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Mortgage Services

The mortgage loan services group is further classified into Social and Commercial subgroups depending solely on the windows from which the funds were sourced. Commercial loans are for funds sourced from various savings and investment products of the banking services. Social loans on the other hand represent funds from the National Housing Fund allocations.


These are commercial loans designed to finance the development of large residential estates either for sale, lease or rental. Union Homes funded the under-listed estate projects.

  1. Union Homes/Lagos State Development and Property Corporation Estate at Owutu, Ikorodu, and at Palmview Estate Oko-Oba, Agege Lagos.
  2. Multi-million Naira-Agric/Coker Market near Festac, Lagos
  3. Oniru Private Estate, Victoria Island, Lagos
  4. Nnamdi Azikiwe/Alli Balogun Shopping Complex, Central Business District, Lagos
  5. Snecou Prince and Princess Estate, Duboyi, Abuja
  6. Abia State Housing Estate, Ehinmiri, Umuahia
  7. Efab City Estate, Mbora District, Abuja
  8. Wilbahi Estate, Airport Road, Abuja
  9. Apico/Shelter Afrique Estate, Uyo.


This product is designed specially for workers in the public service, corporations and high networth companies, who operate pension schemes for their employees. It is aimed at enabling workers gain access to mortgage loan facilities for the purpose of home ownership, at subsidized interest rates.Such privileged employees would be proud homeowners while in service, in addition to having their terminal benefits awaiting them at the end of their services.


The product is designed specifically for pensionable employees. Under the PELMS scheme, Union Homes will manage an establishment's pension funds and extend mortgage loans to employees/beneficiaries at an agreed subsidized interest rate.The prevailing high interest rate regime increases the burden of mortgage loans repayment, making our reduced interest rates more attractive for instalmental repayments. The objective of this product therefore is to ensure that in addition to retirement benefits, employees/beneficiaries of the scheme have their own houses.

Union Homes shall be disposed to fund and monitor the construction of agreed housing units on any land allocated to a corporation within viable urban areas for this purpose and also to access the National Housing Fund to enable employees pay for the houses.

New Housing at Abuja FCT"
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Union homes Estate, Kuje (Phase II), Abuja"
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Union Homes REIT"
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Housing Projects/Properties at Lagos"
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