Lagos HOMS: Application, Locations & Prices

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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.

Lagos HOMS: Application, Locations & Prices

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 by Clicking Here

 Price, Location & Categories of Lagos HOMS (2016)

PROPERTY TYPEPRICE RANGELOCATIONSIZE(m2)PRICE
ROOM / PALOURN4.34mMICHAEL OTEDOLA ESTATE ODORAGUNSHI60.224.34m
1 BEDROOM TYPE 1N4.10-6.40mODO ONOSA/ODO AYANDELU60.224.10m
OBA ADEBORUWA ESTATE IGBOGBO60.226.47m
MICHAEL OTEDOLA ODORAGUNSHI60.226.40m
1 BEDROOM TYPE 2N7.50-7.85mIGBOGBO PHASE II60.227.50m
IGANDO GARDENS60.227.54m
MAGODO60.227.57m
OMOLE SCHEME60.227.71m
SANGOTEDO477.85m
1 BEDROOM TYPE 3N8.25-9.91mChief Anthony Enahoro Scheme (Shogunro) 160.228.35m
Chief Anthony Enahoro Scheme (Shogunro) 260.228.61m
SHITTA, SURULERE60.228.25m
ILUPEJU60.229.08m
MUSHIN60.228.28m
LEKKI SCHEME I60.229.91m
2 BEDROOM TYPE 1N6.22-7.22mODO ONOSA/ODO AYANDELU75.796.22m
OBA ADEBORUWA ESTATE IGBOGBO75.797.91m
MICHAEL OTEDOLA ODORAGUNSHI75.797.22m
2 BEDROOM FLATN9.75CHOIS GARDENS75.799.75m
2 BEDROOM TYPE 2N9.44-9.71mIGBOGBO PHASE IIB75.799.44m
IGANDO GARDENS75.799.48m
MAGODO SHANGISHA75.799.52m
OMOLE SCHEME75.799.71m
2 BEDROOM TYPE 3N10.38-12.47mChief Anthony Enahoro Scheme (Shogunro) 175.7910.51m
Chief Anthony Enahoro Scheme (Shogunro) 275.7910.83m
SHITTA, SURULERE75.7910.38m
ILUPEJU75.7911.42m
MUSHIN75.7910.42m
LEKKI SCHEME II75.7910.54m
LEKKI SCHEME I75.7912.47m
2 BEDROOM TYPE 4N14.69-18.61mSANGOTEDO8814.69m
3 BEDROOM FLATN14.5mCHOIS GARDENS123.914.5m
3BEDROOM TERRACEN8.77mODO ONOSA/ODO AYANDELU123.98.77m
3 BEDROOM TYPE 1N6.96mODO ONOSA/ODO AYANDELU123.96.96m
3 BEDROOM TYPE 2N8.98-11.02mILORO SCHEME123.98.98m
HON. SOTONWA ESTATE, IGBOGBO123.99.96m
HON. MUSTAPHA OJOKORO123.911.02m
3 BEDROOM TYPE 3N15.43-16.69mIGBOGBO PHASE II123.915.43m
IGANDO GARDENS123.915.50m
SHITTA, SURULERE123.916.69m
MAGODO SHANGISHA123.915.57m
OMOLE SCHEME123.915.87m
3 BEDROOM TYPE 4N16.69-17.71mChief Anthony Enahoro Scheme (Shogunro) 1123.917.17m
Chief Anthony Enahoro Scheme (Shogunro) 2123.917.71m
MUSHIN123.917.03m
LEKKI SCHEME II123.917.22m
SANGOTEDO10016.69m
3 BEDROOM TYPE 5N18.67-20.39mILUPEJU123.918.67m
LEKKI SCHEME II123.920.39m

Note : The information in the table was accessed from the lagoshoms.gov.ng website .




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