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How much does a first-time home buyer have to put down?

Buying a house will usually require you to put down a deposit of 10% — 20% of the purchase price upfront.

However, there is the option of acquiring a 100% home loan, which will remove the need to pay a deposit as the loan is funded entirely through monthly repayments.

You can determine what home loan you’re likely to qualify for, and what your monthly repayments will be, using our Bond Calculator. This will help you plan your budget, factoring in the cost of the deposit.

Ranked #1 in Financial Services on Hellopeter

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Average rating of 4.82 from over 3 000 reviews

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

Excellent Service

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

Bond Application

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.

Butana M