Do you pay back FLISP?
No, you will not have to repay the FLISP subsidy.
The subsidy is intended to promote homeownership among low-income earners, as the government believes home ownership will strengthen the country as a whole.
Thus it would defeat the purpose to require repayment. FLISP is a subsidy, not a loan.
Of course, the subsidy is intended to help you acquire a home loan, which will need to be repaid.
Are you interested in applying for FLISP? Get all your questions answered, such as whether you qualify, how to apply and how FLISP can be used to acquire your first home.
