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List of Primary Mortgage Bank in Nigeria (2020)

Primary mortgage Banks are financial institutions that provide secured loans to clients purchasing real estate. There are thirty-five (35) primary mortgage Bank in Nigeria (2020). The Central Bank of Nigeria is responsible for the supervision and monitoring of activities of primary mortgage banks.

Functions of Primary Mortgage Banks

They source for new customers as their daily routine.
They run deposit accounts and monitor current accounts.
They originate new loans and servicing of loans.
They provide long term credit facilities to borrower/mortgage institutions.
They are also responsible for collection and administration of National Housing Fund in accordance with the provisions of NHF Act.
They are responsible for any transactions seems appropriate in order to carry out their functions according to FMBN Act.

List of primary mortgage Bank in Nigeria.

The under-listed are the register and licensed mortgage banks in Nigeria (2020) according to Central Bank of Nigeria.

1	ABBEY BUILDING SOCIETY LIMITED
2	AG HOMES SAVINGS & LOANS LIMITED
3	AKWA SAVINGS & LOANS LIMITED
4	ASO SAVING & LOANS PLC
5	Brent Mortgage Bank
6	CENTAGE SAVINGS & LOANS LIMITED
7	CITY CODE SAVINGS & LOANS LIMITED
8	COOP SAVING & LOANS LIMITED
9	DELTA BUILDING SOCIETY LTD
10	FBN MORTGAGES LIMITED
11	FHA HOMES SAVINGS & LOANS LTD.
12	FIRST GENERATION HOMES (SAVINGS & LOANS) LIMITED
13	GATEWAY SAVINGS & LOANS LIMITED
14	GLOBAL TRUST SAVINGS & LOANS LTD.
15	HAGGAI SAVINGS AND LOANS LIMITED
16	HOMEBASE MORTGAGE LIMITED
17	Imperial Homes Mortgage Bank Limited
18	INFINITY TRUST MORTGAGE BANK PLC
19	JIGAWA SAVINGS & LOANS LIMITED
20	JUBILEE-LIFE SAVINGS & LOANS LIMITED

21	KEBBI STATE HOME SAVINGS & LOANS LTD.
22	LAGOS BUILDING & INVESTMENT COMPANY LIMITED
23	MAYFRESH SAVINGS & LOANS LIMITED
24	MGSL Mortgage Bank
25	MUTUAL ALLIANCE SAVING & LOANS LIMITED
26	NEW PRUDENTIAL BUILDING SOCIETY LIMITED
27	Nigeria Police Mortgage Bank
28	OMOLUABI SAVINGS & LOANS
29	PLATINUM SAVINGS & LOANS LIMITED
30	REFUGE HOME SAVINGS & LOANS LIMITED
31	RESORT SAVINGS & LOANS PLC
32	SAFE TRUST SAVINGS & LOANS LIMITED
33	STB BUILDING SOCIETY LIMITED
34	TrustBond Mortgage Bank Plc
35	UNITED MORTGAGE LIMITED

Primary Mortgage Bank in Nigeria (2020)

There are eighteen (18) primary mortgage Banks in Lagos.

1	ABBEY BUILDING SOCIETY LIMITED
2	AG HOMES SAVINGS & LOANS LIMITED
3	Brent Mortgage Bank
4	CENTAGE SAVINGS & LOANS LIMITED
5	CITY CODE SAVINGS & LOANS LIMITED
6	FBN MORTGAGES LIMITED
7	GLOBAL TRUST SAVINGS & LOANS LTD.
8	HAGGAI SAVINGS AND LOANS LIMITED
9	HOMEBASE MORTGAGE LIMITED
10	Imperial Homes Mortgage Bank Limited
11	JUBILEE-LIFE SAVINGS & LOANS LIMITED
12	LAGOS BUILDING & INVESTMENT COMPANY LIMITED
13	NEW PRUDENTIAL BUILDING SOCIETY LIMITED
14	REFUGE HOME SAVINGS & LOANS LIMITED
15	RESORT SAVINGS & LOANS PLC
16	STB BUILDING SOCIETY LIMITED
17	TrustBond Mortgage Bank Plc
18	UNITED MORTGAGE LIMITED

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List of Primary Mortgage Banks in Abuja

1	ASO SAVING & LOANS PLC
2	FIRST GENERATION HOMES (SAVINGS & LOANS) LIMITED
3	FHA HOMES SAVINGS & LOANS LTD.
4	INFINITY TRUST MORTGAGE BANK PLC
5	MGSL Mortgage Bank
6	Nigeria Police Mortgage Bank
7	PLATINUM SAVINGS & LOANS LIMITED
8	TrustBond Mortgage Bank Plc

Top 5 Primary Mortgage Bank in Nigeria (2020)

Let’s look briefly at some of this primary mortgage banks in Nigeria.

1. ABBEY BUILDING SOCIETY LIMITED

Abbey Building Society Limited is also called Abbey mortgage Bank PLC. They are the first primary mortgage bank in Nigeria. It is also important to note that Abbey Mortgage Bank is the largest mortgage Bank in Nigeria.

Abbey Building society Limited is granted national authorization with 10 branches nationwide in three (3) geopolitical zones.

Website: www.abbeymortgagebank.com

Head Office: 23 Karimu Kotun Street, Victoria Island, Lagos.

E-mail: info@abbeymortgagebank.com

2. AG HOMES SAVINGS & LOANS LIMITED

AG Homes Savings & Loans Limited also known as AG Mortgage Bank Plc. They have over 5,000 shareholders.

AG Mortgage Bank Plc is a national mortgage banking licence by Central Bank of Nigeria.

website: https://www.agmortgagebankplc.com/

Head office Address: 96 Opebi road, Ikeja,Lagos State – Nigeria.

READ ALSO:

List of Islamic Banks in Nigeria

3. ASO SAVING & LOANS PLC

Aso savings & loans PLC is one of the famous mortgage bank in Nigeria. The government owned 16% of the equity with 3,000 shareholders.

Head office Address: Plot 266, FMBN Building, Cadastral Zone A0, Central Business District, Abuja.

Website: https://www.asoplc.com/

4. Brent Mortgage Bank

Brent Mortgage Bank was formerly known as skyfield savings and loan limited.

The bank used the best benchmark of petroleum to named the company as they yarn to be the best mortgage ban in Nigeria.

Office Address: 192A, Jike Oki street, off Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria.

Website: www.brentng.com

5. PLATINUM SAVINGS & LOANS LIMITED

Platinum savings and loans limited is another national licensed mortgage doing tremendously well in personal loan, mortgage financing and business banking.

Head Office Address: 61, Yakubu Gowon Crescent, Asokoro Abuja.

Website: https://www.pmbl-ng.com/

Adeyinka Omojola

Adeyinka is the founder and content creator at Career Acada. He’s a technology expert and web developer. He holds a degree in Genetics and loves impacting life for a better society.