First-Time Buyers Can Receive Once-Off Government Subsidy Up To R121 626

The government's Finance Linked Individual Subsidy Programme (FLISP) subsidy for first-time buyers can significantly lower the cost of owning a home. This is a once-off subsidy and amounts provided range from R27 960 to R121 626, depending on individual circumstances.

FLISP subsidies are available to all first-time property buyers who:

- earn between R3 501 and R22 000 a month;

- have already received approval for a home loan;

- are South African citizens; and

- have at least one dependant.

Visit https://www.cch.co.za/news/sa-first-time-homebuyer-subsidy-increased/ and https://www.flisp.co.za/ for more information.