DEPOSIT 30% AND OWN A HOUSE

No joke, no tales! It is now possible to own a dream home in the Federal Capital Territory, FCT, the land flowing with milk and honey. And the good news is that you don’t have to work your ass off saving big to own a property in such a prime location.

You only need a 30% down payment to put you on the road to becoming a landlord, and complete the payment within 2 years.

Aside from this, you have the option to consider two mortgage arrangements to source for financial assistance. 

The mortgage banks have two types of mortgage loans. There is the in-house mortgage from 17% interest rate per annum and up to 20 years tenor and it’s disbursed quickly in a month after providing the required information.

There is also the Federal Mortgage Bank’s NHF(National Housing Fund) Loan at 6% interest rate per annum and tenor of up to 60 years(minus your current  age) and it’s disbursed in about 20 to 24 months most times, maximum loan amount is N15million for the NHF loan.

You can also start with the in-house mortgage and convert to the NHF loan when the NHF loan is received. In both types of mortgage, you will be required to provide a minimum of 30% equity contribution and the loan tenor can vary up to 5, 10, 15 or 20 years and up to 30 years for the NHF loan.

The estate where you can get this deal is somewhere around kubwa, Abuja. The estate title is FCDA C of O and it is approved by development control.

The kinds of properties you can get there includes (but not limited to) the following:

2 bedroom semi-detached bungalow,

3 bedroom semi-detached bungalow,

1 bedroom flat,

4 bedroom semi-detached duplex,

4 bedroom detached duplex,

5 bedroom detached duplex

GOOD NEWS REPORT FROM THE SPIES INTO THE PROMISED LAND

FEATURES OF THE HOUSES

All rooms are en-suite,

Guest toilets in all houses,

All the houses are tastefully finished with P.O.P ceilings and granite slab kitchen table tops,

All the houses are beautifully painted,

All duplexes have two sitting rooms each,

All compounds paved with interlocking stones

               Also Read: Federal Mortgage Bank of Nigeria and You

ESTATE FACILITIES

Private secure fence and gated estate,

Dedicated transformers and water borehole facilities,

Shopping centre/complex,

Tarred roads,

Recreational park and garden facilities,

Full landscape with flowers, schrubs and trees,

Gate house and facility managers office,

Good drainage system,

Professional facility management.

A BREAKDOWN THAT WILL ENABLE YOU UNDERSTAND THE SYSTEM

CASE STUDY: 1 BEDROOM FLAT

If you want to pay instalmentally between 18 to 24 months for a finished 1 bedroom flat in the estate, the price ranges from 8M to 9M respectively. But if you have the financial muscle to complete the payment in 12months the price is 8.5M

Also Read: How to Obtain NHF Loan

Telecom Company/License for Sale
 

Study the price chart below. Any question? Call 07054107283