Buying in Lagos on Foreign Income: Mortgage & FX Reality
Yes, you can now borrow in Nigeria against foreign income — the FMBN diaspora mortgage (launched August 2026) offers eligible diaspora Nigerians up to ₦100 million at 9% for up to 10 years, and commercial lenders price naira mortgages around 20–28%. But the loan is in naira, repaid in naira: your real risks are documentation, the contribution record, and exchange-rate movement between your salary and the repayment.
Laide Matthews · 18 September 2026 · 6 min read