MBAN Logo
MORTGAGE PRODUCT

Nigeria Mortgage Refinance Company (NMRC)

Enhancing access to affordable housing through long-term mortgage funding.

ABOUT

Nigeria Mortgage Refinance Company (NMRC)

NMRC is Established in 2013
Type: Public-Private Partnership (PPP)
Role: Liquidity provider & market stabilizer for mortgage lenders in Nigeria.
Purpose:
NMRC tackles Nigeria’s housing deficit by providing long-term funding, reducing mortgage interest rates, and extending loan tenures—making homeownership easier for more Nigerians.
Happy homeowner with keys
HOW IT WORKS

How Nigeria Mortgage Refinance Company (NMRC) works.

  • 1

    Raises Funds from capital markets.

    NMRC raises long-term funds by issuing bonds in the capital market.

  • 2

    Mortgage Portfolio Purchase

    These funds are used to buy mortgage portfolios from primary mortgage banks and commercial banks.

  • 3

    Refinances Loans, freeing up lender capital.

    NMRC refinances these mortgages, enabling longer tenures and reduced interest rates.

  • 4

    Standardization & Confidence

    By enforcing strict underwriting standards, NMRC enhances trust, transparency, and investor confidence in Nigeria’s mortgage system.

SERVICES

Key Products

Mortgage Refinance Facility

NMRC’s flagship product. Offers long- term funding by buying eligible loans. Helps lenders extend loan tenure and lower interest rates.

Mortgage-Backed Securities (MBS)

Issued to capital market investors. Backed by high-quality mortgage assets. Diversifies the Nigerian investment landscape.

Capacity Building & Technical Assistance

Training for mortgage lenders. Topics: underwriting, risk management, digital tools.

Risk Management Solutions

Includes credit enhancements. Protects lenders from loan defaults.

Happy homeowner with keys
IMPACTS

Impact on Nigeria’s Housing Sector

Increased access to mortgage financing.
Broader inclusion for middle & lower-income Nigerians.
Encourages development of new housing units.
Strengthens investor confidence through standardization.
WHY IT MATTERS

Nigeria faces a huge housing gap. NMRC’s model addresses core barriers:

  • Short-term funding for lenders
  • High-interest mortgage rate
  • Lack of trust in long-term investments
By refinancing loans and issuing MBS, NMRC ensures lenders are empowered — and everyday Nigerians can dream of owning a home.

Contact

📍

17 Sanusi Fafunwa, Victoria Island, Lagos.

📞

Tel: +234 91-3-957-6830, +234 91-3-957-6830

📧

Email: info@nmrc.com.ng