First-time buyer?
We’ll get you the best offer on your bond and if you qualify for the First Home Finance programme, we’ll help you with your subsidy too.
Before we can apply for your First Home Finance subsidy, your bond must be approved.
What is the First Home Finance subsidy?
If you earn a gross monthly household income between R3,501 and R22,000 you may be able to enter the property market thanks to the government’s First Home Finance programme (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.
How it’s used?
Calculator
How it works?
How do I apply?
1 subsidy – 3 ways to use it
Cover the shortfall between your home loan amount and the purchase price.
Payment will be made into the transferring attorney’s trust account when they are ready to lodge the transfer documents for your home loan. This means you can apply for a smaller home loan, which makes your monthly repayments more affordable.
Cover the attorney fees related to your home loan.
Payment is made directly into the transferring attorneys’ trust account.
Reduce the balance of your home loan.
Payment is made directly into your home loan account upon registration of the bond, reducing the outstanding balance on your home loan so that you can repay it later.
How it works
Find the home you want to buy
Apply for a bond right here on our website
Once granted, we’ll work with you to prepare your subsidy application.
We’ll capture it into the NHFC system for you
We will follow it up regularly and advise you of the outcome
Once your bond registers, we’ll follow up with the NHDC so that your subsidy is paid out quickly
We’ll communicate with you to confirm you’ve received the funds
What’s next?
To assist with your subsidy application, we’ll first need to get your bond approved.
Get Started with your bond application.
Your dedicated home loan consultant will call you to finalise your application and source the best possible deal for you. Once your finance is approved, we will work with you to prepare your First Home Finance subsidy application. We will manage the process from application submission through to payout of the subsidy for you.
What people say about BetterBond
4.79 from 2,108 reviews
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Megan W
BetterBond got me a great deal on my first home loan and they've done it again!
Anke W
BetterBond is absolutely amazing. Made pre-approval fast and easy. Look forward to working with them on finding our dream home.
H Botha
Patient. Friendly. Professional. Clear and concise communication and outcome management. This is what service should look like!
FAQs
Find all you need to know with our Q&A
How do I qualify for it?
What can I use the subsidy for?
What type of properties can I consider buying if I am applying?
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?
How often could I receive the subsidy?
Can I still benefit from the subsidy if my home has already registered?
Do I need bond approval from a bank to qualify for the subsidy?
>500
Successful subsidy payouts facilitated by BetterBond
95%
Of clients that pre-approve with us get a bond.
Another service from BetterBond that doesn’t cost bond applicants a cent.