FirstBank’s MREIF Home Loan Empowers Nigerians to Own Dream Homes with Up to ₦100 Million Credit

Tired of paying rent with no end in sight? FirstBank, in partnership with the Ministry of Finance Incorporated (MOFI), is giving Nigerians the chance to own their dream homes across all 36 states and the FCT. With loans of up to ₦100 million at just 9.75% interest and repayment terms of up to 20 years, the MREIF mortgage makes homeownership affordable, accessible, and stress-free—turning years of saving into a reality today.

Nigerians seeking a path to homeownership now have a groundbreaking option with FirstBank’s Mortgage Real Estate Investment Fund (MREIF) loan, a strategic initiative launched in partnership with the Ministry of Finance Incorporated (MOFI). The program aims to bridge the nation’s persistent housing deficit while providing citizens with accessible financing to acquire homes of their choice in any of the 36 states of the federation, including the Federal Capital Territory (FCT).
Speaking on the initiative, a spokesperson for FirstBank emphasized that the MREIF home loan is designed to address the critical need for affordable housing, particularly for low- and middle-income earners who traditionally have to save for years before securing a home. The bank highlighted that the program offers a “stress-free path to homeownership,” allowing Nigerians to invest in their future today, while also planning for retirement.
Under the MREIF scheme, eligible customers can access loans of up to ₦100 million, with flexible repayment terms of up to 20 years and an attractive annual interest rate of 9.75%. This rate is significantly lower than prevailing commercial loan rates, which often exceed 27%, making homeownership more attainable for a wider range of Nigerians.
The mortgage facility is open to salary account holders, business owners, and Nigerians living abroad. Interested applicants can visit FirstBank’s official website at https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/to access detailed information and start their journey toward owning a home.
By providing affordable, long-term financing options, FirstBank and MOFI are taking a major step in reducing the country’s housing gap, fostering financial empowerment, and improving quality of life for Nigerian citizens. The MREIF initiative demonstrates a commitment to innovative financial solutions that directly impact communities and support sustainable development in the housing sector.
FirstBank, in partnership with MOFI, launches the MREIF home loan, offering Nigerians up to ₦100 million at 9.75% interest for up to 20 years, enabling affordable homeownership across all states and the FCT.
Stop renting and own your dream home today! FirstBank’s MREIF mortgage loan offers up to ₦100 million at 9.75% interest, helping Nigerians across all states and the FCT secure homes easily and affordably.