Shape
# WE ARE MGSL

We Are Fully Dedicated To Support You

To be a first choice Primary Mortgage Bank in Nigeria.

  • Our Goals

    To be an innovative and efficient Primary Mortgage Bank providing quality mortgage banking services to discerning clientele with a view to satisfying housing needs and enhancing stakeholder value.

  • Our Culture

    To be an innovative and efficient Primary Mortgage Bank providing quality mortgage banking services to discerning clientele with a view to satisfying housing needs and enhancing stakeholder value.

To be an innovative and efficient Primary Mortgage Bank providing quality mortgage banking services to discerning clientele with a view to satisfying housing needs and enhancing stakeholder value.

  • Our Goals

    To be an innovative and efficient Primary Mortgage Bank providing quality mortgage banking services to discerning clientele with a view to satisfying housing needs and enhancing stakeholder value.

  • Our Culture

    To be an innovative and efficient Primary Mortgage Bank providing quality mortgage banking services to discerning clientele with a view to satisfying housing needs and enhancing stakeholder value.

# STEPS & PROCESS

Our Steps And Work Process

01

Conversation

02

Application

03

Documents

04

Appraisal

05

Upfront Underwriting

04

Appraisal

# MORTGAGE SERVICES

Mortgage Service Simplified

  • PURCHASE
  • HOMEBUYER
  • REFINANCE
Home Loan

A Conventional Home Loan

Homeready

Homeready Fannie Mortgage

High Balance

High Balance Mortgage

Renovation Loans

Renovation Loans For Buyers

VA Loans

VA Loans For Military

Jumbo Loans

When You Need Conforming Limit

Purchase Loans

Down Payment Has Stalled

Condo Loans

Loans For Condo Support

FAQ
Faq Faq Faq
  • What is the NHF Scheme?

    This is a trust fund that allows Nigerians with a stable source of income to access a mortgage loan from the Federal Mortgage Bank of Nigeria through a PMI (Primary Mortgage Bank) like MGSL Mortgage Bank.

  • Is participation in the NHF scheme compulsory ?

    Yes. The NHF Act No. 2 of 1992 stipulates that a Nigerian earning the minimum national wage and above per annum in either the public or private sectors of the economy shall contribute 2.5% of his monthly salary to the fund.

  • How much is a contributor required to contribute to the NHF Scheme ?

    A participant in the scheme contributes only 2.5% of his/her monthly basic salary to the fund.

  • How does one make contributions ?

    The employer is required to deduct 2.5% from the monthly basic salaries of workers and remit it to the Federal Mortgage Bank of Nigeria (FMBN) within one month of deduction. Self-employed individuals are to pay their contribution directly to PMI. All the payment are duly receipted.