Direct link and guide on How To Apply for FG ₦256 Billion MOFI Real Estate Investment Fund (MREIF) for Affordable Housing can be accessed below.
The Federal Government of Nigeria has introduced the ₦256 billion MOFI Real Estate Investment Fund (MREIF) under the Renewed Hope Housing Agenda to help more Nigerians access affordable and long-term mortgage financing.
The initiative is designed to make home ownership easier by providing mortgage opportunities for eligible Nigerians, especially Federal and State civil servants, salaried workers and other qualified individuals.
In this post, we will explain what MREIF is, its benefits, eligibility requirements, required documents and how to apply.
Keep reading!
What is MOFI Real Estate Investment Fund (MREIF)?
The MOFI Real Estate Investment Fund (MREIF) is a government-backed housing finance initiative created to reduce Nigeria’s housing deficit by providing affordable mortgage loans to Nigerians who want to own homes.
The programme supports the Federal Government’s Renewed Hope Housing Agenda by improving access to housing finance and providing long-term funding options for eligible applicants.
The scheme is targeted at workers and individuals who have the capacity to repay mortgage loans but need affordable financing options to purchase residential properties.
Key Features of MREIF
Under the programme, eligible applicants can access:
- Mortgage financing of up to ₦100 million
- Fixed interest rate of 9.75% per annum
- Repayment period of up to 20 years
- Minimum 10% equity contribution
- Access to affordable home financing options
- Opportunity for civil servants and salaried workers to own homes
The fixed interest rate and long repayment period are designed to make monthly mortgage payments more manageable for beneficiaries.
Who Can Apply for MREIF?
The programme is open to:
- Federal Government civil servants
- State Government civil servants
- Salaried workers in Nigeria
- Other eligible Nigerians
- Nigerians living in the Diaspora
Applicants must meet the required financial and documentation conditions before approval.
MREIF Eligibility Requirements
Applicants must:
- Be a Nigerian citizen
- Be at least 21 years old
- Not exceed 60 years of age at the end of the loan repayment period
- Have a verifiable source of income
- Be a salaried employee or have acceptable income evidence
- Have a satisfactory credit score
- Provide a minimum 10% equity contribution
Required Documents for MREIF Application
Applicants are expected to provide the following documents:
- Completed MREIF loan application form
- Valid means of identification such as National ID Card, Driver’s Licence or International Passport
- Passport photographs
- Employment letter and confirmation of appointment
- Last three months certified payslips
- Last six months personal bank statements
- Current tax clearance certificate or PAYE receipts
- National Housing Fund (NHF) registration number
- Offer letter from property owner or developer
- Certified property title documents such as Certificate of Occupancy (C of O), Deed of Assignment or Governor’s Consent
- Approved building plan
- Property valuation report from a registered Estate Surveyor
A legal search on the property title documents will also be carried out by the participating bank before approval.
How To Apply for MREIF ₦256 Billion Housing Fund
Interested applicants can apply through the MREIFwebsite ; https://www.mreif.com.ng/
For fast processing, Applicants are advised to visit any approved participating bank nationwide and request to speak with the MREIF Desk Officer for guidance on the application process.
The participating banks will review applications, assess eligibility and process qualified mortgage requests.
Approved Participating Banks
Applicants can visit any of the following approved financial institutions:
- First Bank of Nigeria Plc
- Stanbic IBTC Bank
- Sterling Bank Plc
- Union Bank Plc
- Access Bank
- Infinity Trust Mortgage Bank
Why MREIF Matters
Nigeria continues to face a major housing challenge, with many citizens struggling to afford homes due to high property costs and limited access to mortgage financing.
The MREIF programme aims to bridge this gap by providing affordable financing options that allow qualified Nigerians to purchase homes through structured repayment plans.
For workers who have steady income but cannot afford to pay for a house upfront, the initiative provides a possible pathway towards home ownership.
Final Note
The MOFI Real Estate Investment Fund (MREIF) provides an opportunity for eligible Nigerians to access affordable mortgage financing under the Federal Government’s Renewed Hope Housing Agenda.
Interested applicants should visit any approved participating bank, confirm their eligibility and begin the application process with the required documents.
For more information, applicants can check the official MREIF portal.
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