🏡 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)

1. Find a home you’d like to buy

2. Get bond pre-approval or full approval from a bank

3. Gather your documents:

   • ID

   • Proof of income

   • 3-month bank statements

4. 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