First Home Finance
Your Government Subsidy. Your New Home.
The Finance Linked Individual Subsidy Programme (FLISP) is a government grant that helps qualifying South Africans buy or build their first home. Richazina Homes handles the entire application — from eligibility check to approval.
Government subsidy
What is FLISP?
FLISP (Finance Linked Individual Subsidy Programme) is a once-off government housing subsidy administered by the Department of Human Settlements. It is designed to assist first-time homebuyers who earn between R3 501 and R22 000 per month.
The subsidy amount is linked to your income — the lower your income, the higher the subsidy you qualify for. It can be used to reduce your bond amount, lower your monthly repayments, or cover a deposit.
FLISP does not replace a home loan — it works alongside one. You must first obtain a home loan approval from a registered financial institution before applying for the subsidy.
Final finance approval is subject to the relevant financial institution's lending criteria.
Eligibility
Do You Qualify?
To qualify for FLISP, you must meet all of the following criteria:
- South African citizen or permanent resident
- First-time homebuyer — you have never owned property before
- Gross monthly household income between R3 501 and R22 000
- Married, cohabiting, or single with financial dependants
- Have an approved home loan from a registered bank or financial institution
- Have not previously received a government housing subsidy
Your route to ownership
Two Pathways to Your First Home
Richazina Homes supports you through two distinct routes — whether you want to buy a stand and build, or purchase a completed home.
Buy a Stand and Build Your Home
Purchase a residential stand in one of our developments or an area of your choice, then use your FLISP subsidy and building loan to construct your home to your specification.
- 1Pre-qualification and income assessment
- 2Stand selection and purchase agreement
- 3Architectural plans and building plan approval
- 4Building loan application and FLISP submission
- 5Construction commencement and progress inspections
- 6Occupation certificate and key handover
Step by step
How We Guide You Through the Process
Free Consultation
We assess your income, employment status, and credit profile to determine your FLISP eligibility and subsidy amount — at no cost to you.
Home Loan Pre-Approval
We submit your application to our panel of lenders — including FNB, Capitec, MultiNet, and others — to secure your home loan pre-approval.
FLISP Application
Once your loan is approved, we compile and submit your complete FLISP application to the Department of Human Settlements on your behalf.
Property or Build
We guide you through selecting a property or stand, or assist with your building plans if you are constructing on your own land.
Transfer & Registration
Our team coordinates with conveyancers and the bank to ensure a smooth transfer and registration process.
Key Handover
You receive your keys. We remain available for any post-occupation queries or support you may need.
Get started
Start Your Application
Complete the form below and one of our consultants will contact you within one business day to discuss your eligibility and next steps.