Be the next to buy your house with MREIF
MREIF is here to make owning your home a reality with affordable mortgages, streamlined processes and tailored financing solutions.
Mortgage at a glance
More banks onboard to expand the reach of MREIF
MREIF is partnering with more banks and key stakeholders to reach even more Nigerians.
Empowering Nigeria's Housing Sector with MREIF
MREIF is partnering with developers and investing in sustainable housing solutions for the long term.
Buying your new house is just a few steps away
Discover affordable, quality homes designed with your lifestyle and budget in mind.
Participating Banks
First Bank of Nigeria
Providing affordable home financing through the MREIF programme.
Four simple stages
1. Create Account
Create a free MREIF Homebuyer account.
2. Select Property
Find an eligible property or use your own.
3. Get Pre-approved
Complete pre-qualification and eligibility.
4. Secure Mortgage
Proceed with the mortgage process.
Our Progress So Far
Mortgages Process
Verified Developer Onboard
Active Financial Institution
Diaspora Interests from 19 Countries
Ready to own your home?
Start with affordability and move into the formal pre-qualification process.
About MREIF
The MOFI Real Estate Investment Fund (MREIF) is a key initiative under President Bola Ahmed Tinubu's Renewed Hope Agenda — created to bridge Nigeria's housing gap and expand access to affordable homeownership for low- and middle-income Nigerians.
Addressing Nigeria's housing deficit through long-term financing
Nigeria currently faces a housing deficit estimated at 28 million units. Access to affordable mortgage finance remains one of the biggest barriers to homeownership for low- and middle-income Nigerians, and the cost of long-term borrowing continues to push homeownership out of reach for millions of households.
The MOFI Real Estate Investment Fund (MREIF) was established to change this. Sponsored by the Ministry of Finance Incorporated (MOFI) — the investment arm of the Federal Ministry of Finance — MREIF delivers long-term, low-cost mortgage financing designed to make homeownership achievable for millions of Nigerians at scale.
ARM Investment Managers (ARMIM) is appointed as Fund Manager, and Qshelter provides the digital housing platform. Together with participating financial institutions, credible developers, and public-sector partners, MREIF is delivering housing at scale — with mortgages of up to 20 years at a fixed 9.5% per annum and a minimum equity contribution of just 10%.
What drives MREIF
Our Mission
To bridge Nigeria's housing gap by providing accessible, affordable, and sustainable mortgage financing options — and by supporting affordable housing development nationwide for low- and middle-income Nigerians.
Our Vision
To create a sustainable housing market that empowers every Nigerian with affordable homeownership opportunities — contributing to improved living standards, stronger communities, and long-term national economic growth.
The purpose of MREIF
To provide long-term, low-cost mortgages and facilitate housing delivery — until Nigeria's 1 million-home ambition under the Renewed Hope Agenda is achieved.
What MREIF sets out to achieve
Four clear objectives guide every MREIF intervention and partnership.
Address the Housing Deficit
Reduce Nigeria's 28 million-unit housing gap through large-scale, affordable housing delivery.
Improve Living Standards
Enable more Nigerian households to transition from renting to sustainable homeownership.
Stimulate Economic Growth
Support jobs, construction activity, and local supply chains across the housing and mortgage sector.
Support Government Commitment
Deliver on the Renewed Hope Agenda's housing promise for Nigerians nationwide.
How MREIF is structured
MREIF brings together public-sector sponsorship, professional fund management, and an independent digital platform.
Ministry of Finance Incorporated (MOFI)
Sponsor and owner. MOFI is the investment arm of the Federal Ministry of Finance and led the establishment of the MREIF fund.
MREIF — The Fund
The MOFI Real Estate Investment Fund is the vehicle that deploys long-term capital into affordable housing and mortgage financing across Nigeria.
ARM Investment Managers (ARMIM)
Appointed as Fund Manager, responsible for managing the fund's investments and portfolio in line with its mandate.
Qshelter
Platform provider. Qshelter powers the digital housing marketplace, mortgage application portal, and property-inspection workflows.
Eligible Financial Institutions
Participating banks and mortgage providers that originate, underwrite, and service mortgages under the MREIF programme.
Developers & Homebuyers
Credible developers supplying affordable housing inventory, and Nigerian homebuyers purchasing homes through MREIF financing.
Who MREIF works with
MREIF's impact depends on close partnership with five stakeholder groups across the housing ecosystem.
Housing Developers
Build and supply the affordable residential projects that MREIF financing brings within reach of Nigerian homebuyers.
Financial Institutions
Provide mortgage lending, underwriting, and servicing capacity for MREIF-backed home loans.
Government Agencies
Support policy, regulation, land administration, and enabling infrastructure for affordable housing delivery.
Civil Society Organizations
Advocate for housing access, community development, and the interests of Nigerian homebuyers.
The General Public
Nigerian citizens — including diaspora Nigerians — who are seeking affordable homeownership.
Our Team & Oversight Structure
MREIF operates under a governance framework that brings together public-sector oversight, professional fund management, and independent platform delivery.
Sponsor & Oversight
The Ministry of Finance Incorporated (MOFI) provides sponsor-level oversight on behalf of the Federal Government of Nigeria.
Fund Management
ARM Investment Managers (ARMIM) serves as the appointed Fund Manager, responsible for professional investment management of the MREIF fund.
Platform Operations
Qshelter operates the digital platform that powers the housing marketplace, mortgage applications, and property workflows.
Mortgage Origination
Participating financial institutions handle mortgage origination, underwriting, and servicing under the MREIF programme.
Developer Partnerships
A dedicated partnerships team reviews, approves, and manages relationships with developers participating in MREIF.
Homebuyer Support
A dedicated customer support function guides homebuyers through pre-qualification, documentation, and the mortgage process.
Our progress so far
MREIF's ambition around a million homes is intended to strengthen local supply chains, deepen financial markets, stabilise property prices, support broader economic growth, and improve homeownership across Nigeria.
Mortgages Process
Verified Developer Onboard
Active Financial Institution
Diaspora Interests from 19 Countries
Ready to become a MREIF homeowner?
Start your pre-qualification and take the first step toward affordable homeownership.
MREIF Eligibility for Home Buyers
Learn about the eligibility criteria and application process to access MREIF's affordable mortgage financing.
Nigerian Citizenship
Applicants must be Nigerian citizens.
Required Documentation
Submit proof of identity, income history and relevant documents.
Income & Credit Criteria
Applicants must meet specified income and credit requirements.
Required Documents
- ✓ Employment Offer Letter or Confirmation Letter
- ✓ Utility Bill not more than 3 months old
- ✓ Valid ID
- ✓ RSA Statement of Account
- ✓ Six months recent pay slips, if employed
- ✓ Birth Certificate or Declaration of Age
- ✓ Tax Card or Tax Clearance Certificate
MREIF Eligibility for Developers
Meet the eligibility criteria and application process for developers participating in MREIF's affordable housing initiative.
Land Bank & Net Asset Value
Minimum 5 hectares of titled land; minimum net asset value of ₦500 million.
Project Financing Ability
Ability to cover at least 30% of total project cost through equity, bank facilities or investor partnerships.
Track Record
At least 3 completed housing projects delivered within the last 5 years.
Developer Benefits
Pre-qualified homebuyers
Access to buyers with approved financing.
Offtake guarantees
Mitigates sales risk.
Platform visibility
Exposure to potential buyers.
Mortgage Calculator
Estimate your monthly repayment.
This is an estimate, not an approval or binding offer.
Frequently Asked Questions
Answers to the most common questions about MREIF, mortgages, homebuyer eligibility, developer participation, and Non-Interest Mortgage.
What is MREIF?
MREIF stands for the MOFI Real Estate Investment Fund. It is a Federal Government-backed housing finance initiative established under the Renewed Hope agenda to address Nigeria's housing deficit by providing long-term, low-cost mortgage financing for Nigerians.
What interest rate does MREIF offer?
The MREIF home loan interest rate is 9.5% per annum, fixed for the duration of the mortgage.
What is the maximum loan term?
MREIF mortgages run for up to 20 years, subject to the borrower's age, retirement age, and other applicable conditions.
What is the minimum equity contribution?
The minimum equity contribution is 10% of the property value. MREIF finances the remaining 90% through the mortgage.
How much can I borrow under MREIF?
The MREIF product allows a maximum loan amount of ₦100 million, subject to affordability assessment and property valuation.
Can self-employed Nigerians apply?
Yes. Self-employed Nigerians can apply. They must demonstrate a sustainable income through bank statements, tax records, audited accounts, or other verifiable evidence.
Can diaspora Nigerians apply?
Yes. Nigerian citizens living abroad can apply. Diaspora applicants may need to provide additional documentation such as proof of income in their country of residence.
What documents are required for homebuyers?
Employment Offer Letter or Confirmation Letter, Utility Bill not more than 3 months old, Valid ID, RSA Statement of Account, Six months recent pay slips (if employed), Birth Certificate or Declaration of Age, Tax Card or Tax Clearance Certificate.
How does the homebuyer application work?
Apply online, complete the pre-qualification form, then upload the required documents. Our team reviews the application within a few days and contacts you on next steps.
What does a developer need to qualify?
Minimum 5 hectares of titled land, minimum net asset value of ₦500 million, ability to fund at least 30% of the project, and a track record of at least 3 completed housing projects in the last 5 years.
What is an Offtake Guarantee?
An Offtake Guarantee is a credit enhancement MREIF provides to qualified developers. It commits to purchasing eligible housing units if they are not sold within an agreed period, helping developers secure construction financing.
What is a Non-Interest Mortgage?
A Non-Interest Mortgage is a Shariah-compliant home financing structure that avoids interest (riba). It uses ethical financing models such as Murabaha, Ijara, or Diminishing Musharakah.
Get in Touch
Reach our team directly via phone, WhatsApp or email — or send us a message below.
Fund Managers Abuja Office
Asset & Resource Management Holding Company (ARM)
First Floor, Tsukunda House
1446, Off, Plot 1008 Constitution Avenue
Central Business District, Abuja
Fund Managers Lagos Office
Asset & Resource Management Holding Company (ARM)
1 Mekunwen Road
Off Oyinkan Abayomi Drive
Ikoyi, Lagos
Contact
Phone: 0913 349 6077
WhatsApp: 0913 349 6077
Email: support@mreif.homemortgageng.com
hello@mreif.homemortgageng.com
Start Your Pre-Qualification
Complete the form below. On the next step you will upload the required documents listed on our Homebuyer page.
Upload Your Documents
All 7 documents are required. Accepted formats: JPG, PNG, PDF. Maximum 10 MB per file.
Developer Application
Tell us about your company and the project you wish to register with MREIF. The next step lets you upload supporting documents.
Developer Document Upload
All 6 documents are required. Accepted formats: JPG, PNG, PDF. Maximum 10 MB per file.