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BUSINESS NEWS - The first phase of the Mountain View development's First Home Finance section is already sold out.
If you would like to own your first home, with the added possibility of qualifying for a first home finance subsidy, the time is now. Individuals must have a gross income of between R10 000 and R22 000 to qualify for these units, located in Mossel Bay.
With an affordable starting price, this 278-unit development offers diverse living choices within an affordable and accessible community. These contemporary double-storey block residences showcase modern design elements. Each unit offers a generous living space, an open-plan kitchen, a bathroom, and two bedrooms - all carefully crafted within a space-efficient 45m² footprint.
These units form part of a larger development including Breaking New Ground (BNG) units.
The BNG unit are free housing units, that provide housing to about 2 900 individuals. The First Home Finance units are separated from the free units by a section of land and also differ when it comes to design and features.
Key details:
Pre-Qualification Assessment: Interested buyers are encouraged to complete a quick online pre-qualification assessment. Once pre-qualified, they will have the opportunity to schedule a viewing with the sales team.
To do your own free prequalification online, sign up on the Mountain View website. Click here to sign up.
Minimum Income Requirement: To be eligible for the Mountain View Development, buyers must have a minimum monthly gross income of R10 000.
First Home Finance Subsidy: To qualify for this subsidy, the buyer must never have owned a property before, earn R10 000 to R22 000 (gross) per month, be a South African citizen and have a financial dependent, or be married or have a partner and have approval of property finance or have their own savings.
Affordable Starting Price: Starting at just R429 000, these units provide exceptional value. All costs of transfer and bond registration fees are included in the purchase price.
Home Finance Subsidies: Prospective buyers can take advantage of home finance subsidies to increase their chances of securing a home loan. This financial support is designed to make homeownership more accessible. For example, a home buyer who earns an income of R15 000 per month can qualify for a subsidy of R86 000.
If this subsidy is subtracted from the purchase price, then the balance of the purchase price to be financed is R343 000.
To qualify for a home loan of R343 000 a buyer needs to earn an income of R12 400 per month. The First Home Finance subsidy available on an income of R10 000 is R105 520, thus enabling the buyer to pay less for the property.
For any further information or to watch the video of the showhouse, visit www.mountainviewmosselbay.co.za/.
More information can also be found here: www.attorneyrealtorhub.co.za/property-for-sale-in-de-almeida-s10466 or contact Meyer de Waal, head: sales and marketing, MDW INC Property Sales (meyer@mdwinc.co.za or 083 653 6975 or 021 461 0065) or Vusi Gxelesha (vuyisile@mdwinc.co.za, 083 505 3234).
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