Department of Human Settlements
First Home Finance (FLISP)
National
Once-off subsidy
First-time buyers
Apply through your bank or province
At a glance
- Income
- R3,501 to R22,000 a month
- For
- First-time home buyers
- Paid
- Once, to reduce your home loan
- Amount
- Sliding scale by income
First Home Finance, still widely known as FLISP, helps households who earn too much for a free government house but too little to easily get a home loan. The subsidy is paid once and lowers the amount you need to borrow.
Who qualifies
- South African citizen or permanent resident
- Household income between R3,501 and R22,000 a month
- Buying or building your first home
- Never received a government housing subsidy before
Who does not qualify
- People who already own a home
- Households earning above R22,000 a month
How to apply
- Get pre-approved for a home loan, or speak to your bank about First Home Finance.
- Apply through your provincial human settlements department or an accredited partner.
- Once approved, the subsidy is paid to reduce your loan.