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FHF (First Home Finance) is a subsidy from the Department of Human Settlements which offers down payment assistance in the form of a grant to potential home buyers who meet a set of qualifying criteria and who are in a financial position to secure a home loan from the bank. The FHF subsidy reduces the amount of the loan required from the bank, thus rendering the monthly loan repayment instalments more affordable over the loan repayment term.
Who qualifies?
The FHF subsidy is a once-off payment and is only available to a potential purchaser who has also qualified for a home loan from a bank to acquire a home and who satisfies the qualifying criteria.
Please see our RESOURCES tab for FHF Qualifying Criteria. Also familiarise yourself with / read about the stages in the home buying process should you qualify for FHF.