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Apply for the loan subsidy for first-time home buyers

First Home Finance is a housing subsidy aimed at low-income earners, which you can apply online for in a matter of minutes with ooba Home Loans.

Loan Subsidy First Time Home Buyers

Article summary

  • You can apply online for First Home Finance in a matter of minutes with ooba Home Loans.
  • You can also apply for a home loan with ooba Home Loans, which is more likely to approved when backed up by the subsidy from First Home Finance.
  • Before applying, ensure you meet the qualification criteria, which include having an income ranging from R3 501 to R22 000 per month.

Apply for First Home Finance, a subsidy aimed at low-income home buyers, in a matter of minutes. You can make homeownershup achievable even if you are a low-income earner.

Home loan subsidy for first time home buyers

The subsidy is aimed at homebuyers with an income ranging from R3 501 to R22 000 per month.

Other qualification 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.

How to apply

You can apply online with ooba Home Loans and have your application completed in a matter of minutes.

We submit the application on your behalf and monitor its progress, keeping you updated as needed.

We can help you apply for a home loan at the same time. The First Home Finance subsidy increases your chances of home loan approval as the bank knows you will have resources available. Furthermore, we can submit your application to multiple banks, improving your chances even further.

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.

For more detail, see the chart below.

Housing Subsidy South Africa

The subsidy can be used as a deposit or paid directly into your home loan, lowering your interest rates and monthly repayments in the process.

So if you’re a low-income earner, don’t give up on homeownership. First Home Finance makes it possible to acquire this valuable asset.

Apply for a housing subsidy

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


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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.

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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.

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