Incorporated in March 2003, FBN Mortgages Limited commenced business in May 2004 as a wholly-owned mortgage banking and property investment subsidiary of First Bank of Nigeria Plc. Licensed by the Central Bank of Nigeria as a primary mortgage institution, the company offers commercial and residential mortgages and other real estate finance solutions, in addition to its focus on real estate development and investment.

As an NDIC-insured deposit taker, the company also offers banking services, covering current, savings and deposit accounts, especially for individuals and small businesses. In this regard, the company introduced three savings products: Children Savings Account (CSA), FlexiSavings Accounts (FSA), and Mortgage Plan Account (MPA), during the financial year. The company currently operates from five branches located in Lagos, Ibadan, Abuja, PortHarcourt and Kano.