Who qualifies for the government housing subsidy?

The government housing subsidy known as First Home Finance (formerly FLISP) makes homeownership a reality for first-time home buyers with low incomes.

People with income ranging from R3 501 to R22 000 per month will qualify, provided they meet the other criteria:

• 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.

If you apply with ooba Home Loans, we determine if you meet the criteria and, if you do, we submit your application and monitor its status.

The application process:

• After you’ve filled in the form, an ooba Home Loans consultant will get in touch to determine that you fit the profile for a First Home Finance subsidy.
• The consultant completes and submits the prequalification form.
• The outcome is reported to the buyer.

So for first-time homebuyers with low income, homeownership becomes a reality thanks to this government subsidy.