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Be the next to own a home with MREIF

MREIF is here to make owning your home a reality.
Offering affordable mortgages of up to 20 years at a fixed interest rate of just 9.75% per annum.
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Empowering Nigeria’s Housing
Sector with MREIF

MREIF is partnering with developers and investing in sustainable housing solutions for the long term.
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Buying your new house is just a few steps away

Discover affordable, quality homes designed with your lifestyle and budget in mind.
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About MREIF

The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) is a bold public-private initiative introduced under President Bola Tinubu’s administration, with strategic direction from the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

Established to tackle Nigeria’s housing deficit, MREIF provides affordable, long-term mortgage financing for aspiring homeowners while offering off-take guarantees to encourage real estate development.

Backed by the Federal Government through the Ministry of Finance Incorporated (MOFI) and managed by ARM Investment Managers, the fund fosters strong collaboration between public and private sector players to drive inclusive economic growth, generate employment, and boost activity in the housing and construction industries.

MREIF also supports global sustainability goals by advancing equitable and accessible housing solutions for Nigerians.

Overview of MREIF Programs

The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) offers a range of programs designed to support both homebuyers and developers in addressing Nigeria’s significant housing deficit.

These programs are tailored to provide financial assistance, promote affordable housing, and stimulate the housing market.

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Eligibility For HomeBuyers

  • Applicants must be Nigerian citizens to qualify for the programs offered by MREIF.
  • Applicants must meet specified income and credit requirements. These criteria are designed to ensure that the mortgages are granted to individuals who can sustain the repayment terms while benefiting from the low-interest rates.
  • Applicants need to submit all necessary documentation, which typically includes proof of identity, history and proof of income sources, and other relevant documents.
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Eligibility For Developers

  • Developer must have a Land Bank and Net Asset Value Requirements
  • Developer must have the ability to raise project financing
  • Developer must have track record of completed projects
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MREIF Video Guides

Explainer videos on MREIF

How to guides

3 Videos

Eligible Financial Institutions on the MREIF program

Union
Providus
Home-Base
FCMB
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Infinity-Mortgage-Bank
AG-Mortgage-Bank
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Newsroom on MREIF

Key Statistics

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Eligible Financial Institutions

What home buyers are saying

My experience with the homeownership program was very straightforward and reassuring. Every stage of the process was clearly explained, and everyone I interacted with was professional and helpful. From my first inquiry to finally receiving the keys, it took just about one to two months which is amazing, considering the usual delays in these kinds of processes. I truly appreciate the transparency, the ease of access, and the favourable terms. I’m satisfied and thankful to be part of a program that is making homeownership more accessible for people like me.
Mr. Miracle C
Owning my first home at 27 still feels surreal. The process was not only seamless but impressively efficient. There were no complications or delays, and the entire journey from application to disbursement was completed in less than a month. I always thought homeownership at a young age was something only achievable abroad, but this program made it possible right here in Nigeria. It’s a significant milestone in my life, and I’m beyond grateful to have had this opportunity.
27-Year-Old Beneficiar
Becoming a homeowner through this initiative was one of the smoothest processes I’ve ever gone through. Everything was well-structured and easy to follow, and the team provided support at every step. It didn’t take long at all, and I appreciated the professionalism and clarity throughout the journey. Programs like this are rare, and I’m incredibly thankful that I could benefit from it. Owning a home has brought peace of mind and a strong sense of accomplishment.
Mr. Johnson .A
I’m quite excited about the entire process. In fact, I’ve become something of a self-appointed ambassador for the program. The approach and professionalism of AG Mortgage Bank were instrumental; they reached out, explained everything clearly, and I know a few others who also benefited. It’s basically been the same positive experience across the board. Nigerians are often skeptical about initiatives like this, but I’m a beneficiary and can say it’s real. I’m happy to do a testimonial to help others see that homeownership through this fund is possible.
Dr. Ogbimi

Investors Corner

The Fund aims to achieve its investment objectives by mobilizing concessionary capital from the public sector alongside commercial funding from the private sector to address Nigeria’s housing deficit.

Download H1 Investors Report