About FHA Mortgage Bank
About Us
FHA Mortgage Bank Ltd, a Primary Mortgage Institution was incorporated in June, 1997. The Head Office and Head office Branch is at No. 39 Durban Street, Off Adetokunbo Ademola Crescent, Wuse II, Abuja. Other Branches within FCT are in Asokoro, Lugbe and Gwarinpa.
FHA Mortgage Bank Ltd has been strategically positioned to provide mortgage facilities to individuals and corporate bodies towards financing acquisition, renovation and development of dwelling houses as well as commercial and industrial properties, while also serving as an agent of the Federal Mortgage Bank of Nigeria (FMBN) in the Management of the National Housing Fund Facility (NHFF).
FHA Mortgage Bank Ltd has a Board that comprises the MD/CE of FHA as Chairman, Six Directors; of whom is the Managing Director/CEO and a Secretary. The Management Team consists of the Managing Director and seven Heads of Department (HOD) as well as five others heading each of the Branches.
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Our History
FHA Mortgage Bank Ltd was incorporated by Federal Housing Authority (FHA) as wholly owned subsidiary on 18th June 1997 (RC:314,882) and licensed to commence business as a Primary Mortgage Institution on 17th December 1998 (License No: 000315) under the regulatory Authorities of CBN and NDIC. It is a Limited Liability Company established under Corporate and Allied Maters Act (CAMA).
The authorized share capital of the PMB, currently comprised -------------- ordinary share of N1 each, out of which ----------------- ordinary shares of N1 each are issued and fully paid.
CBN has increased minimum capital base for PMBs to N5b (National) N2.5b (State) and FHA Mortgage Bank Ltd embark on proactive measures that saw the Bank through the recapitalization process.
- hiddenVision: To be the leading primary mortgage institution in Nigeria.
- hiddenMission: To facilitate home ownership by Nigerians through a well anticipated, timely and easily accessible mortgage finance systems that guarantees security of deposits, soundness of operations and satisfactorily to the stakeholders.
- hiddenMotto: Your sure ways of owning a house
- hiddenSlogan: Safe, Sound and Responsive!
Our Achievement:
Since inception, FHA Mortgage Bank Ltd has played a significant role in the provision of housing solutions to Nigerians. Our achievements over the period include:
50 – 50 Unbeatable Mortgage offer for Houses in Gwarinpa and Lugbe Estate in Abuja.
The PMB was accredited to access the (NHFF) National Housing Fund Facility fund in March 2010 and has delivered social Mortgage to various beneficiaries under the scheme.
Federal Government Staff Housing Loans Board has appointed FHA Mortgage Bank Ltd as one of the Thirty-two (32) Stakeholders to participate in provision of Homes for Civil Servant.
Partner closely with FHA in actualizing its mandate to deliver affordable Housing to Nigerians.
Board Of Directors
