ABSTRACT

This study examined mortgage financing in Nigeria (1992-2009) Data collection involved the use of well structured questionnaires. Results obtained were analyzed with qualitative and quantitative techniques. The simple descriptive statistics (which involved the use of frequency tables and percentages) was used to analyze the socio economic characteristics of landlords in the study area. The rate of development of the Nigerian mortgage market was discovered to be underdeveloped in the study area. On the other hand mortgage finance institution had been felt significantly in the housing sector. This was achieved via the chi - square technique. Major constraints that hampered mortgage financing in Nigeria include lack of fund, loan repayment default, and high cost of fund and unavailability of land. Finally, if anticipated improvement is to be achieved in the housing sector. The national housing fund (NHF) must review and enforce its mandate of mobilizing cheap and long term funds for housing as a way of rehabilitating this inevitable sector of infrastructural development.