The Lagos Home Ownership Mortgage Scheme also known as Lagos HOMS is a mortgage scheme by the state government for the teeming masses. If you have some cash and an average earning job then the Lagos HOMS scheme can help you own your house simply by paying instalmentally over a period.
Again, one good reason to partake in this scheme is that you get to use your house for future investment. Although I must confess that this scheme allows the buyer to own the house after payment has been completed.
Your neighbourhood affects you greatly whether you like it or not and the locations of the Lagos HOMS buildings are ideal for bringing up your children as they are also secured.
With the fast increment of house rent in Lagos which can be a bottle neck to one’s progress. When you own your own house things begin to fall in place for you financially as a majority of Lagosians spend a chunk of their income by paying house rent.
Some Lagos HOMS Features Worth Noting
1. Your tenure will be 10 to 20 years
2. You will pay about 30% of the total cost as down payment
3. There are participating banks who will sponsor the scheme
4. Initial Fee of ₦10,000 (Civil Servant) and an admin charge of ₦25,000 (others)
5. You get to pay the principal and interest periodically
6. There will be written and signed deed of mortgage
Lagos HOMS Application and Sign Up
1. You must live in Lagos state
2. You must not be over 60 years
3. You must have a proven source of income
4. Have the ability to pay the initial 30%
5. You are required to make payment of 6% interest on the loan
6. This must be the first time you are buying a house
Lagos HOMS Required Documents
1. Two (2) passport-sized photos (with name and signature behind)
2. Evidence of yearly payment of income tax for the last five years
3. Certified Personal Bank Statement for the last six months
4. Pay slips for the last six months
5. Last pay slip of previous employer (if applicant has changed jobs within the last year)
6. Letter of Reference from current employer confirming job title, status, annual salary & allowances and existing loans and/or obligations if any
7. Any evidence of additional income to service the mortgage
8. Proof of identity (Drivers license, Birth certificate, Passport, National ID card or Lagos State Residents Card etc)
9. Proof of residence in Lagos (Utility bill, Lagos State Residents Card, Tax card etc)
10. Signed Memorandum of Acceptance – Download it here
11. Notorised Buyers Affidavit – Download it here
12. Any other supporting documents
If you meet all the requirements above then you can apply for the mortgage scheme byClicking Here
Price, Location & Categories of Lagos HOMS (2016)
PROPERTY TYPE
PRICE RANGE
LOCATION
SIZE(m2)
PRICE
ROOM / PALOUR
N4.34m
MICHAEL OTEDOLA ESTATE ODORAGUNSHI
60.22
4.34m
1 BEDROOM TYPE 1
N4.10-6.40m
ODO ONOSA/ODO AYANDELU
60.22
4.10m
OBA ADEBORUWA ESTATE IGBOGBO
60.22
6.47m
MICHAEL OTEDOLA ODORAGUNSHI
60.22
6.40m
1 BEDROOM TYPE 2
N7.50-7.85m
IGBOGBO PHASE II
60.22
7.50m
IGANDO GARDENS
60.22
7.54m
MAGODO
60.22
7.57m
OMOLE SCHEME
60.22
7.71m
SANGOTEDO
47
7.85m
1 BEDROOM TYPE 3
N8.25-9.91m
Chief Anthony Enahoro Scheme (Shogunro) 1
60.22
8.35m
Chief Anthony Enahoro Scheme (Shogunro) 2
60.22
8.61m
SHITTA, SURULERE
60.22
8.25m
ILUPEJU
60.22
9.08m
MUSHIN
60.22
8.28m
LEKKI SCHEME I
60.22
9.91m
2 BEDROOM TYPE 1
N6.22-7.22m
ODO ONOSA/ODO AYANDELU
75.79
6.22m
OBA ADEBORUWA ESTATE IGBOGBO
75.79
7.91m
MICHAEL OTEDOLA ODORAGUNSHI
75.79
7.22m
2 BEDROOM FLAT
N9.75
CHOIS GARDENS
75.79
9.75m
2 BEDROOM TYPE 2
N9.44-9.71m
IGBOGBO PHASE IIB
75.79
9.44m
IGANDO GARDENS
75.79
9.48m
MAGODO SHANGISHA
75.79
9.52m
OMOLE SCHEME
75.79
9.71m
2 BEDROOM TYPE 3
N10.38-12.47m
Chief Anthony Enahoro Scheme (Shogunro) 1
75.79
10.51m
Chief Anthony Enahoro Scheme (Shogunro) 2
75.79
10.83m
SHITTA, SURULERE
75.79
10.38m
ILUPEJU
75.79
11.42m
MUSHIN
75.79
10.42m
LEKKI SCHEME II
75.79
10.54m
LEKKI SCHEME I
75.79
12.47m
2 BEDROOM TYPE 4
N14.69-18.61m
SANGOTEDO
88
14.69m
3 BEDROOM FLAT
N14.5m
CHOIS GARDENS
123.9
14.5m
3BEDROOM TERRACE
N8.77m
ODO ONOSA/ODO AYANDELU
123.9
8.77m
3 BEDROOM TYPE 1
N6.96m
ODO ONOSA/ODO AYANDELU
123.9
6.96m
3 BEDROOM TYPE 2
N8.98-11.02m
ILORO SCHEME
123.9
8.98m
HON. SOTONWA ESTATE, IGBOGBO
123.9
9.96m
HON. MUSTAPHA OJOKORO
123.9
11.02m
3 BEDROOM TYPE 3
N15.43-16.69m
IGBOGBO PHASE II
123.9
15.43m
IGANDO GARDENS
123.9
15.50m
SHITTA, SURULERE
123.9
16.69m
MAGODO SHANGISHA
123.9
15.57m
OMOLE SCHEME
123.9
15.87m
3 BEDROOM TYPE 4
N16.69-17.71m
Chief Anthony Enahoro Scheme (Shogunro) 1
123.9
17.17m
Chief Anthony Enahoro Scheme (Shogunro) 2
123.9
17.71m
MUSHIN
123.9
17.03m
LEKKI SCHEME II
123.9
17.22m
SANGOTEDO
100
16.69m
3 BEDROOM TYPE 5
N18.67-20.39m
ILUPEJU
123.9
18.67m
LEKKI SCHEME II
123.9
20.39m
Again, one good reason to partake in this scheme is that you get to use your house for future investment. Although I must confess that this scheme allows the buyer to own the house after payment has been completed.
Your neighbourhood affects you greatly whether you like it or not and the locations of the Lagos HOMS buildings are ideal for bringing up your children as they are also secured.
With the fast increment of house rent in Lagos which can be a bottle neck to one’s progress. When you own your own house things begin to fall in place for you financially as a majority of Lagosians spend a chunk of their income by paying house rent.
Some Lagos HOMS Features Worth Noting
1. Your tenure will be 10 to 20 years
2. You will pay about 30% of the total cost as down payment
3. There are participating banks who will sponsor the scheme
4. Initial Fee of ₦10,000 (Civil Servant) and an admin charge of ₦25,000 (others)
5. You get to pay the principal and interest periodically
6. There will be written and signed deed of mortgage
Lagos HOMS Application and Sign Up
1. You must live in Lagos state
2. You must not be over 60 years
3. You must have a proven source of income
4. Have the ability to pay the initial 30%
5. You are required to make payment of 6% interest on the loan
6. This must be the first time you are buying a house
Lagos HOMS Required Documents
1. Two (2) passport-sized photos (with name and signature behind)
2. Evidence of yearly payment of income tax for the last five years
3. Certified Personal Bank Statement for the last six months
4. Pay slips for the last six months
5. Last pay slip of previous employer (if applicant has changed jobs within the last year)
6. Letter of Reference from current employer confirming job title, status, annual salary & allowances and existing loans and/or obligations if any
7. Any evidence of additional income to service the mortgage
8. Proof of identity (Drivers license, Birth certificate, Passport, National ID card or Lagos State Residents Card etc)
9. Proof of residence in Lagos (Utility bill, Lagos State Residents Card, Tax card etc)
10. Signed Memorandum of Acceptance – Download it here
11. Notorised Buyers Affidavit – Download it here
12. Any other supporting documents
If you meet all the requirements above then you can apply for the mortgage scheme byClicking Here
Price, Location & Categories of Lagos HOMS (2016)
PROPERTY TYPE
PRICE RANGE
LOCATION
SIZE(m2)
PRICE
ROOM / PALOUR
N4.34m
MICHAEL OTEDOLA ESTATE ODORAGUNSHI
60.22
4.34m
1 BEDROOM TYPE 1
N4.10-6.40m
ODO ONOSA/ODO AYANDELU
60.22
4.10m
OBA ADEBORUWA ESTATE IGBOGBO
60.22
6.47m
MICHAEL OTEDOLA ODORAGUNSHI
60.22
6.40m
1 BEDROOM TYPE 2
N7.50-7.85m
IGBOGBO PHASE II
60.22
7.50m
IGANDO GARDENS
60.22
7.54m
MAGODO
60.22
7.57m
OMOLE SCHEME
60.22
7.71m
SANGOTEDO
47
7.85m
1 BEDROOM TYPE 3
N8.25-9.91m
Chief Anthony Enahoro Scheme (Shogunro) 1
60.22
8.35m
Chief Anthony Enahoro Scheme (Shogunro) 2
60.22
8.61m
SHITTA, SURULERE
60.22
8.25m
ILUPEJU
60.22
9.08m
MUSHIN
60.22
8.28m
LEKKI SCHEME I
60.22
9.91m
2 BEDROOM TYPE 1
N6.22-7.22m
ODO ONOSA/ODO AYANDELU
75.79
6.22m
OBA ADEBORUWA ESTATE IGBOGBO
75.79
7.91m
MICHAEL OTEDOLA ODORAGUNSHI
75.79
7.22m
2 BEDROOM FLAT
N9.75
CHOIS GARDENS
75.79
9.75m
2 BEDROOM TYPE 2
N9.44-9.71m
IGBOGBO PHASE IIB
75.79
9.44m
IGANDO GARDENS
75.79
9.48m
MAGODO SHANGISHA
75.79
9.52m
OMOLE SCHEME
75.79
9.71m
2 BEDROOM TYPE 3
N10.38-12.47m
Chief Anthony Enahoro Scheme (Shogunro) 1
75.79
10.51m
Chief Anthony Enahoro Scheme (Shogunro) 2
75.79
10.83m
SHITTA, SURULERE
75.79
10.38m
ILUPEJU
75.79
11.42m
MUSHIN
75.79
10.42m
LEKKI SCHEME II
75.79
10.54m
LEKKI SCHEME I
75.79
12.47m
2 BEDROOM TYPE 4
N14.69-18.61m
SANGOTEDO
88
14.69m
3 BEDROOM FLAT
N14.5m
CHOIS GARDENS
123.9
14.5m
3BEDROOM TERRACE
N8.77m
ODO ONOSA/ODO AYANDELU
123.9
8.77m
3 BEDROOM TYPE 1
N6.96m
ODO ONOSA/ODO AYANDELU
123.9
6.96m
3 BEDROOM TYPE 2
N8.98-11.02m
ILORO SCHEME
123.9
8.98m
HON. SOTONWA ESTATE, IGBOGBO
123.9
9.96m
HON. MUSTAPHA OJOKORO
123.9
11.02m
3 BEDROOM TYPE 3
N15.43-16.69m
IGBOGBO PHASE II
123.9
15.43m
IGANDO GARDENS
123.9
15.50m
SHITTA, SURULERE
123.9
16.69m
MAGODO SHANGISHA
123.9
15.57m
OMOLE SCHEME
123.9
15.87m
3 BEDROOM TYPE 4
N16.69-17.71m
Chief Anthony Enahoro Scheme (Shogunro) 1
123.9
17.17m
Chief Anthony Enahoro Scheme (Shogunro) 2
123.9
17.71m
MUSHIN
123.9
17.03m
LEKKI SCHEME II
123.9
17.22m
SANGOTEDO
100
16.69m
3 BEDROOM TYPE 5
N18.67-20.39m
ILUPEJU
123.9
18.67m
LEKKI SCHEME II
123.9
20.39m
No comments:
Post a Comment