My people are destroyed for lack of knowledge. – Hosea 4:6
Imagine working for 30 to 35 years as a civil servant or salary earner, only to retire with no home, no assets, and no clear future. Unfortunately, this is the reality for millions of Nigerians today, not because they didn’t earn enough, but because they didn’t know what was possible.
A Painful Lesson from a Retired Civil Servant:
Mr. Joe Iriruwe, a retired civil servant, once said:
I didn’t know I had rights to a mortgage loan despite my contributions. I’ve retired without a house. If I knew earlier, my life would have turned out better. I wasted money renting apartments all my life.
Let that sink in. After decades of service, he had nothing to show for it, just because nobody told him what he was entitled to.
The Hidden Opportunity Most Workers Never Discover:
About 10 years ago, I bought a house through the National Housing Fund (NHF) scheme, and it completely changed my financial life.
I contributed almost no cash upfront, my equity came from the police cooperative. Also I rented the house out for ₦1 million per year, while my monthly loan repayments were far less. I was already making profit before finishing the loan. Five years later, I sold the house after it had doubled in value.
That one decision gave me a strong financial foundation.
Why Most People Miss This Opportunity:
Most salary earners don’t know they qualify for an NHF loan. If you’re a civil servant, 2.5% of your salary is already being deducted monthly under the NHF Act. This deduction is supposed to give you access to affordable housing loans.
Yet many people retire without applying. Even worse, some take the loan but fall victim to real estate scams and end up with no house, yet their salaries are still being deducted every month.
NHF Loan: What You Need to Know;
Key Benefits of the NHF Loan:
- Up to 30 years repayment period
- Interest rate of just 6%, fixed for life
- Monthly repayments capped at one-third of your salary
- After repayment or retirement, you can withdraw your full contributions plus interest
- Not limited by your total contribution amount
Who Can Apply?
You qualify if you:
- Are a Nigerian citizen
- Are at least 18 years old
- Have contributed to the NHF for at least 6 months
Step-by-Step: How to Apply for an NHF Loan;
1. Open a mortgage savings account with any accredited Primary Mortgage Bank (PMB):
- LivingTrust Mortgage Bank Plc
- Imperial Mortgage Bank
- FHA Mortgage Bank Ltd
- Nigeria Police Mortgage Bank, etc.
2. Complete the application form and attach:
- Title documents or Bill Of Quantities (BOQ)
- Tax clearance for 3 years
- NHF participation evidence
- Pay slips (last 3 months)
- Passport photograph + valid ID
- Equity contribution (minimum 10%)
3. Your PMB will:
- Conduct affordability assessment
- Submit your application to FMBN
- FMBN approves and disburses loan in tranches
⚠️ A Serious Warning: Avoid Real Estate Fraud;
Recently, a head of department in a government security agency told me about staff who took NHF loans, paid developers, and never received their houses. Yet their salaries are still being deducted!
This is a tragedy. That’s why I started EncumberedProperties.com, to help salary earners verify any property or developer before using your NHF loan.
Need Help? I’ll Guide You Personally
I’ve helped dozens of people get their NHF loans successfully and safely. For a one-time fee of ₦250,000, I’ll personally walk you through the entire process until your house is allocated.
This includes:
- End-to-end application assistance
- Due diligence on the developer
- Legal and property verification
- Ongoing support till your loan is disbursed and house handed over
Don’t Be the Next Regret Story;
If I knew earlier, my life would have turned out better. – Mr. Joe Iriruwe
Make sure you or your loved ones don’t end up saying the same thing.
📢 TAKE ACTION NOW:
💬 Comment “NHF Help” or contact me for personal assistance
✅ Share this article with every salary earner you know
You worked too hard to retire with nothing. Let’s secure your future, one house at a time.
Have you encountered a real estate scam? Share your experience in the comments below to help others stay informed!
At Encumbered Properties, our mission is to help you make safe and informed property investments decisions.
In summary, before you buy any property anywhere in the world, always:
Verify the property’s status on EncumberedProperties.com;
Consult a real estate lawyer; and
Avoid untraceable cash transactions.
Watch the complete video of this article being extensively explained for better understanding by clicking on the video below, or visit our YouTube channel through the link below in this article to watch the educative video and many more other informative piece to keep you scam free on real estate investing.
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Want to learn more? Drop your questions in the comments below, and let’s discuss how to make real estate investments safer and profitable!
This article was put together by Madueke Enwere: a property lawyer, a real estate investor, and a senior police officer and by God’s grace, the founder, encumberedproperties.com