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You could get a housing subsidy right here!
Some South African citizens and permanent residents may qualify for a government subsidy to secure a Home Loan.
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How First Home Finance works

Financing of up to 108%


Financial help  

Contributions towards buying your first residential property/land.

Great discounts


Flexibility     

Funds can be used as a deposit or for the shortfall between your approved Home Loan amount and property’s purchase price.

Free courses


Reduced monthly payments  

Funds can be used to reduce your initial Home Loan amount, making your monthly payments more affordable.

What you need to know

  • Here’s what you’ll need

    To qualify for this subsidy, you must:


     

    • Earn a single or joint gross monthly income of less than R22 000
    • Be a first-time homebuyer
    • Be over 18 years old
    • Have financial dependents
    • Not have received any other government housing subsidy before.
    • Have an Approval in Principle (AIP) from an accredited South African financial institution for a Home Loan.

     

     

  • How to apply

    • Browse through your options and when you’ve found your perfect home, get a pre-qualification certificate using our Home Loan pre-qualification tool.
    • View the home and if you’re serious about buying it, submit an offer to purchase (OTP).
    • If the seller accepts your OTP, apply for finance either online or by calling 0860 111 007 or visiting any Absa branch.
    • Then, apply for the subsidy through the National Housing Finance Corporation (NHFC) by visiting their website, calling 011 644 9800 or emailing firsthomefinanceenquiries@nhfc.co.za
    • If your application is successful, the subsidy amount will be paid either to your transferring attorney or into your Home Loan Account after registration.

     

     

     

     

Explore our range of home loan solutions

MyHome Loan

MyHome Loan
Loan amount
Up to 110%
Maximum term
20 years

Ideal for applicants who earn a combined income of less than R34 800 a month.*

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First-time Homebuyer

First-time Homebuyer
Loan amount
Up to 110%
Maximum term
20 years

Get 50% off your bond registration fees and finance of up to 110% on your Home Loan.*

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* Terms and conditions apply

Read more about buying a home

Find out everything you need to know about owning a home, right here.

Homeownership 101

Between bills and paperwork, your first three months of owning a home can be hard. Let us help you.                                                                        

See more

Put down a deposit

A deposit helps to ease some of the financial pressure that comes with a Home Loan.                   

See more

Understanding the costs of buying a home

Big decisions cost money. We’re here to guide you through it all.                                   

See more

Buying or renting?

No matter what you choose, we’ll help you finance the right home for you.

See more

Need more help?

Access our self-service tools.

 

Contact us

Call: 0860 111 007

International: +27 11 501 5048

Email: propertyhub@absa.co.za