🏠 First Home Buyer

First Home Buyer Calculator

Find out when you can buy your first home. Get a personalised savings plan, see government grants you qualify for, and know exactly what you need to save.

🌍 Your Details
🏡 Home You Want to Buy
In local currency
Most African banks: 10–20%
💰 Your Finances
Take-home pay after tax
How much you can save per month
Amount already saved
SA fixed deposit / money market ~9%
You Can Buy Your First Home In
—
—
Savings Progress 0%
📈 Savings Timeline
🏛️ Government Schemes You May Qualify For
🤖 AfroTools AI Insight

📋 First Home Buyer Steps

1
Set a target home price and calculate the down payment + transfer costs needed (typically 15–25% of home price total)
2
Open a dedicated savings account (fixed deposit or money market) and automate monthly deposits
3
Check your credit score and resolve any issues 12–18 months before you plan to apply
4
Research government housing schemes in your country (NHF Nigeria, FLISP South Africa, etc.)
5
Get pre-approved by 2–3 banks 3–6 months before house hunting
6
Include transfer costs in your budget — these are often forgotten by first-time buyers

🏛️ First-Buyer Schemes

🇿🇦 FLISP (SA): Government subsidy of R27,960–R121,626 for households earning R3,501–R22,000/month.

🇳🇬 NHF (Nigeria): Federal Mortgage Bank loans at 6% for NHF contributors. Up to ₦50M.

🇰🇪 Social Housing (Kenya): Government affordable housing scheme targeting 500K units. Priority for NHIF members.

🇬🇭 SSNIT (Ghana): SSNIT members can use contributions as collateral for home loans.