FLISP

HOW CAN A GORVERMENT SUBSIDY HELP YOU BUY YOUR FIRST HOME?

How can FLISP help you buy a home?

FLISP contributes towards buying your first property or building a house in a town.

FLISP can be used to reduce your initial home loan amount making the monthly

instalments more affordable. This is not a loan, but it is money that is given for free to

the public to help first-time home buyers.

FLISP provides subsidies between 121 000 and 42 000 rand depending on how much you

can earn. It can be used as a deposit to cover any shortfall between the approved home

loan amount and the purchase price.

FLISP cannot be used to pay any charges or attorney fees such as transfer and/or bond

registration costs.

How do you qualify?

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Your single or joint household income must be between R3 501 to R22 000.

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You must be a first-time home buyer over the age of 18 years.

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You must have never benefitted from any Government Housing Subsidy Scheme

before.

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You must have an Approval in Principle for a home loan from an accredited South

African financial institution