Imperial Homes Mortgage Bank

What Imperial Homes Mortgage Bank does

Imperial Homes Mortgage Bank Limited is a Nigeria-licensed, NDIC-insured primary mortgage bank headquartered in Lagos with a regional office in Abuja. It was originally incorporated in 1992, was briefly a wholly-owned subsidiary of Guaranty Trust Bank plc between 2007 and 2010, and has operated independently under its current name since 2010, lending to individual homeowners, professionals, cooperative societies, diaspora Nigerians and corporate employer clients across Lagos and Abuja.

The bank's core product set comprises eight mortgage variants — Residential Mortgage (up to N60 million), Imperial Flex construction loans (up to N40 million), Imperial Pro (up to 90% of fixed-deposit placement), Equity Release (up to N50 million), Diaspora Mortgage (up to N50 million), National Housing Fund (NHF, up to N15 million), Bridge Mortgage (up to N15 million), and Refinance — distributed across four funding rate cards: Commercial (28%), MOFI (9.75%), FHF (16%) and NHF. It also operates HomeVest, a property-savings program paying 15% per annum that allows savers to use accumulated balances and up to 25% RSA drawdowns as mortgage equity contribution.

The technology layer is described as digital-first and includes online account opening, an internet banking portal (ibs.imperialmortgagebank.com), a loan management system (lms.imperialmortgagebank.com), a mobile app on iOS and Android, an online mortgage pre-qualification calculator with a 33% DTI benchmark, BVN/NIN validation and an account reactivation flow. Distribution is via self-serve digital channels, two physical branches, and co-development agreements with at least five Lagos/Abuja property developers — Mixta Africa, Nedcomoaks, Majoro Project, Home Co and Capital Gardens / Idera Lekki — whose inventory is listed on the bank's property portal and financed through Imperial Homes mortgages.

Name

Imperial Homes Mortgage Bank

Legal name

Imperial Homes Mortgage Bank Limited

Website

https://imperialmortgagebank.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Imperial Homes Mortgage Bank is a CBN-licensed Nigerian mortgage bank headquartered in Lagos with a regional office in Abuja. It provides residential, construction, diaspora, NHF-backed, and bridge mortgages, alongside the HomeVest savings program, to individual homeowners, professionals, employers and diaspora Nigerians in Lagos and Abuja.

Ownership category

akta.pro rank

Product category

Mortgage Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

akta.pro secondary industries

Closed-End Home Equity Loans (Second Mortgages) (FSALAGAA), Home Equity–Based Debt Consolidation (HEL/HELOC for consolidation) (FSAKAIAE), Home Improvement Personal Loans (Unsecured Installment) (FSAKAAAE)

Keywords

• Mortgage banking
• Home loan financing
• Property savings program
• Construction mortgage lending
• Diaspora housing finance

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Mortgage Interest Income: Primary revenue from interest charged on mortgage facilities including residential mortgages (up to N60m), Imperial Flex construction loans (up to N40m), Imperial Pro (up to 90% of fixed deposit), equity release (up to N50m), and NHF loans (up to N15m). Tenors range from 10-30 years depending on product type.
2. Savings and Deposits: Accepts savings and deposits from customers, paying interest on savings accounts while deploying funds for mortgage lending. HomeVest program offers 15% per annum on savings.
3. Real Estate Services: Facilitates property sales through development partnerships, earning income from mortgage facilitation on properties listed through the platform. Properties include various residential types across Lagos and Abuja locations.
4. Loan Processing Fees: Charges processing fees for mortgage applications, with processing periods ranging from 2 weeks (Imperial Pro) to 9 months (NHF).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Imperial Homes Mortgage Bank is a CBN-licensed Nigerian mortgage bank that provides housing finance products including residential mortgages, construction loans, equity release, diaspora mortgages, NHF-backed loans, and bridge financing. It also offers the HomeVest property savings program paying 15% per annum and digital banking services through online account opening, internet banking, and a mobile application.

Product overview

Imperial Homes Mortgage Bank is a Nigerian mortgage bank offering a comprehensive suite of housing finance and digital banking products. The core product portfolio centers on mortgage lending products including Residential Mortgage, Imperial Flex (construction), Imperial Pro (staff backed), Equity Release, Diaspora Mortgage, National Housing Fund (NHF), Bridge Mortgage, and Refinance options. Digital banking services encompass Internet Banking, Mobile Banking, and Instant Online Account Opening. The company also offers a proprietary savings product called HomeVest that allows customers to lock into property purchases while earning 15% per annum interest. An online Loan Eligibility Calculator enables pre-qualification assessment. The bank operates property listings across Lagos and Abuja through development partnerships, offering residential properties including terraces, apartments, maisonettes, bungalows, and duplexes from various developers.

Differentiator

Problem solved

Functional benefit

Brands

• HomeVest: A savings program that allows customers to save towards homeownership with 15% per annum interest, with option to lock into properties available through the bank's development partners
• Imperial Flex
• Imperial Pro
• Diaspora Mortgage

Products and services

• Residential Mortgage Standard mortgage for acquiring residential housing for personal use, up to N60 million with up to 25-year tenor and 20-30% equity contribution.
• Imperial Flex Construction mortgage for cluster residential properties through employer partnerships (minimum 10 staff), up to N40 million with up to 15-year tenor.
• Imperial Pro Cash-backed staff mortgage using fixed deposit placement as collateral, up to 90% of fixed deposit value with up to 20-year tenor.
• Equity Release Releases equity on residential property owned by the customer, up to 50% of Forced Sale Value (FSV) with a maximum of N50 million and no equity contribution required.
• Diaspora Mortgage Mortgage for Nigerians abroad to acquire residential property in Nigeria, up to N50 million with up to 10-year tenor and 40% equity contribution.
• National Housing Fund (NHF) Mortgage Government-backed NHF mortgage for residential housing acquisition, up to N15 million with up to 30-year tenor and 10% equity for properties above N5 million.
• Bridge Mortgage Short-term interest-only bridge finance of up to N15 million for customers pending NHF loan processing, with a 12-month tenor.
• HomeVest Savings Program Property savings program allowing customers to save toward homeownership and lock into developer properties while earning 15% per annum interest, with RSA drawdown of up to 25% available as equity after 12 months of consistent saving.
• Investment Services (Fixed Deposit) Fixed deposit investment placements offering attractive interest rates for wealth accumulation by individual and institutional customers.
• Digital Banking Services Digital banking services including instant online account opening, internet banking portal, mobile banking, BVN/NIN validation, withdrawal requests, and account reactivation for customers.

Quantifiable outcome

• Mortgage processing within 4 weeks (standard residential) to 2 weeks (Imperial Pro)
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Majoro Project LimitedcoreStrategic or Co-development PartnerMajoro Project Limited partnered with Imperial Homes Mortgage Bank to develop The Cove, a luxury residential project in Yaba, Lagos. The development offers 4-bedroom maisonette units with maid's quarters. Imperial Homes provides mortgage financing for properties within this development, with 8 available units at N250,000,000 each.
• Mixta AfricacoreStrategic or Co-development PartnerMixta Africa is a development partner with multiple properties listed through Imperial Homes including Marula Park in Lakowe (Lagos New Town) and Residence de la Paix (RDP) at Beechwood Park Estate in Lekki. Properties span 1-3 bedroom apartments with prices ranging from N37m to N79.5m.
• NedcomoakscoreStrategic or Co-development PartnerNedcomoaks partnered with Imperial Homes for Citadel Oasis (Ogombo Road, Ajah) and Citadel Views Estate 1.0 Phases 1 and 2 (behind LBS, Ajah). These eco-friendly developments feature solar-powered units with 2-4 bedroom terraces and apartments priced from N50m to N166.5m.
• Home CominorStrategic or Co-development PartnerHome Co partnered with Imperial Homes for Mapple Ville terrace development in Ogombo, Lagos. The 3-bedroom terrace property with BQ has 43 available units at N130,000,000 each, featuring amenities including swimming pool and play area.
• Capital Gardens / Idera Lekki SchemecoreStrategic or Co-development PartnerImperial Homes facilitates mortgage financing for properties within the Capital Gardens estate at Idera Lekki Scheme, including Capital Terraces (N95m, 3-bed terraces), Capital Loft (N109.4m, 3-bed semi-detached), and Lekki Avana Phases I and II. This master-planned community offers eco-luxury developments with solar power and smart home capabilities.

Scale indicators2 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Infinity Trust Mortgage Bank: CBN-licensed Nigerian mortgage bank focused on residential mortgage origination and home savings products. Comparable business model and customer segments.
• Suntrust Mortgage Bank: Nigerian mortgage bank providing residential mortgages, NHF-backed loans, and real estate financing. Comparable mono-line mortgage focus and CBN regulatory framework.
• Abbey Mortgage Bank: A CBN-licensed Nigerian mortgage bank offering similar residential mortgage, NHF-backed, and construction-loan products to Nigerian homeowners. Comparable in scale, regulatory standing, and target customer segments.
• Resort Savings & Loans: Nigerian mortgage and savings institution offering residential mortgages and savings plans targeting similar demographics. Comparable CBN-licensed mono-line mortgage banking model.
• HomeBase Mortgage Bank: Nigerian mortgage bank offering residential mortgages, savings products, and digital mortgage origination. Comparable digital-first positioning and similar target customer base in Nigeria.
• Trustbond Mortgage Bank: CBN-licensed mortgage bank offering residential mortgages and savings products to Nigerian consumers. Directly comparable as a specialized housing-finance institution of similar scale.

Broad incumbents

• Access Bank: One of Nigeria's largest universal banks, offering mortgage lending alongside a full banking suite. Represents competitive pressure from a deep-capital incumbent with cross-subsidization capability.
• Federal Mortgage Bank of Nigeria (FMBN): Government-owned primary mortgage institution administering the NHF and providing wholesale funding to CBN-licensed mortgage banks. Comparable as the dominant housing-finance entity but operates at vastly larger scale as a public-sector incumbent.
• Guaranty Trust Bank (GTBank): Major Nigerian universal bank and Imperial Homes' former parent (2007–2010). Offers mortgage products as part of a wider retail and corporate banking franchise — overlapping customer base but with vastly larger balance sheet and capital.

Regional players

• Lagos Building Investment Company (LBIC): Lagos-state-owned mortgage and housing finance provider. Comparable in residential mortgage products but restricted geographically to Lagos, with state-government backing rather than private-sector positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/imperialhomesmb
• Facebookfacebook.com/ImperialHomesMortgageBank
• LinkedInlinkedin.com/company/imperial-homes-mortgage-bank-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Imperial Homes Mortgage Bank