Skip to content

How do I get a government housing subsidy?

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 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.

If you meet the above criteria, you can apply through your financial institution or with the assistance of a home loan comparison service, such as ooba Home Loans.

The application process usually takes 7 days.

The subsidy depends on your income. The lower your income, the higher the subsidy, which ranges from R30 001 to R130 000.

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
  • the Government Employees Housing Scheme
  • any other Employer-Assisted Housing Scheme
  • an unsecured loan
  • an Instalment Sale Agreement or Rent-to-own Agreement

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