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How to Raise Funds for a Down Payment on Landed Property in Lagos, Nigeria

Updated: Jun 9, 2023

Buying landed property in Lagos, Nigeria is an excellent investment, but the down payment can be a challenge for many people. If you're in this situation, don't worry! In this article, Vines Realty explores several ways to raise funds for a down payment on landed property in Lagos, Nigeria. Whether you choose to save, sell assets, or take out a loan.

5 Ways to Secure Funds for a Down Payment on Landed Property in Lagos Nigeria

Many people face this challenge when trying to invest in real estate. However, with the right guidance from Vines Realty, securing the money you need is possible. we'll share five effective ways to secure funds for a down payment on landed property in Lagos, Nigeria. In this comprehensive guide, we'll explore various options, including government schemes, personal savings, and borrowing from friends and family, to help you fund your down payment on landed property in Lagos, Nigeria.

1. Personal savings

Personal savings is the first and most obvious way to fund a down payment on a property. If you've been saving up for a while, you may have enough money to cover the down payment. This is the best option because it doesn't involve taking out any loans or accumulating debt. If you don't have enough saved up, consider cutting back on expenses or finding ways to earn extra income to increase your savings.

2. Take advantage of government schemes

The Nigerian government has several schemes in place to help people buy homes. One such scheme is the National Housing Fund (NHF). The NHF is a government scheme that allows contributors to saving towards owning a home. Once you've saved up to a certain amount, you can apply for a loan to buy a house or land. Other schemes include the Lagos State Home Ownership Mortgage Scheme (Lagos HOMS) and the Federal Mortgage Bank of Nigeria (FMBN) housing loans.

3. Borrow from friends and family

Another option to consider is borrowing from friends and family. If you have relatives or friends who are willing to lend you money, you can use the funds to make a down payment on a property. However, it's important to have a written agreement in place outlining the terms of the loan, such as repayment schedule and interest rates.

4. Sell off assets

If you have assets such as a car, jewellery, or other valuable items, you can sell them to raise the funds needed for a down payment. This option may not be ideal if you don't have any valuable assets or if the items you have aren't worth enough to cover the down payment.

5. Take out a loan

If none of the above options works for you, you can consider taking out a loan to fund the down payment. There are various loan options available, such as personal loans or home equity loans. However, it's important to remember that taking out a loan will result in debt, and you'll have to make monthly payments towards paying off the loan.


Buying landed property in Lagos Nigeria is a smart investment, but it can be challenging to come up with the funds needed for a down payment. However, by utilizing the options listed above, you can raise the money you need to make your dream of owning property a reality with Vines Realty. Remember to carefully consider your options and choose the one that's best for you.

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