FLISP is a subsidy of your home loan application, provided by the South African government to first-time buyers who fall within a lower income bracket. The subsidy ranges between R30 001 and R130 000 depending on your income (the lower your income, the higher your subsidy), and is paid into your home loan account or your attorney’s Read more…

The National Housing Finance Corporation (NHFC) distributes funds to qualified applicants, according to the budget granted them by the government. The subsidy was established by the government to help low to middle income households ( R3 501 — R22 000) repay their home loan. These people generally have too low an income to qualify for a Read more…

The Financed Linked Subsidy Programme (FLISP) is a South African government programme that subsidises the home loans of first-time home buyers who fall within a low income bracket. The subsidy is paid into your home loan account or your attorney’s trust account. It can also be used as a deposit on your home loan. In order to Read more…

If you’re a low to middle-income earner, home ownership is now a possibility thanks to FLISP, a government programme that subsidises home loans. In order to qualify, you must have an income of R3 501 to R22 000 per month. Other FLISP requirements You must be a South African citizen with permanent residency in South Africa. You Read more…

You can get a government housing subsidy through FLISP (Finance Linked Individual Subsidy Programme). FLISP subsidises the home loans for low to middle-income earners. You must meet the following criteria for FLISP: Your income must range between R3501 and R22 000 per month. You must be a South African citizen with permanent residency in South Africa. You Read more…

You used to have to apply for a home loan and have the application approved before you could apply for FLISP, but as of April 2022, this is no longer necessary. You can now use other sources of finance to apply, including: the beneficiary’s pension/provident fund loan a co-operative or community-based savings scheme, i.e. stokvel Read more…

The subsidy ranges from R30 001 to R130 000, depending on your income. The lower your income, the higher the subsidy that will be paid by the government toward your home loan, lowering your monthly repayments in the process. To qualify for the FLISP subsidy, you must have an income ranging from R3501 to R22 000 Read more…

Bear in mind that you no longer require home loan approval before applying for FLISP. You can now use other sources of funding to apply, such as an unsecured loan. Then you submit the FLISP application form along with necessary documentation. From the moment you submit, the application process is expected to take 7 days. The NHFC (National Read more…

People who fall within the income bracket of R3 501 to R22 000 qualify for a FLISP subsidy. Furthermore: You must be a South African citizen with permanent residency in South Africa. You must not have received a government housing subsidy before. You must be married or cohabiting OR single with financial dependents. You must be over Read more…

In addition to the FLISP application form, you will need the following documents: Certified copies of identity documents (IDs). Certified copies of dependents’ birth certificates. Certified copy of marriage certificate/ Final order of divorce. Original recent payslip/affidavit confirming unemployment/ proof of social grant. Certified copy of the deed of sale / offer to purchase. Certified Read more…