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What is a first-time homebuyer loan?

It’s a subsidy provided by the government to first-time homebuyers.

The subsidy can help the homebuyer gain home loan approval, and can also be paid into the home loan, reducing interest rates and monthly repayments.

A first-time homebuyer loan that’s currently available is First Home Finance, which provides a subsidy to low-income earners (specifically those with an income ranging from R3 501 to R22 000 per month).

Apply for a housing subsidy

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


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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.

Butana M

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