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Government’s subsidy on your first home loan: What you need to know

The government subsidy, known as FLISP (Finance Linked Individual Subsidy Programme), provides a subsidy ranging from R30 001 to R130 000 to first-time home buyers whose income ranges from R3 501 to R22 000 per month.

The subsidy is paid out before you apply for the home loan, so you can use it as a deposit. You can also pay it into an existing home loan to reduce interest rates and long-term repayments.

However, in order to qualify for FLISP you must never have received a government subsidy before.

How to apply? You can do so online through ooba Home Loans in less than three minutes. We submit the application on your behalf and monitor its status.

Apply for a housing subsidy

FLISP offering homebuyers a subsidy on their first home.

DO I QUALIFY?

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

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Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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