Skip to content

How does the FLISP subsidy work?

You submit your FLISP application, which you can do with the assistance of ooba Home Loans (we submit your application and monitor its progress).

If your application is approved, the National Housing Finance Corporation (NHFC) will pay the subsidy into your account. The size of the subsidy depends on your income. See below:

How you use this subsidy is up to you. For example, you can use this subsidy as a deposit or pay it into your home loan account. Either option reduces your interest rates and makes you more likely to gain home loan approval.

Note that you need to meet the following criteria in order to qualify for FLISP:

  • Your income must range from R3 501 to R22 000 per month.
  • 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 18 years old.
  • You must not have owned a fixed residential property before.

Apply for a housing subsidy

FLISP offering homebuyers a subsidy on their first home.

DO I QUALIFY?

Ranked #1 in Banking on Hellopeter

hello-peter
image-stars

Average rating of 4.86 from over 4 550 reviews

Simply The Best

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.

Tia J

Excellent Service

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.

Brice G

Bond Application

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.

Butana M