The Home Market
The Home Market

Qualifying criteria for a home loan with a bank

All banks require proof of income through the presentation of Salary Slips and Bank Statements for a period of up to the last six months together with a letter from your employer and authorization to have an interview with your employer.

This forms an important part of the Lender's credit check and in order to establish your financial position and ability to make sustained monthly repayments on a Home Loan. Banks will seek authorization from the Lender to conduct a credit check to establish your degree of indebtedness and affordability levels.

You will need to able to present the following documents to the Bank:

  1. South African ID or Passport
  2. Copy of the Offer to Purchase
  3. Proof of Current Residential Address
  4. Most Recent Salary slip or Banking Statements for the last 3 to 6 months (depending on the Bank)
  5. A letter from your employer which will be followed by a telephone confirmation call to your employer
Housing Types

The Walmer Link Affordable Housing for Sale Project consists of a number of basic house types.

7 Easy Steps

Starting the process of buying a home at Walmer Link is easy. Read our step by step guide.

Do You Qualify?

Who qualifies?
Qualifying criteria for a FLISP subsidy.