First-Time Home Buyer Finance in South Africa
Buying your first home is easier when you know what you qualify for before you start shopping. Gateway gives first-time buyers a free home loan pre-approval, a clear view of deposit and transfer costs, and a mortgage specialist who explains every step.
Know What You Can Afford Before You Make an Offer
Affordability is based on your gross income, existing debt commitments and credit profile. Gateway's affordability and pre-approval tools show a realistic purchase price range so you can shop with confidence and negotiate from a stronger position.
- Free pre-approval with no impact on your credit score
- Understand your realistic purchase price range up front
- Up to 100% finance available for qualifying first-time buyers
- Sellers and agents take pre-approved buyers more seriously
Deposit, Transfer Duty and Upfront Costs
Beyond the purchase price, first-time buyers should budget for transfer duty, conveyancing attorney fees, bond registration costs, initiation fees and moving costs. Gateway's transfer cost calculator estimates these before you commit.
- Transfer duty is payable above the SARS threshold
- Bond registration and transfer attorney fees are separate
- A deposit of 10% typically improves your interest rate
- Budget for rates, levies and home insurance from month one
Your First Home Loan, Step by Step
Get pre-approved, find your property, submit one online application and let Gateway compare your options across participating banks while your specialist keeps the process moving to registration.
Get Your Free Home Loan Pre-Approval
One online application, compared across leading South African banks, with an experienced mortgage specialist guiding you from pre-approval to registration.
Start my free pre-approvalFirst-Time Home Buyer Finance FAQs
How much home loan can I qualify for as a first-time buyer?
Most banks allow total debt repayments of roughly 30-40% of gross income. Gateway's affordability calculator and free pre-approval give you a personalised estimate in minutes.
How much deposit do I need to buy a house?
Qualifying buyers can access up to 100% finance, but a deposit of 10% or more usually secures a better interest rate and reduces your monthly repayment.
Does home loan pre-approval affect my credit score?
Gateway's pre-approval uses a soft, bureau-backed check that does not harm your credit score.