There is nothing better than owning a home, a place for children to grow and have good memories, an investment, an also the perfect way to free oneself from renting. It can be a daunting experience for first time buyers who have no clue or no idea what to expect. This is the reason FNB is there for its clients and will assist them every step of the way. FNB assists first and second time buyers who wish to buy a home or build one from scratch which is ideal for them.
Traditional home loans are available to individuals, joint applicants and property-owning juristic persons. First time buyers have never owned property and are approaching FNB for assistance. Clients can also switch their home loan from another financial institution to FNB. Clients must meet the criteria for the specific loan they are applying for. Once clients have accepted the quotation, the bond should be registered with the SA Deeds Registrar office.
To qualify for an FNB home loan clients must be 18 years or older, have a clear credit record and meet the affordability criteria. A minimum income of R25 000 or a joint income of R50 000 should be earned and the purchase price must be a minimum of R600 000. The client must also have legal capacity to contract.
When applying for an FNB home loan, clients will need to provide a copy of an Offer to Purchase, proof of income, proof of residence, copy of South African ID document, completed application form, copy of marriage certificate if the client is married in community of property and the latest financial statements if the client is self-employed.
For home loan enquiries, clients can call 087 730 11 44 and applications can be faxed to 0861 33 44 02. Clients can also fill in the online call-me-back form, go to their nearest FNB branch or visit www.fnb.co.za.