FNB Housing Finance - Rules for Developments – Pre-Valuation Qualification.To simplify the process for both developers and bond originators, we’ve changed some of the rules that govern the Pre-Valuation of our housing developments for end-user finance:
- FNB Home Loans and FNB Housing Finance will consider providing end user finance (top-structure or building loans) for developments with unit prices <= R500 000
- We will bond a minimum number of 30 units. Developments with less than 30 units will be regarded as retail business and retail rules will apply.
- Income rule for developments where approval has been granted, will be as follows:
70% of customer deals may not exceed the income rule of R15 000 joint or individual.
30% of customer deals may exceed the income rule of R15 000 joint or individual.
Please note that FNB Housing Finance does NOT entertain investors or legal entities.
11 comments:
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Nice article, I like your way to promote yourself. A blog can be a great way of getting yourself and your real estate business out into the local eye.
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Awesome... It's about time
I've had experiences looking for apartments for rent in Simpsonville that I would probably remember for the rest of my life. Not that remembering them would mean that it's a good thing but mostly going to the side of traumatic. Luckily, I was able to be helped by the Rohman Development and Management group and have found an easy way of looking for apartments in Simpsonville, South Carolina.
Nice article, the interest rate should drop much more than it is i mean its people deciding how much, they should make it as little as possible i mean saving 8k over 20 is really trivial.. really
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