Buying your first home is a beautiful milestone. It brings the promise of stability and independence, but with words like bond approval and credit score, it can feel overwhelming. This guide breaks it down step by step — in plain, simple terms:
- Step 1: Check Your Credit Score
Banks prefer a credit score of 600 or higher. A healthy credit score gives you a better chance at bond approval. If your score is low, don’t worry — paying off debts on time, lowering your credit card balance, and avoiding new debt can all help improve it. - Step 2: Gather Your Documents
Make sure you have your South African ID or passport, recent proof of income, a signed Offer to Purchase, and proof of your residential address. These documents help banks understand your financial stability and what you can afford. - Step 3: Use a Bond Originator
A bond originator applies to multiple banks on your behalf, compares offers, and negotiates to get you the best possible deal. At SAProperty.com, our bond originator offers personalised, hands-on assistance to guide you through every step. - Step 4: Wait for Bank Feedback
Once your application is submitted, banks usually respond within three to seven working days. The offer you receive depends on your income, expenses, credit profile, and the value of the property. - Step 5: Accept the Best Offer
Once you receive your offers, your bond originator will help you review them and choose the one that best suits your financial goals. When you accept the offer, the final steps begin. - Final Step: Transfer & Registration
Attorneys will take care of the legal side. Once everything is signed and registered, the home is officially yours.
5 Easy Steps with SAProperty.com
Here’s how our bond originator supports you behind the scenes:
- Prepare Your Application – We help get your documents in order.
- Apply to Multiple Banks – One application, many options.
- We Negotiate for You – We fight for the best rate and deal.
- Help You Choose – We explain your options, simply.
- You Accept – and Celebrate – Soon, you'll be a homeowner!
Do You Qualify?
To qualify for a bond, you’ll generally need to:
- Be over 21
- Have permanent employment for at least 6 months
- Have no judgments or defaults on your credit record
- Meet the minimum income requirement of the bank
Need Help?
SAProperty.com’s bond originator can guide you, compare offers, and manage the paperwork. Getting bond approval might seem like climbing a mountain — but step by step, it’s a clear path. With the right guidance, steady documents, and a little patience, the keys to your first home could soon be jingling in your hand. For more information contact our bond originator at avia@saproperty.com
