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How to apply for a first-time homebuyer subsidy

You can apply online for First Home Subsidy in a matter of minutes, and obtain a subsidy that will make homeownership achievable for low earners.

First Home Buyer Subsidy

Article summary

  • You can apply for First Home Finance online in a matter of minutes.
  • First Home Finance provides a subsidy that can be used to purchase a home.
  • The subsidy is aimed at low-income earners, meaning homeownership is no longer out of reach.

First Home Finance is a government subsidy aimed at first-time home buyers, specifically first-time home buyers with a low income.

So if you thought homeownership was out of your reach, First Home Finance changes the game. Here’s how to apply for First Home Finance.

How to apply for a first home buyer subsidy

You can apply with your financial institution, but it will be quicker and easier to apply with ooba Home Loans.

We allow you to apply online. The process is streamlined and you can complete your application in a matter of minutes.

We will then submit the paperwork on your behalf and monitor the process.

We can keep you updated as needed.

We can then help you apply for a home loan as well. The First Home Finance subsidy no longer requires you to obtain home loan approval before applying, and can instead be used to secure home loan approval.

The bank is more likely to grant your home loan application if they know you have the money available, which the First Home Finance subsidy provides.

We then submit your home loan application to multiple banks to help you secure the best deal.

How do I qualify for First Home Finance?

You will need to 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.

How much is the subsidy?

The subsidy ranges from R30 001 to R130 000, depending on your income. The lower your income, the higher the subsidy.

See more detail in the chart below:

Housing Subsidy South Africa

Thanks to First Home Finance, low income is no longer a barrier to homeownership, so you have a way to obtain a valuable asset that wll serve you socially and financially.

Apply for a housing subsidy

First Home Finance offers homebuyers a subsidy on their first home.


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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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