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Government grants for first-time homebuyers

If you’re a low-income earner, the government may subsidise your home purchase if you meet the criteria. This subsidy is known as First Home Finance.

This subsidy ranges from R30 001 to R130 000 and improves your chances of home loan approval while enabling you to reduce the interest rates and monthly repayments of your home loan.

The criteria for qualification are:

  • Your income must range from R3 501 to R22 000 per month.
  • You must be a South African citizen with permanent residency in South Africa.
  • You must not have received a government housing subsidy before.
  • You must be married or cohabiting OR single with financial dependents.
  • You must be over 18 years old.
  • You must not have owned a fixed residential property before.

Apply for a housing subsidy

First Home Finance offers homebuyers a subsidy on their first home.

DO I QUALIFY?

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Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

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Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

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Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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