Government Subsidies (FLISP)

A focused learning module to guide you step-by-step on your home journey.

The Finance Linked Individual Subsidy Programme (FLISP), now known as First Home Finance, is a government subsidy for first-time home buyers.

Who Qualifies?

  • You must be a South African citizen or permanent resident.
  • You must be 18 years or older.
  • You must be a first-time home buyer.
  • You must earn between R3,501 and R22,000 per month (gross household income).
  • You must have a financial dependent (spouse or child).
  • You must have an approved home loan.

How Much Can You Get?

The subsidy amount depends on your income. The lower your income, the higher the subsidy. Amounts range from approximately R30,000 to R130,000.

What Can You Use It For?

  • Deposit: Use it as a deposit to lower your loan amount and monthly repayments.
  • Transfer Costs: Pay for transfer and bond registration attorneys.
  • Loan Repayment: Pay it directly into your bond to reduce the capital amount.

How to Apply

You can apply for FLISP after your home loan is approved. PropReady can assist you with the application process to ensure you get the subsidy you deserve.

Toolkit

Interactive resources at your fingertips

Essential resources, templates, and checklists to help you on your home buying journey. Click View to explore each resource in detail.

FLISP Eligibility Checklist

Checklist

Check if you qualify for the First Home Finance subsidy

FLISP Application Checklist

Checklist

Documents and steps needed to apply for FLISP subsidy

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