Absa – MyHome Income Adjustment for 2015

Dear Customer

Please see attached and below communication received from Absa regarding the changes to income parameters for affordable housing. Please also find attached updated Loan to Value Matrix.

Dear Stakeholder,

New MyHome Income Adjustment for 2015…

We are pleased to announce the revision and adjustment of our income level for the Affordable Housing segment.  The adjustment is in line with the new Financial Sector Code definitions for the Affordable Housing segment for the 2015 financial year, being R3501 to R20 000.

Attached for your attention, please find:

Communication detailing the income adjustment

Please note that the new income level is effective immediately. For further information, please contact your Absa Relationship Consultant who will assist you further.

Please share the communication with your regional teams.

Kind regards


Callie Ueckermann Manager: Affordable Housing, PPHL and Enablement Business Development


Kind Regards The BondExcel Team

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