MyHome™
MyHome apply now | top
At FCMB we see your home as an investment - one that can be used as a base to create wealth for you.
Buying your own home is one of the most important decisions you will ever make. Shouldn’t you do it with a partner that understands wealth creation?
With FCMB MyHome™ you can own your own home immediately instead of waiting for years. Alternatively, you can use your existing home to help you make further investments.
What can I do with MyHome™? apply now | top
1) Own your first dream home – Today!
2) Renovate/Improve your existing home – Today!
3) Use the asset that is your home to acquire shares and invest in your business - make your money work harder for you.
4) Buy a second property with a vision of “buying to let” – become a landlord and create continous income for yourself.
MyHome™ is the first step to living the life you deserve today whilst creating wealth for tomorrow.
Why choose MyHome™? apply now | top
MyHome™ is a simple and easy to use service that gives you the financial rewards you are looking for in life:
• No hidden charges, no hidden fees – the rate we give you is what you pay.
• Flexible repayment plan – you decide whether to pay monthly or quarterly.
• We can even help with the household expenses of buying your first home: moving costs, furniture etc.
• With MyHome™, you will get an instant pre-qualification and an approval in principle within 48 hours of submitting your complete application.
• Make a joint application with your partner and receive a larger loan.
So how does it work? apply now | top
1) With MyHome™ all you need is a minimum 20% deposit of the total loan amount.
2) Together we agree on the payment period depending on what makes the best financial sense to you. It can be anything from a minimum
of 5, 10, 15, 20 or 25yrs. It’s up to you
Do I Qualify? apply now | top
Yes you do, if:
1) You are currently a confirmed staff who has been with your current employer for a minimum of 6 months and has been in gainful employment for at least 2 years post graduation.
2) You have been a self employed individual in the same business for a minimum of 3 years.
3) You will not be older than 65 by the time you complete your repayment.
My Repayment Plan apply now | top
With MyHome™ you pay a one-off administration fee of 1% of your loan amount. However a minimum fee of N150,000 will be applicable. No hidden charges and no escalations!
Sample monthly repayments are as follows:
| |
Purchase Price |
15-Year |
20-Year |
25-Year |
| 1 |
5,000,000.00 |
80,521.05 |
77,165.58 |
75,871.50 |
| 2 |
10,000,000.00 |
161,042.10 |
154,331.15 |
151,742.99 |
| 3 |
15,000,000.00 |
241,563.16 |
231,496.73 |
227,614.49 |
| 4 |
20,000,000.00 |
322,084.21 |
308,662.30 |
303,485.99 |
| 5 |
25,000,000.00 |
402,605.26 |
385,827.88 |
379,357.49 |
| 6 |
30,000,000.00 |
483,126.31 |
462,993.46 |
455,228.98 |
How do I apply? apply now | top
To ensure a stress free mortgage financing experience, you will be provided with a dedicated MyHome™ Consultant to guide you through the whole process and be on hand to give you all the advice and insight you need to make the right financial decisions.
Contact us by: apply now | top
Telephone apply now | top
Call any of our qualified Consultants on 01-7646409 today and we will arrange a convenient time to visit you and discuss your application.
Visit apply now | top
You can visit one of our participating branches where one of our qualified Consultants will be happy to take you through the application process.
Email apply now | top
homeloans@firstcitygroup.com
Internet apply now | top
• Visit www.firstcitygroup.com and click the MyHome™ link to take you to the MyHome™ Page.
• Click on “How do I apply” and follow the link.
• Complete the form with some simple information. If you qualify for a MyHome™ loan, you will then pass through to the full application form.
• If for some reason you do not initially qualify for a MyHome loan, you can call a MyHome™ Consultant on 01-7646409. Alternatively, if you leave your details we will contact you within 24 hours – we may still be able to help you.
• If you cannot complete the application form in one go, you can securely save it and return to it later.
• Once you have completed the application form you will need to print out a copy. Take it to your nearest participating branch together with the documents required in support of your application.
What do I need to complete my application? apply now | top
Once you have been pre-approved you will need to submit the following information to successfully complete your application:
1.1. Application
1.1.1. A completed and executed FCMB Home Loans mortgage application form
1.1.2. Current account opened at FCMB branch (if not already opened)
1.2 Identity
1.2.1 International Passport OR Driver’s Licence OR National Identity Card.
1.2.2 Staff Identity Card.
1.2.3 2 (two) passport photographs.
1.3 Income verification
Employed status
1.3.1 Letter of Employment OR Employee Status Enquiry Form endorsed by Current Employer
1.3.2 Latest 3 months payslips.
Self employed status
1.3.3 2 years certified audited accounts, to include profit & loss statement and balance sheet, and also revenue history for past 2 years.
1.3.4 Copies of business registration documentation (if applicable).
Employed and self employed status
1.3.5 Evidence of any additional income from sources other than main employment (if applicable).
1.4 Credit History
1.4.1 Statement of Bank Account for the last 6 months.
1.4.2 Paid Utility Bills (Electricity, Water or Telephone) for the past 3 months.
1.4.3 Rent Receipt for the current year (if applicable).
1.4.4 Business premises rent receipt for the current year (self employed only).
1.4.5 Last 2 years business tax returns (self employed only)
1.5 Documents relating to security
1.5.1 Copy of title documents of the proposed property.
1.5.2 Copy of approved building plan and any accompanying documents of title
1.5.3 Letter of authorization to conduct searches from current title holder.
1.5.4 Passport photograph of the title holder with his/her/their name(s), signature(s) and phone numbers endorsed on the reverse side
1.5.5 Copy of business registration documents (for corporate vendors only).
1.5.6 Vendor’s letter of acceptance of purchase price or Contract of Sale executed by the Vendor and the borrower (with banker’s confirmation of vendor’s signature).
1.5.7 Authority to debit account for non refundable facility fee
1.6. Fees required
1.6.1 Facility fee
1.6.2 Perfection fees
*Terms & Conditions Apply