Q. What are the current mortgage rates in Nigeria?

Mortgage rates in Nigeria vary depending on the lender and type of mortgage. Currently, interest rates range from 15% to 25% per annum. Some commercial banks and mortgage institutions offer the following rates: – Access Bank: 15% to 18% per annum – First Bank: 16% to 20% per annum – Federal Mortgage Bank of Nigeria: 15% per annum for National Housing Fund (NHF) loans Please note that these rates are subject to change and may not be up-to-date. It’s best to check with the lenders directly for the most current information. Additionally, rates may vary based on the borrower’s credit score, loan term, and other factors.