Unlock Your Dream Home: Creative Ways to Finance Your Property Purchase!

It’s the age-old question: how do you finance a new home purchase? There’s no one-size-fits-all approach to financing. With the real estate market continuously shifting and different financing options available, the key is to properly assess your financial situation and find the best financing solution that works for you. There are a variety of ways to finance your dream home and make the process easier.


One of the most popular ways to finance a home purchase is through a conventional mortgage. Mortgage lenders will consider your income, and debt-to-income ratio when determining whether or not to approve your loan. Conventional mortgages tend to have lower interest rates than other forms of financing, which can be beneficial when buying a home.

If you’re a first-time homebuyer, you may be eligible for a government-sponsored mortgage program. These programs offer more affordable interest rates and additional benefits such as down payment assistance and closing cost assistance. Each program has its own set of qualifications, so be sure to research what you may qualify for.


For those who don’t want to go the traditional mortgage route, there are other ways to finance a home purchase, such as “The Rent to Own Scheme”. This scheme is offered by Legrande Properties Development Company Limited, a real estate company. With this scheme you can pay just a 20% deposit payment with up to 30 years payment spread while living in the property. This scheme provides a convenient payment plan for homeownership for Nigerian workers and is in partnership with the Federal Mortgage bank of Nigeria.

The scheme applies to their latest estate in Ibeju Lekki, Alexandra Courts Coastal city, Ibeju Lekki. The estate consists of 3 and 2-bedroom flats and is equipped with a medical center 24 hours security and electricity, internet connection, gym and lots more.


Rent to Own Housing By “Legrande Properties Development Company Limited”


Last but not least, you might want to think about crowdsourcing if you’re looking for an alternative financing option that doesn’t involve a bank. This is a method of financing a purchase where several people make financial contributions to help you meet your goal. You can use crowdfunding websites like Gofundme to help finance your home purchase. These websites have grown to be well-liked methods of funding a wide range of projects.


Don’t be afraid to think outside the box when it comes to financing the purchase of your new house. Buyers have access to a variety of financing choices, so it’s crucial to consider them all and choose the one that works best for you. Don’t restrict your funding options to just one; you might be surprised at how clever you can be when it comes to paying for your new house.

Rent to own ( First Real Mortgage Plan In Lagos Nigeria)

When the term “buying a home” is mentioned you undoubtedly assume that it involves a lot of money, well it does, but there are alternative ways to break down the payment when purchasing a home. The first is through “mortgage”. Many people want to live in a place free of landlord problems or do not want to pay a huge sum at once, that is where the idea of obtaining a mortgage creeps up on you while you’re looking for that perfect, affordable home.

A mortgage is a loan for which real estate or other property is pledged as security. The borrower and the lender (often a bank) sign into an agreement whereby the borrower gets cash up front and makes payments over a certain time period until he repays the lender in full.

When discussing mortgages in Nigeria, it is almost impossible to not talk about the NHF (National Housing Fund). NHF is a scheme created by the Federal Government for Nigerian workers, to help them access flexible financing to get their own homes and is administered by the Federal Mortgage Bank of Nigeria (FMBN). 

Nigerians can apply for a low-interest housing loan through NHF and use the funds for the purchase, building, refurbishment, or expansion of residential structures.

Another intriguing way to own a home without paying a lump sum is through the “Rent to Own Property Ownership Scheme”. This scheme, although not too popular is definitely a hassle-free way of becoming a homeowner. Legrande Properties Development Company Limited, a real estate company in Lagos offers this scheme as a new development in their home ownership plan for their 2 and 3-bedroom units. This scheme provides a convenient payment plan for home ownership for Nigerian workers. Legrande Properties Development Company Limited is in partnership with the Federal Mortgage Bank of Nigeria (FMBN) for this scheme.

Legrande Courtland

It involves the FMBN paying 80% of the property’s total price on your behalf which can be paid back monthly or yearly for up to 30 years! While the subscriber will pay the remaining 20% in two instalments. 

The terms and conditions for accessing the scheme are as follows;

  • Any Nigerian above the age of 18 years can apply.
  • Applicants must be a contributor to the National Housing Fund for a minimum period of 6 months
  • Applicants must have satisfactory evidence of regular flow of income to guarantee loan repayment.
Royalty Courts

Finally, these alternative options play an essential role in providing secure homes for Nigerians, you can become a homeowner through the Rent to Own Property Ownership Scheme” facilitated by Legrande Properties Development Company Limited with little to no stress.

3 Smart Ways to Create Generational Wealth

Whether you realize it or not, you’ve probably thought about generational wealth. It means affluence for you, your children, your grandchildren, and so on. Although some think wealth is about perspective, we still know who is and who is not.  

Here are 3 smart ways to ensure your generation is set for life.

  1. Spend your money wisely: this means spending in a way you derive the utmost value from your money. No matter how much money you get, you need to know how to spend wisely for it to be enough and multiply. Spending wisely leaves you with a lot of money to save. A tip to spending wisely is analyzing your previous purchases to identify and remove unnecessary purchases and make and stick to a budget.


2. A 9-5 job can not do it all: relying solely on a 9-5 can sustain your family but can not guarantee generational wealth. Imagine losing a 9-5 job and not finding another for a while, most people will struggle to make ends meet as that is their only source of income. The wealthiest individuals we know today did not generate their wealth by relying on a 9-5 job. Having an extra stream of income where you do not have to go into an office or complete certain tasks to earn it proves a greater chance of creating generational wealth. 


3. Investing in Real estate: the value of lands and properties appreciates with time, especially in this era where development is rapid, hence, real estate investments will help to create and sustain wealth for generations. Although it may be hard to see yourself as a real estate investor or tricky in knowing the right company to trust when seeking to invest, here’s a tip, look out for companies that have several completed projects and positive customer testimonials.


Companies like Legrande Properties Development Company Limited which has been around for 20 years and with several satisfied customers and completed projects in Ikeja GRA, Maryland, Ogudu, Ilupeju, Lekki, Sangotedo and their ongoing project in Ibeju Lekki (Alexandra Courts Coastal City, Ibeju Lekki) would be a good fit for old and new real estate investors. This company prides itself in going the extra mile to deliver and satisfy its customers. 


In conclusion, building generational wealth is not an easy task, it requires going outside your comfort zone as sticking to what you know will only leave you stuck and will not give you the financial freedom that is desperately sought by most. The best way to create generational wealth for your family is to begin as soon as possible. Wealth accumulates over time, so the sooner you begin, the more time you will have to your advantage. Take a leap of faith and be the reason behind your generation’s wealth. 


Reintroducing Ibeju-Lekki – The New Lagos

Ibeju-Lekki, formerly at Akodo, was once a remote local government area in Lagos until it was selected by the Lagos State government as the location for the proposed Lekki Free Trade Zones, subsequently, it received a lot of attention and development ideas. It has attracted billions of dollars in local and international investment in Ibeju-Lekki, with the Dangote refinery being the most prominent. 

The area is rapidly and continuously developing. The commercial center of Lagos state appears to be gradually shifting towards the area, with significant efforts being made to develop industries and infrastructure.

There is also the Lekki International Airport project, which was initiated to relieve the strain on the Murtala Muhammed Airport in Ikeja. According to the master plan for the new airport, it is intended to accommodate wide-body, double-deck, and four-engine aircraft with a capacity of up to 500 seats.

This photo shows a prototype of the Lekki airport as shared by Lagos government spokesperson, Jubril Gawat.

Alongside these proposed industries and infrastructures, Ibeju-Lekki is now home to several real estate and construction agencies, there are numerous ongoing estate projects, so it’s no surprise that Ibeju-Lekki is referred to as the New Lagos. 

To give an idea of a housing project which is independently capable of setting off and adding to the grandeur of the New Lagos is The Alexandra Courts Coastal City, Ibeju-Lekki powered by Legrande Properties Development Company Limited. 

This estate is equipped with over 5,000 quality housing units of 2 and 3-bedroom flats and their infrastructure and 165 hectares of land available to the public at affordable prices. This estate is covered with a Certificate of Occupancy (C of O). Facilities in the estate include; a shopping mall, medical center, parks, sporting facilities, 24 hours security, 24 hours electricity, swimming pool/gym, and sewage treatment. This estate is a mini city on its own.

The Alexandra Courts Coastal City, Ibeju-Lekki Lagos is a Public Private Partnership (PPP) with the Lagos State Government and Federal Mortgage Bank (FMB). Loans are available to offtakers who are contributors to the National Housing Fund Scheme up to 15 million naira.

In Conclusion

With estates like this, Ibeju-Lekki will ultimately be the center of the luxury lifestyle that everyone hopes to have, it is a great option for anyone looking to take advantage of this exciting area. As the area continues to evolve, the value of houses and lands will appreciate. Ibeju-Lekki is in fact the New Lagos.