FMBN USSD Code: Federal Mortgage Bank Of Nigeria

What is the USSD code for NHF number? The Federal Mortgage Bank of Nigeria is a government-owned financial institution established in 1956. Its primary mandate is to provide affordable housing finance for Nigerian workers and promote the development of the housing sector in Nigeria.

Access to affordable housing is a fundamental right and a key driver of socio-economic development. In Nigeria, the Federal Mortgage Bank of Nigeria (FMBN) stands as a pivotal institution committed to providing affordable housing finance and fostering the growth of the housing sector.

What is FMBN USSD Code?

The Federal Mortgage Bank of Nigeria USSD code is *219#. The USSD short code was introduced to help people get instant access to FMBN self-services using their mobile phone and this does not require an internet connection. to operate.

However, you can also access the FMBN via the mobile app available on Android and iOS stores. Or through their website https://www.fmbn.gov.ng/nhfmobile

How do I check my FMBN balance?

How much is the NHF monthly contribution? To check your contributions, follow the steps below:

1. Dial *219# on your phone.
2. Tap 2 on your keypad and send
3. Type 1 and send
4. Enter the exact month i.e 1 to 12 and send, you will receive a notification shortly after.

How do I withdraw my NHF contribution?

To withdraw your National Housing Fund (NHF) contributions from the Federal Mortgage Bank of Nigeria (FMBN), you need to follow these steps:

1. Eligibility Check: Ensure that you meet the criteria for withdrawing your NHF contributions. Typically, contributors are eligible to withdraw their funds after a minimum period of two years of continuous contributions.
2. Gather Required Documents: Prepare the necessary documents to support your withdrawal request. These documents typically include:

• Completed NHF withdrawal application form (obtainable from the FMBN or their website).
• Photocopy of your NHF registration number or NHF identification card.
• Photocopy of your valid identification document (e.g., National ID card, Driver’s License, International Passport).
• Letter of introduction from your employer (if applicable).
• Evidence of payment of the NHF contributions (e.g., pay slips, bank statements).

3. Submit Your Application: Visit the nearest FMBN office or designated branches to submit your NHF withdrawal application form and the supporting documents. Ensure that you provide accurate and complete information to expedite the process.
4. Verification And Processing: The FMBN will verify the information provided and review your application. This process may involve confirming your contribution records, employment status, and other relevant details. The duration for processing the withdrawal request may vary, but it is advisable to follow up with the FMBN periodically to check the status of your application.
5. Disbursement Of Funds: Once your application is approved, the FMBN will disburse the funds to you. The funds are typically paid through a bank transfer to your designated bank account. Ensure that you provide accurate bank account details during the application process.

Some key functions of the FMBN include:

• Providing accessible and affordable housing finance to contributors to the National Housing Fund (NHF).
• Mobilizing funds from various sources to finance housing development in Nigeria.
• Collaborating with state governments, private developers, and other stakeholders to deliver housing projects.
• Managing the National Housing Fund, which is a mandatory savings scheme for Nigerian workers in the formal sector.
• Administering the Estate Development Loan (EDL) scheme, which provides funding to private developers for housing projects.
• Implementing the Rent-to-Own scheme, which allows contributors to the NHF to own homes through rental payments.
• Facilitating the creation of a secondary mortgage market to enhance liquidity in the housing finance sector.

Final thought

The Federal Mortgage Bank of Nigeria plays a critical role in providing affordable housing finance and promoting housing development in Nigeria. Through initiatives such as the National Housing Fund, Estate Development Loan scheme, and Rent-to-Own program, the FMBN strives to make homeownership a reality for Nigerian workers. As the bank continues its mission, it is crucial to enhance collaboration, streamline processes, and ensure sustainable funding to address the housing deficit and create a brighter future for Nigerians in need of affordable housing.