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What are the FLISP subsidy requirements?

First Home Finance (formerly known as FLISP) is a housing subsidy aimed at first-time buyers with a low income. The subsidy ranges from R30 001 to R130 000 and can be used as a deposit or paid into the home loan.

Either way, it reduces your monthly repayments and makes homeownership a reality for low-income earners.

Here are the requirements:

  • 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.

How to apply

If you meet the criteria, you can apply online with ooba Home Loans.

We provide a form you can fill in (it will take just a few minutes to complete).

We then submit the paperwork on your behalf and monitor the status of your application so that we can update you as needed.

Apply for a housing subsidy

First Home Finance offers homebuyers a subsidy on their first home

DO I QUALIFY?

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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