List of Documents Required for Mortgage Application in Nigeria [Home Loan]

Getting a mortgage loan in Nigeria involves providing some documents which are among the requirements that determine eligibility for the mortgage loan application. These requirements serve as a crucial framework for lenders to assess the borrower’s financial capacity, stability, and creditworthiness.

Typically, applicants need to demonstrate a stable income source, a satisfactory credit history, and a reasonable debt-to-income ratio. Additionally, a down payment, usually a percentage of the property’s value, is required.

Lenders also consider factors such as employment history, assets, and the borrower’s ability to cover ongoing expenses like property taxes and insurance. Meeting these requirements ensures that borrowers are financially prepared and capable of managing the responsibilities associated with a mortgage loan.

Now, what are the four things you need to qualify for a mortgage? In this article, we will give a list of 7-10 documents you need when applying for a home loan. Before we continue, take minute to see the Perfection of Legal Mortgage in Nigeria Law and Procedure for Getting Loan Property.

Home Mortgage Meaning and Why it is better than Buying a House Outrightly

A mortgage is a loan that helps you buy a home when you don’t have enough money to pay for it upfront. Even if you have the cash to buy a house, sometimes it’s smarter to get a mortgage. This is because a mortgage allows you to have more financial flexibility.

So, instead of using all your money to buy the house, you can invest it in other things. There are several Advantages of Getting Mortgage Loan to Buy Your House instead of renting. With a mortgage, you can spread out the payments over a longer period of time, giving you the option to use your money for different investments while still owning a home.

For example, if you have other investment opportunities that you’re interested in pursuing, having a mortgage allows you the flexibility to make smaller payments over a longer period of time.

This way, you can allocate your available funds towards those investments while still gradually paying off your mortgage. There’s a previous guide on How to Apply for Mortgage Loan in Nigeria with all the Legal Requirements in it. You can take a look so that you can know the Top 10 Personal Loan you can apply for with low Interest Rates.

Useful Guides for Mortgage Application

Basic Requirements to Apply for Mortgage Loan

Requirements for obtaining a Mortgage Loan in Nigeria. These are the basic requirements for to qualify your for accessing a mortgage facility.

  1. An application letter for mortgage loan.
  2. An introduction letter from your employer is needed to ensure that you are indeed an employee of the company.
  3. Offer letter from the property developer
  4. Copy of documents of the property you want to purchase i.e Certificate of Occupancy.
  5. You are required to present payslips for the last three months. This is needed in order to verify that you have a steady income and you can afford to repay the loan you are requesting for.
  6. Your bank account statement for the last six to twelve months should be presented as well, depending on the requirements of the financier.
  7. A means of identification such as an international passport, National ID card, and Driver’s license should be presented.
  8. Tax clearance certificate.
  9. Letter of employment and confirmation can be used on jobs from jobs of 2years or up to 7years of working experience.
  10. An approved building plan should be presented.

The list of documents needed for mortgage pre approval as can be seen above is very important when applying for a mortgage loan. Make sure you attach the documents to your mortgage application file.

More Helpful Guides for Mortgage Application

Steps to Facilitate a Mortgage Loan Application

Apart from these requirements, every loan facility that is granted always undergoes three steps, which are as follows:

  • Account Opening
  • Equity Deposit
  • Application for the loan
  • Assessment
  • Processing and approval
  • Disbursement

The steps listed above are of utmost importance for several reasons, as they address common concerns among many Nigerians. One prevailing belief is that mortgage institutions prioritize profits over customer satisfaction, which discourages individuals from engaging with such institutions.

Additionally, some individuals have a general fear of incurring debts, which further deters them from considering mortgage options.

Due to unfortunate instances where individuals have been defrauded or faced issues like paying the wrong parties or purchasing properties involved in legal disputes or owned by the government, mortgage institutions have taken steps to mitigate these risks.

In addition to providing financial support, these institutions perform thorough due diligence on the property or land during the assessment process. This ensures that the buyer is informed about any potential irregularities, doubts, or fraudulent activities associated with the property.

The purpose is to discourage the purchase if there are any indications of dishonesty or uncertainty, thereby safeguarding the buyer’s interests.


In conclusion, once you have met the above requirements, as well as any other additional necessities based on the mortgage institution of your choice, you can get your dream house with ease. Now that you know key documents required for Mortgage Application it should be easier for you to apply for a home loan. If you still prefer to buy a house outrightly, you still need documentation.

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