Estimate your first home finance subsidy for first-time homebuyers in South Africa.
Calculate Your First Home Finance Subsidy
Are you a first-time homebuyer earning between R3,501 and R22,000 per month? You may qualify for a government housing subsidy of up to R169,265.
Our FLISP Calculator (First Home Finance) helps you estimate your subsidy amount in seconds, making homeownership more affordable by reducing your bond principal or covering your transfer costs.
What is FLISP (First Home Finance)?
FLISP is a government initiative designed to assist the “gap market”—South Africans who earn too much to qualify for free RDP housing but too little to easily afford a standard home loan.
As of 2026, the programme has expanded. You no longer strictly need a bank-approved mortgage to apply; you can now use the subsidy with pension-backed loans, rent-to-buy schemes, or unsecured loans.
How Much Can You Get? (Subsidy Table)
The subsidy amount is inversely linked to your income: the less you earn, the higher your subsidy.
| Monthly Gross Income | Estimated Subsidy Amount |
|---|---|
| R3,501 – R3,700 | ~R169,265 (Maximum) |
| R7,101 – R7,300 | ~R102,893 |
| R12,101 – R12,300 | ~R78,000 |
| R18,001 – R18,200 | ~R44,203 |
| R21,801 – R22,000 | ~R38,911 (Minimum) |
Note: These figures are estimates based on the 2026 NHFC quantum tables. Use our calculator above for a precise estimate based on your exact rand-for-rand income.
Do You Qualify?
To use the FLISP/First Home Finance tool, you must meet these criteria:
- Income: Gross household income between R3,501 and R22,000 per month.
- Citizenship: South African citizen or permanent resident with a valid ID.
- First-Timer: You must never have owned a property or received a government housing subsidy before.
- Status: You must be married, cohabiting, or single with at least one financial dependent (e.g., a child or parent).
Ways to Use Your FLISP Subsidy
- Reduce Your Loan Principal: Pay the subsidy directly into your bond. This lowers your monthly repayments and saves you thousands in interest over 20 years.
- Cover a Deposit: Use the funds as a down payment to improve your chances of bank approval.
- Pay Transfer & Legal Fees: Use the subsidy to cover the “hidden costs” of buying a home, such as conveyancing fees and transfer duties.
How to Apply
The National Housing Finance Corporation (NHFC) now manages applications via an online portal.
- Step 1: Get a “pre-approval” or an Offer to Purchase (OTP).
- Step 2: Gather documents (ID, 3 months’ payslips, marriage/birth certificates).
- Step 3: Submit via the official First Home Finance portal.