The FLISP subsidy quantum table for 2024

First Home Finance (formerly known as FLISP) is a subsidy for first-time homebuyers with low income. If you qualify, you receive a subsidy ranging from R38 878 to R169 264, depending on your income (the lower your income, the higher your subsidy).

See the table below for more details:

Bear in mind that to qualify for First Home Finance, you must meet the following criteria.

• Your income must range from R3 501 to R22 000 per month.
• You must be a South African citizen with permanent residency in South Africa.
• You must not have received a government housing subsidy before.
• You must be married or cohabiting OR single with financial dependents.
• You must be over 18 years old.
• You must not have owned a fixed residential property before.