Skip to content

How to apply for the First Home Finance subsidy

First Home Finance is a government subsidy aimed at first-time homebuyers with a low income. Find out how to apply for this subsidy.

first home finance subsidy

Article summary

  • You can apply online with ooba Home Loans; we make the process quick and easy.
  • We submit the application form on your behalf and monitor your application status.
  • The First Home Finance subsidy ranges from R30 001 to R130 000, and to qualify you must have an income ranging from R3 501 to R22 000 per month.

You can apply for the First Home Finance (formerly known as FLISP) subsidy with ooba Home Loans. We make it quick and easy.

Fill in the application form online. We’ll submit it on your behalf and monitor your application status, updating you as needed.

Why apply for First Home Finance?

First Home Finance is a government subsidy for low-income earners who want to purchase a home.

So if you’re a low-income earner, homeownership is no longer out of reach.

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

See the chart below for more detail:

Housing Subsidy South Africa

You can use the subsidy as a deposit, or pay it directly into your home loan. Either approach will improve your chances of home loan approval, and reduce your interest rates.

First, ensure you qualify

You 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.

If you meet these criteria, it makes sense to take the opportunity offered by First Home Finance and make your first home purchase affordable by applying with ooba Home Loans.

Apply for a housing subsidy

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


Ranked #1 in Banking on Hellopeter

Star Rating

Average rating of 4.86 from over 4 550 reviews

Simply The Best

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.

Tia J

Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M