations, including individuals to enable them access housing finance. The bank also render and facilitate the provision of mortgage and real estate related services.


Another best mortgage bank in Nigeria is the Platinum Mortgage Bank Ltd. This mortgage institution was incorporated in 1992 with the Corporate Affairs Commission, and their objective is to provide savings, loans and homes ownership services, and licensed by the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria.

It is supported under the CBN Decree 24 of 1991 and FMBN Decree No. 53 of 1989 respectively to provide Mortgage Banking Services in the country. The bank has it administrative headquarter in Lagos, with branch offices in strategic places in Nigeria.

Initially known as Platinum Home Investment and Mortgage Limited, PMB Limited was recapitalized into a quality-assurance Primary Mortgage Institution, and they are backed by innovative products, services, latest information technology and essential professional management.


Formerly known as Safetrust Savings and Loans Limited, Safetrust Mortgage Bank Limited is one of the leading Primary Mortgage Bank (PMB) in Nigeria. The mortgage institute was established on the 2nd of June, 1992 and it commenced operations in March 1993, of which they have a registered office at 18, Keffi Street Ikoyi, Lagos.

The bank was duly licensed by the Central Bank of Nigeria (CBN) and also got accreditation by Federal Mortgage Bank of Nigeria (FMBN) for the disbursement of the National Housing Fund (NHF) loans to contributors.

Ownership of Safetrust mortgage bank is diversifed with its shares owned by institutional investors, high net-worth individuals as well as professionals in various industries. With all these, thaey aim at providing first-class mortgage banking services to its numbering customers.


Trustbond Mortgage Bank Plc was established in 2005, with an administrative headquarter in Lagos. The establishment of this mortgage bank was emerged in the wake of the revision of capital structure of banks in 2005.

This was on the acquisition of Gateway Bank by Intercontinental Bank Plc. Moreso, Access Bank after its acquisition in 2011, it have Intercontinental Homes as one of it subsidiaries.

Trustbond Mortgage Banks has a present paid up capital of over N5billion. The bank is an highly connected financial firm, and they operate in all states of the country.


Established in 1956, the Federal Mortgage Bank of Nigeria (FMBN) was initially recognized as the Nigerian Building Society (NBS). The were a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria.

The mortgage institute operates as an effective tool for increasing the mobilization of long-term funds, lending volume and expansion of mortgage lending services. Their services is present in all areas inside the country’s border.

It is the core function of the Federal Mortgage Bank to provide access to long-term credit services to other mortgage banks in Nigeria at standard rates that empowers other mortgage institutions to be able to grant loans to intending individuals willing to purchase their own houses.

It allows for the establishment, promotion and development of other mortgage institutions at both the federal and state levels. It is also the duty of the Federal Mortgage Bank of Nigeria to gives license to other mortgage institutions that wishes to operate in Nigeria.


Lagos Building Investment Company PLC (LBIC) was established on 14 March 1980 as a corporate mortgage institution in Lagos State. The objective of the organization is at providing mortgage finance facilities to allottees of the various Low- Cost Housing Schemes built by the State Government (between 1979-1983).

LIBC became a full-pledged Primary Mortgage Bank (PMB), with the promulgation of the Mortgage Institution Act No.53 of 1980. Interestingly, the mortgage Bank has contributed immensely to housing development, with the creation of over twenty-two thousand (22,000) mortgages across Lagos State. Their works is seen within and outside the state.


Resort Savings & Loans is a Primary Mortgage Institution (PMI) that aims at providing service, creating mortgage assets and other credit facilities for it customers. The mortgage institute has over 20 years of operational experience in the country, and they have grown steadily in achievements, acceptability and reputation. Resort Savings and Loans has a corporate head office at 25, Olowu Street, Ikeja, Lagos, with numbers of other branches around the country.


The Akwa Savings And Loans Limited is a Mortgage Bank wholly owned by the Akwa Ibom State Government. It was established and incorporated on March 25, 1993 under the name Akwa Mortgage Finance Limited with fully paid up capital of N20 million.

The mortgage institute has its corporate headquarters at Plot 1, Block 1, Federal Housing Estate, Abak Road, Uyo where it oversees other numerous other branch within and outside the state’s border. Irrespective of being a state owned mortgage bank, it is also open for non-indigenes to do their mortgage banking.


Aso Savings and Loans Plc is a financial services institution founded on 9 March 1995 in Nigeria. They are inclined to providing mortgage banking products and services. The mortgage institute also offers a range of transactional accounts, fixed deposits and financial loans.

The services of this mortgage bank also extends to e-banking solutions such as mobile and desktop banking. Ask Savings and Loans Plc has a corporate head office at Plot 266, FMBN Building, Cadastral Zone A, Central Business District, Abuja.


All Nigerian banks today offer mortgage loan facility through their subsidiaries as listed above. You only have to meet the requirements to access these facilities from these top mortgage providers. Some mortgage iinstitutions operating in Nigeria requires that an applicant has a minimum salary requirement of ₦300,000 or ₦500,000 in a year to be considered eligible for the loan facility.

These are the basic requirements for accessing a mortgage facility in Nigeria this 2024:

  • An application form for the mortgage.
  • A letter of introduction from your employer to proove you are an employee of the company.
  • Copy of various documents of property you want to buy.
  • You have to present your bank account statement for last 6 to 12 months.
  • A valid means of identification such as your International passport, your National ID card or Driver’s license
  • You might be required to provide the paychecks or pay slips of the last three months depending on the institution’s policy.
  • Utility bills to show proof of address.
  • Letter of employment as well as confirmation, and confirmation can be used on jobs from jobs of 2years or up to 7years working experience


These are the top ten best mortgage banks in Nigeria this 2024. With their quality products and services, they can give you good options in mortgage banking in the country.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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