Is it possible to buy a house when I am blacklisted? This may be a resounding question that you ask yourself on a daily basis. If you have bad credit or have been blacklisted you may be finding it extremely difficult to land a housing loan or a mortgage bond. The major banks in South Africa may not be willing to give you a housing loan should you be blacklisted because you are considered a high risk. When the banks turn you down it certainly is not the end of the road because you can turn to financial institutions that are created for your benefit as an individual that is blacklisted.