What are the housing subsidy amounts?

A home loan subsidy is available in South Africa through the First Home Finance (formerly FLISP) program. But what are the subsidy amounts?

The subsidy ranges from R38 878 to R169 264, depending on your income.

The lower your income within that bracket, the higher your subsidy.

See the chart below for more detail:

Remember that you must meet the following criteria to qualify for First Home Finance:

• Your gross household income is between R3 501 and R22 000 per month, ie. Basic household income, plus housing allowance where applicable.
• You are a South African citizen or have a permanent residency permit.
• You are over 18 years old and competent to contract.
• You are married or cohabiting OR single with financial dependents.
• You haven’t received a government housing subsidy before.
• You haven’t owned fixed residential property before.