The study examines the factors influence the level of access of the private developers to fund in the secondary P market for housing developers in the country. The primary objectives of the study include assessing the criteria of accessing loan, identifying the prominent influencing factors and their level of significance. The study sampled the opinions of Real Development Association of Nigeria (REDAN) via questionnaire survey. A total of 308 questionnaires were administered, out of which a total of 233 representing 75.65% were returned, properly filled and analysed. The study deployed the descriptive statistic such as simple frequency distribution, mean weighted score (MWS); and inferential statistics such as ordinary least square (OLS) regression model to analyse its data. The result of the MWS on the importance criteria of accessing loan and level of compliance showed that all the criteria are important but their level of compliance differs. While developers indicated total compliance with criteria including loan repayment and payment interest, tax clearance, terms and condition of the loan, approved building plan, they are fairly complied in other criteria such as registration with CAC, life insurance, guarantee of funds from government sponsored enterprises. The factor analysis identified 10 principal influencing factors and the result of the regression model showed that mortgage characterisation, monetary and fiscal, institutional, demand, e-technological and housing stock factors have statistical significant explanatory power to determine the level of accessing fund in the Secondary Mortgage Market (SMM). This result signal a caution to the corporate bodies and policy makers on the need to critical considered those factors that could significantly influence the investment decision/policy for sustainable housing sector.

Key Word: Secondary Mortgage Market, housing, Factors, Criteria, Fund

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