COOPERATIVES

FMG work with Cooperatives to provide affordable homes ensuring speed quality, and affordability for their staff and Members. These houses are priced in such a way that subscribers can use their current Rental Expenses to service the mortgage for these houses for a period of 10-15 years i.e become their own tenant and subsequently landlord on expiration of the life of the mortgage either for themselves or for investment purposes.

They can Buy properties at 30% to 50% discount off plan for themselves or do investment that can give them returns in excess of 50% when they sell.

COOPERATIVES

FMG work with Cooperatives to provide affordable homes ensuring speed quality, and affordability for their staff and Members. These houses are priced in such a way that subscribers can use their current Rental Expenses to service the mortgage for these houses for a period of 10-15 years i.e become their own tenant and subsequently landlord on expiration of the life of the mortgage either for themselves or for investment purposes.

They can Buy properties at 30% to 50% discount off plan for themselves or do investment that can give them returns in excess of 50% when they sell. They can also use our micro home ownership financing scheme to buy properties with interest only loan  in 1 to 2 years to buy properties at 10% to 20% of the real value

We have reached an understanding with the mortgage banks to provide mortgage for beneficiaries, our Banker are also ready and on standby to provide the necessary financial backing for our projects we are prepared to build the houses with the required infrastructure in good locations anywhere in Nigeria.

Interested organization and cooperatives are required to provide the following:

1. Land for the housing project (optional)
2. Provide guarantee for the beneficiary staff
3. Facilitate payment for the houses through direct debit from beneficiary staff over a 10-15 years period.
4. Facilitate the domiciliation of the retirement benefits (pension and gratuity) of beneficiaries with less numbers years as collateral should they be interested in being part of the scheme.
5. A down payment of at least 10% of choice of house we enclose sample prices as well as a questionnaires to determine the profile and house types and categories of your staff expectation