These are the general guidelines of the requirements to qualify for a mortgage loan. However, remember that each case is evaluated individually by the bank or lending institution.

  • You should have funds to cover the down payment and the closing costs. These funds usually proceed from your account. You should be able to demonstrate their source with bank statements.
  • If you are self-employed, or a business owner, you must your tax returns (Self Assessment tax return¬SA100) and / or a financial statements from the last 24 months and financial statements.
  • You must have a source of income or collect the amount that will allow you to pay the loan you applied for. The income you report can be your own or combined between you and your spouse or a cosigner.


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