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When can I apply for a home loan after being declined?

This really depends on the reason your home loan application was rejected.

If it was rejected due to a poor credit record then you’ll want to try and improve your credit record before reapplying. According to, improvements usually start showing up on the credit record after around three months, but it’s recommended to wait about six months before reapplying.

If your application was rejected for reasons that have to do with the property itself, such as its affordability, you could reapply immediately if you’re willing to do so on an alternative property.

Furthermore, home loan providers vary in terms of how strict their lending criteria are. So you could try reapplying immediately with a different lender.

This is where the services of a home loan comparison service, such as ooba Home Loans, are invaluable. We can submit your application to multiple banks, thereby improving your chances of obtaining home loan approval.

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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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