Lagos HOMS: Application, Locations & Prices

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 Price, Application & Location

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 TYPE PRICE RANGE LOCATION SIZE(m2) PRICE
ROOM / PALOUR N4.34m MICHAEL OTEDOLA ESTATE ODORAGUNSHI 60.22 4.34m
1 BEDROOM TYPE 1 N4.10-6.40m ODO ONOSA/ODO AYANDELU 60.22 4.10m
OBA ADEBORUWA ESTATE IGBOGBO 60.22 6.47m
MICHAEL OTEDOLA ODORAGUNSHI 60.22 6.40m
1 BEDROOM TYPE 2 N7.50-7.85m IGBOGBO PHASE II 60.22 7.50m
IGANDO GARDENS 60.22 7.54m
MAGODO 60.22 7.57m
OMOLE SCHEME 60.22 7.71m
SANGOTEDO 47 7.85m
1 BEDROOM TYPE 3 N8.25-9.91m Chief Anthony Enahoro Scheme (Shogunro) 1 60.22 8.35m
Chief Anthony Enahoro Scheme (Shogunro) 2 60.22 8.61m
SHITTA, SURULERE 60.22 8.25m
ILUPEJU 60.22 9.08m
MUSHIN 60.22 8.28m
LEKKI SCHEME I 60.22 9.91m
2 BEDROOM TYPE 1 N6.22-7.22m ODO ONOSA/ODO AYANDELU 75.79 6.22m
OBA ADEBORUWA ESTATE IGBOGBO 75.79 7.91m
MICHAEL OTEDOLA ODORAGUNSHI 75.79 7.22m
2 BEDROOM FLAT N9.75 CHOIS GARDENS 75.79 9.75m
2 BEDROOM TYPE 2 N9.44-9.71m IGBOGBO PHASE IIB 75.79 9.44m
IGANDO GARDENS 75.79 9.48m
MAGODO SHANGISHA 75.79 9.52m
OMOLE SCHEME 75.79 9.71m
2 BEDROOM TYPE 3 N10.38-12.47m Chief Anthony Enahoro Scheme (Shogunro) 1 75.79 10.51m
Chief Anthony Enahoro Scheme (Shogunro) 2 75.79 10.83m
SHITTA, SURULERE 75.79 10.38m
ILUPEJU 75.79 11.42m
MUSHIN 75.79 10.42m
LEKKI SCHEME II 75.79 10.54m
LEKKI SCHEME I 75.79 12.47m
2 BEDROOM TYPE 4 N14.69-18.61m SANGOTEDO 88 14.69m
3 BEDROOM FLAT N14.5m CHOIS GARDENS 123.9 14.5m
3BEDROOM TERRACE N8.77m ODO ONOSA/ODO AYANDELU 123.9 8.77m
3 BEDROOM TYPE 1 N6.96m ODO ONOSA/ODO AYANDELU 123.9 6.96m
3 BEDROOM TYPE 2 N8.98-11.02m ILORO SCHEME 123.9 8.98m
HON. SOTONWA ESTATE, IGBOGBO 123.9 9.96m
HON. MUSTAPHA OJOKORO 123.9 11.02m
3 BEDROOM TYPE 3 N15.43-16.69m IGBOGBO PHASE II 123.9 15.43m
IGANDO GARDENS 123.9 15.50m
SHITTA, SURULERE 123.9 16.69m
MAGODO SHANGISHA 123.9 15.57m
OMOLE SCHEME 123.9 15.87m
3 BEDROOM TYPE 4 N16.69-17.71m Chief Anthony Enahoro Scheme (Shogunro) 1 123.9 17.17m
Chief Anthony Enahoro Scheme (Shogunro) 2 123.9 17.71m
MUSHIN 123.9 17.03m
LEKKI SCHEME II 123.9 17.22m
SANGOTEDO 100 16.69m
3 BEDROOM TYPE 5 N18.67-20.39m ILUPEJU 123.9 18.67m
LEKKI SCHEME II 123.9 20.39m

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

35 thoughts on “Lagos HOMS: Application, Locations & Prices”

  1. It seems the scheme is for only salary earners, not for self employed people. Most self employed citizens don’t monthly salary. How can they benefit from the scheme?

  2. Thank God for the great job lag9s government is doing to ensure people are cared for. Am interested in having one in Epe., otedola estate or any place in Epe. Hope to hear from you.

  3. Is it possible for the money to be deducted directly from my salary as a Lagos State staff. I want to be part of the scheme. Am interested in 2 bedroom flat in Igbogbo

  4. The best of its kind in Nigeria i want to believe this will be the most beneficial housing scheme for our citizens and i hope it extends through out Nigeria, Lagos state has set a good example i hope to be a beneficiary of 3bedrooms duplex i have applied and done all the needful application.

  5. Hello there,

    I applied to this scheme last year and up on till now no update on my application

    Kindly make available updates so I can do a proper follow-up

    Thanks

  6. Dear Team,

    Kindly furnish me of the available completed building in mainland axis.I want to be part of this scheme. Also notify me of new post by my personal email.

    Thank you

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