Imperial Homes Mortgage Bank

Imperial Homes Mortgage Bank Limited is a Nigerian Primary Mortgage Bank that provides mortgage lending, housing finance, savings, deposits, loans, advances, and real-estate services. The institution is licensed by the Central Bank of Nigeria to conduct mortgage banking and related activities, and its operations are focused on helping individuals, professionals, workers, corporate organisations, and cooperative societies access formal housing finance.

Although some profiles identify 2013 as the year Imperial Homes entered the mortgage-banking sector, the bank’s official history traces its origins to 1992, when it was incorporated as Citizens Savings and Loans Limited. This distinction is important: 1992 refers to the original incorporation of the institution, while later regulatory and corporate changes shaped the current Imperial Homes Mortgage Bank structure.

The bank’s core business is residential mortgage origination. Its mortgage products cover the purchase of completed homes, construction, renovation, refinancing, and other housing-related needs. These facilities are designed to help eligible customers spread the cost of home ownership over an extended period, subject to income, property value, documentation, credit assessment, and repayment requirements.

Imperial Homes also participates in the National Housing Fund mortgage system. Through its NHF mortgage product, eligible contributors can apply for financing to purchase, build, improve, or renovate a home. The bank also offers bridge finance for qualified applicants who are waiting for the processing of an NHF mortgage facility. Under the Federal Mortgage Bank of Nigeria’s NHF framework, loans are provided through accredited Primary Mortgage Banks and may have long repayment tenors, subject to the applicable rules and limits.

Savings and deposits form another important part of the bank’s operations. Imperial Homes mobilises deposits from individuals, organisations, and cooperative groups, allowing customers to save toward property acquisition and other financial objectives. The institution also provides loans and advances that may support personal, property, and business-related needs.

The bank’s real-estate services complement its mortgage activities. These services may include property-finance advisory, estate-related transactions, housing-project financing, and support for customers seeking suitable residential properties. By combining financing and real-estate services, Imperial Homes seeks to address several stages of the home-ownership process rather than operate solely as a mortgage lender.

Imperial Homes is headquartered at 27 Keffi Street, off Awolowo Road, Ikoyi, Lagos, and maintains an office in Abuja at the FMBN Building in the Central Business District. It is listed among Nigeria’s licensed Primary Mortgage Banks and is a member of the Mortgage Banking Association of Nigeria. Customer deposits are insured by the Nigeria Deposit Insurance Corporation, subject to applicable statutory limits.

The bank operates in a housing-finance market affected by high property prices, limited long-term funding, title and land-registration challenges, low mortgage penetration, and a relatively narrow base of formally employed borrowers. Within this environment, Imperial Homes contributes to the formal mortgage market by providing structured financing for middle-income and other eligible homebuyers.