Home Buyers Guide
Buying a home isn’t something you do every day, and it’s important to keep track of key details when purchasing your first property. Download our free Home Buyers Guide. This will walk you through every step of the process.
Home Buyers Guide
Buying a home isn’t something you do every day, and it’s important to keep track of key details when purchasing your first property. Download our free Home Buyers Guide. This will walk you through every step of the process.
ordinary home loans
Make Your Dream Home Possible
Discover ordinary home loans that could make your dream home a reality. At ooba Bloemfontein, we understand that buying a home is a significant milestone and we’re here to simplify the process. This loan type is designed to offer you flexibility and financial stability, ensuring you have the support you need to make informed decisions. With competitive interest rates and a range of term options, a ordinary home loan provides a solution tailored to your unique needs and goals.
Flexible Loan amounts
Finance up to 100% of your property’s value, or pay a deposit if you prefer.
Flexible Loan Terms
Choose a home loan term that fits your budget, with options up to 30 years.
flexible rate options
Choose between fixed or variable rates. Interest rates adjusted to your risk profile.
Further Lending Option
Get extra funds from your property’s value with option of Further Loans in future.
See How Much You Qualify for Today!
Discover your potential loan amount quickly and easily, and take the first step towards your dream home. Imagine the possibilities of owning your own place! No cost or obligation to find out how much you qualify for. Best of all, this quick assessment & won’t impact your credit score. Get started now and make your homeownership dreams a reality!
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Required Documentation for Your Home Loan Application
Please have the documentation listed below ready when you apply for your home loan. Ensuring that you have all these documents prepared will help avoid delays and enable us to provide you with the fastest response possible. These are the basic required documents, however, banks may request additional documents from time to time.
- A copy of your ID document
- Latest 3 months payslips (for variable income latest 6 months)
- Latest 3 months bank statements
- A copy of the marriage certificate (if married)
- Copies of Rental Agreements (if any rental income is received)
- Latest 3 months bank statements where rental income is paid into (if any)
- A copy of the Offer To Purchase (OTP)
- A completed and signed application form
- A copy of your ID document
- Letter from auditor to confirm personal income
- Latest 6 months personal bank statements
- Latest 2 years comparative financial statements (signed)
- If financials are older than six months, up-to-date signed management accounts
- Personal statement of assets and liabilities
- Your two year IT34 from SARS
- Latest 6 months business bank statements
- A copy of the Offer To Purchase (OTP)
- A completed and signed application form
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Download Our Mobile App
The ooba app is a handy tool for home buyers and real estate agents. It’s free, quick and easy to use. It’s a powerful guide that will give you all the help and information you need to get through the home buying process.
FAQ’s
Frequently asked Questions
It will take between seven days and two weeks from the day the home loan application is submitted. The size of your deposit, your credit score and the value of the property will all play a role in how long it takes for your home loan to be approved.
The first thing the banks will do is review your credit score. Then they will look at your income and expenses to gauge your ability to repay the monthly home loan instalments. They will also take the size of your deposit (if you have one) into account.
Bond registration is a once-off fee that you pay before the bond is registered. The bank hires a conveyancing attorney to register your bond after the home loan is granted, and the bond registration fees are paid to this attorney. The registration process usually takes six to eight weeks.
Yes, the higher your deposit, the less risk you are for the bank. A higher deposit improves your chances of securing a more favourable interest rate on a home loan.
A home loan comparison service, or a bond originator, submits one application to all the major banks, including your own. They get multiple quotes to compare, to ensure you get the best deal on your home loan.
Speak with a Home Loan Specialist Today
Transform your Home Buying Experience with Insights from a Dedicated Home Loan Specialist!