Federal Mortgage Bank
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Federal Mortgage Bank | Profile
The Federal Mortgage Bank of Nigeria (FMBN) is a key institution in Nigeria’s housing finance sector, tasked with promoting affordable home ownership and facilitating access to mortgage finance for Nigerians. Here’s an overview:
About Federal Mortgage Bank of Nigeria:
The Federal Mortgage Bank of Nigeria (FMBN) was established in 1956 as a specialized financial institution to promote homeownership and increase access to mortgage finance in Nigeria. It operates under the supervision of the Federal Ministry of Works and Housing and plays a crucial role in the implementation of government policies and initiatives aimed at addressing the housing deficit in the country.
Key Functions:
- Mortgage Finance: FMBN provides mortgage finance to individuals, groups, and organizations for the purpose of building, purchasing, or renovating residential properties. The bank offers various mortgage products and services tailored to meet the diverse needs of borrowers.
- National Housing Fund (NHF): FMBN administers the National Housing Fund (NHF), a scheme established by the government to mobilize funds for the provision of affordable housing to Nigerians. Workers contribute a percentage of their monthly income to the NHF, which is used to finance housing projects and provide mortgage loans at affordable interest rates.
- Housing Development: FMBN facilitates the development of affordable housing projects across Nigeria through partnerships with state governments, private developers, and other stakeholders. The bank provides financing, technical assistance, and capacity building support to housing developers to promote the construction of quality and affordable housing units.
- Mortgage Refinancing: FMBN operates a mortgage refinancing program to enhance liquidity in the mortgage market and support the growth of mortgage lending in Nigeria. The bank refinances mortgage loans originated by primary mortgage banks (PMBs) and other mortgage lenders, enabling them to extend more credit to borrowers.
Location
- Listed Below are Offices Location of Federal Mortgage Bank Across the Country:
- Plot 189 Aguiyi Ironsi Layout, Along BCA road, Umuahia. Abia State
- No.13 Ikeja Close Off Oyo Street Area 2 Garki Abuja
- Opposite FCE Yola Main Gate, Along Jimeta/Yola Road,Yola. Adamawa State
- 69 Aka Road, Uyo. Akwa Ibom State
- Plot No. R/C37 Ikenga Hotels Layout, Opposite Government House Awka Anambra State
- Plot 34/36 Abdulkadir Ahmed Road, Bauchi, Bauchi State.
- Ox-Bow Lake Road, Swali-Attissa, Yenegoa. Bayelsa State
- 39 New Bridge Road, Beside GT Bank, Markurdi. Benue State
- 50/51 Shehu Laminu Way, Opp. Dandal Police Station, Maiduguri
- Nelson Mandela By Bedwell Street (Watt Market) Calabar. Cross River State
- 260 Nnebisi Road, West End, Opp. Uzoigwe Primary School, Asaba. Delta State
- 25 Ezza Road, Abakaliki Ebonyi State
- 10 Forestry (Ewiase) Road, PMB 680, Benin City. Edo State
- Plot 962A New Inyin Road, Beside New CBN. Ado Ekiti, Ekiti State
- No.7 Ridgeway Road, Off Okpara Avenue, Enugu
- No.13 Ikeja Close Off Oyo Street Area 2 Garki Abuja
- Bauchi Road, Opp PPMC Area Office,Gommbe, Gombe State
- No.1 Adekunle Fajuyin Road, Dugbe, Ibadan. Oyo State.
- No. 2 Tetlow Road, Off Bank Road Owerri, Imo State
- Opposite Nigeria Immigration, Jigawa Command, off Kiyawa Road, Dutse Jigawa
- Secretariat Junction, P.M.B. 2263, Jos, Plateau State.
- 4 Ali Akilu Road, Unguwan Shanu. Kaduna, Kaduna State
- No. C12, Zaria Road, Opp. GTbank, P.M.B 3294. Kano
- Off Yahaya Madaki Road, Behind First Bank Plc II, PMB.2109, Katsina.
- Murtala Mohammed Way, Birnin-Kebbi
- 62 Murtala Mohammed Road, Opp Police Head Quarters, P.O .Box 481, Lokoja Kogi State
- Opp. Coaster Filling Station, Asa-Dam Road, Ilorin
- Mamman Kontagora House, 5th Floor, 23a Marina Street, Lagos Island. Lagos State
- Tisco Plaza, Plot 6 Ashabi Cole Street, Off Agidingbi Road, Alausa, Ikeja Lagos
- 50/51 Shehu Laminu Way, Opp. Dandal Police Station, Maiduguri
- No. 1 Abdullahi Adamu Housing Estate, Jos Road. Lafia.
- FMBN House, 150y Bosso Road, Government House Junction, Minna, Niger State.
- FMBN House, Anglican High School Junction, Along Quarry Road. Ibara, Abeokuta Osun State
- FMBN Building, No.20 Oke-Eda Road (Old Secretariat) PMB 658, Akure, Ondo State.
- FMBN House, along Gbogan/Ibadan Road, Opposite Ada-Oja School of Science Osogbo
- Secretariat Junction, PMB 2263, Jos. Plateau State.
- No.43, Aba Road, Port Harcourt. River State
- No 37 Kano Road, Sokoto
- Ahmadu Bello Way, Opposite North East Development Commission, Jalingo
- 4, Ali Akilu Road, Unguwan Sanu, Kaduna. Kaduna State
- Potiskum Road, Damaturu, Yobe State
- No. 4 Umaru Musa Yar’adua Way, Opp Fadama Plaza, Gusau
Phone No & Emails
- Phone No: +234 09-292 0690, 08153225854, +234 0817 0237 904
- Email: info@fmbn.gov.ng
Operation Hours
| Monday | 8 am – 4 pm |
| Tuesday | 8 am – 4 pm |
| Wednesday | 8 am – 4 pm |
| Thursday | 8 am – 4 pm |
| Friday | 8 am – 4 pm |
| Saturday | Closed |
| Sunday | Closed |
