🏡 First Home Finance: The Government Subsidy You Didn’t Know You Qualify For
What if we told you that owning your first home isn’t just a dream — but something the government is ready to help you achieve right now?
Thousands of South Africans qualify for this benefit but don’t even know it exists.
Let’s change that.
🌟 What Is First Home Finance?
First Home Finance (formerly FLISP) is a once-off subsidy provided by the Department of Human Settlements. It’s designed for South Africans in the GAP market — people who:
Earn too much to qualify for free RDP housing
But earn too little to qualify for a large home loan from the bank
If you earn between R3,501 and R22,000/month, this program is made for you.
👷 Who This Is For
This includes:
Nurses
Police officers
Admin staff
Teachers
Retail workers
And anyone with a job and a modest income
If you’re working but can’t afford a large bond — this subsidy helps bridge that gap.
💡 How It Works
Let’s say:
You earn R10,000/month
You qualify for a bond of R300,000
But the home you want costs R400,000
With First Home Finance, you can receive a once-off subsidy between R38,911 and R169,265 (depending on your income), to cover the shortfall — or even your deposit and transfer costs.
✅ That means smaller monthly repayments
✅ Better bond approval odds
✅ And sometimes, no deposit needed
✅ Do You Qualify?
To qualify for First Home Finance, you must:
Be a South African citizen or have permanent residency
Be over 18 years old and legally able to sign a contract
Be a first-time homebuyer
Have a combined household income between R3,501 and R22,000/month
Not have received a government housing subsidy before
📝 How to Apply (With Our Help)
Find a home you’d like to buy
Get bond pre-approval or full approval from a bank
Gather your documents:
ID
Proof of income
3-month bank statements
Apply through The Property Guys — we’ll help with:
Bond application
First Home Finance submission
Finding your ideal home
📞 WhatsApp us now: Click to Chat
📧 Email: info@thepropertyguys.org
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