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How to buy property with First Home Finance

You can apply for First Home Finance before applying for a home loan. Options you have as a source of finance include:

  • The beneficiary’s pension/provident fund loan.
  • A co-operative or community-based savings scheme, i.e. stokvel.
  • The Government Employees Housing Scheme.
  • Any other Employer-Assisted Housing Scheme.
  • An unsecured loan.
  • An Instalment Sale Agreement or Rent-to-own Agreement.

You can apply online with ooba Home Loans. We submit the paperwork and monitor the application process, updating you as needed.

If your application is approved, you will receive a subsidy ranging from R30 001 to R130 000. You can use this subsidy as a deposit or pay it directly into your home loan.

In order to qualify for First Home Finance, you must meet the following criteria:

  • 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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Average rating of 4.86 from over 4 550 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

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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

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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

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