The FISH Programme was initiated by the Head of Civil Service of the Federation to provide affordable housing in good locations to civil servants.
FISH stands for Federal Integrated Staff Housing
The FISH Programme is open to all Federal Civil and Public Servants in Nigeria.
No, the government will help you secure a mortgage loan to pay for the house, which you have to repay over a period of years.
A mortgage is loan given to you to help finance the purchase of a house. Like every loan, you will have to repay the principal and the interest on the loan over a period of time.
No, the interest rate for the mortgage will not be as high as the commercial lending rate. The primary target of the FISH programme is to secure single-digit interest rate mortgage loans for Civil Servants.
No, it will be paid directly to the developer through a Primary Mortgage Bank (PMB) and the keys to your house handed over to you.
Yes, you will receive monthly salary. However, it will be less than usual due to the monthly deductions for repayment of your mortgage loan. In-line with regulation, the total deduction from your salary cannot be more than one-third of your monthly salary.
- The length of time you will need to repay the loan is dependent on a number of factors such as:
- Your current salary (net income),
- If you have an existing loan running,
- Number of years before retirement, etc.
You need to register as member of FISH Cooperative Society Limited, complete the application for house allocation form, complete the mortgage profile form for housing loan and complete the FMBN and FGSHLB forms for mortgage.
You cannot apply for more than one house at the same time.
To own a house under the FISH programme, you need to register as a member of the FISH Cooperative.
No, the house type and size will depend on the type categorized for your Salary Grade Level in line with the affordability index.
You can only opt out of an existing mortgage if you have enough money to make outright payment on your outstanding loan repayment.
Yes, depending on location, finishing, size and type of house.
You can pick up a form at the FISH Department or download it from the FISH website, fill and submit it online. A membership fee of N1000 should be paid to the bank and the payment slip along with other relevant documents should be submitted to FISH Secretariat or uploaded and submitted online. Ensure all your documents are completed as your application will not proceed with incomplete documentation.
FISH housing allocation is based on a first come first served basis and other established criteria.
Once you have met the eligibility criteria and passed the pre-qualification from the profiling officer(s) from the FISH office, the developer will be informed to generate a provisional offer letter for you. If you agree with the terms of the letter, you sign the letter and write acceptance of offer and summit it to the FISH Department for further processing.
The terms of the offer letter from all the developers are written according to FISH standards and in the best interest of the civil servants. If you are not comfortable with the terms of your offer letter, your FISH property application will be terminated.
I have some money saved up. Can I use this to make part payment for the house under the FISH Programme?
Yes, FISH payment plans are flexible. You can make an initial lump sum payment, then pay the balance through a mortgage plan over a period of years. You can equally make a one-time full payment for the property if you can afford to.
You can track your application through the FISH website using your FISH ID number. You can also call, email or visit the client service center of the FISH Department. This is located at the Office of the Head of Civil Service.
You can call, email or visit the client service center of the FISH Department.