Discover the First Home Finance Application Portal and learn how to apply online. The First Home Finance was developed to enable first-time homeownership opportunities for South African citizens earning between R3,501 and R22,000 per month. Apply online through the First Home Finance Application Portal.
First Home Finance REDUCES the initial home loan amount, making monthly loan repayment. Instalments are affordable (payment made to home loan account).
Eligibility Criteria for First Home Finance
Applicants intending to acquire residential property may apply for First Home Finance if they meet the following qualifying criteria:-
- South African citizens with a valid ID; or permanent residents with a valid permit;
- Over 18 years and competent to legally contract;
- Have never benefited from a Government Housing Subsidy Scheme before;
- Have Approval in Principle of home loan from an accredited South African financial institution; and
- First-time home buyer, earning from R 3,501 to R 22,000 per month.
Documents Required for First Home Finance Application
- Smart Card or a bar-coded identity document of every adult member of the household.
- Birth certificates, bearing the thirteen-digit identity number, for every child member of the household that does not have a bar-coded identity document.
- Proof of South African citizenship.
- Marriage certificate for any union solemnized in terms of civil law.
- Divorce settlement agreement, to prove custody.
- Court order or order issued by the Commissioner of Child Welfare, to prove guardianship; and,
- Proof of sources of income.
- Permission-To-Occupy in the case of applicants in rural areas.
- Affidavit for any union solemnized in terms of customary law.
How to Apply for First Home Finance
First Home Finance has provided a web portal that allows applicants to apply for the housing subsidy application.
- Go to the NHFC Application Portal
- Enter your Login Details (input reCAPTCHA details as seen)
- Navigate to Register if you are yet to create an account.
“I am Intending to apply for myself”
Capture the required information to create a standalone user profile with only one application, this profile is for the public. The portal will send a communication with your username after a successful registration.
“I will be applying on Behalf of others”
This registration type involves pre-vetting. The profile is created for individuals who are part of organizations that assist people with home loan applications and first home finance applications.
- Input all required details to complete your profile
- Upload document for vetting
The “Forgot Password” button enables the user to reset their password – A link it sent to the registered email address. The link is valid for a single reset.
- Verify the pre-approval letter.
The Pre-approval process enables the applicant to know beforehand if their application will be approved. The applicant details are processed and checked against the relevant system to confirm if they are eligible for the first home finance subsidy.
- Initiate A pre-approval
The Main dashboard has a button that allows the applicant to create a new pre-approval and capture Main Applicant, and Co-applicant/dependants.
- View All Pre-approvals
The Dashboard shows all pre-approvals, including Submitted, incomplete, and approved.
All approved applications will have a button to start a new first home finance application.
