What is the First Home Finance Subsidy?

If you earn a gross monthly household income between R 3,501 and R 22,000 you may be able to enter the property market thanks to the Government's First Home Finance program (previously known as FLISP).

It's a subsidy provided by the Department of Human Settlements to financially assist first time buyers enter the property market and realise their dreams of owning their very own home.

Happy customers. You could be one too.

Thank you so much for the assistance, you've all made my journey such a beautiful experience.

Jerome, Johannesburg XXXXX

This is just an appreciation mail. I bothered you the most and you kept your word. Just wanted to say I'm thankful for all the help I received from you. Love and light unto you ma'am. May you remain blessed and favoured. My heart is filled with gratitude for all you did for me. I'm humbly grateful for your hard work and your dedication and perseverance. Much appreciated.

Puleng, Johannesburg

Thank you so, so, so much. I appreciate everything you've done for me. This means a lot to me.

Brenda, Johannesburg

I would like to thank Annarie for assisting me and my family's home buying process. Thank you so much for helping our dream come true. From a highly satisfied client.

Anonymous, Johannesburg


Find all you need to know with our Q&A.

What is First Home Finance Subsidy?
How do I qualify for it?
How is the subsidy amount calculated?
Do I need bond approval from a bank to qualify for the subsidy?
Can I still benefit from the subsidy if my home has already registered?
Is there a limit on the bond that I can get if I apply for the subsidy as well?
What can I use the subsidy for?
Will the money from the subsidy be paid out to me directly?
If I am married in community of property, is my spouse's income and ownership history also taken into account?
What if I am divorced? Can I still qualify?
Can I apply if I am using cash to finance my home?
Will my credit record play a role in my application?
How often could I receive the subsidy?
What type of properties can I consider buying if I am applying?
Who decides whether my subsidy is approved or not?
What happens if I don't qualify?
What is the cost for BetterBond to facilitate my subsidy application?

What's next?

To assist with your subsidy application, we'll first need to get your bond approved.

Get started with your bond application.

Not ready for a bond application just yet? No problem. Get pre-approved and shop with confidence.

> 500

successful subsidy
payouts facilitated
by BetterBond


Of clients that
pre-approve with
us get a bond.

Another service from BetterBond that's
completely free to our bond applicants.