What does FLISP mean?

FLISP stands for “Finance Linked Individual Subsidy Programme”. It is a subsidy aimed at first-time homebuyers with low income.

Note FLISP has been rebranded as First Home Finance.

To qualify for First Home Finance you need to meet the following criteria:

• 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.

If you qualify, you stand to receive a subsidy ranging from R38 878 to R169 264 depending on your income.

You can apply for First Home Finance online in a matter of minutes by filling in a form with ooba Home Loans.

The process is as follows:

• Submit the home loan application.
• Fill in the form on our website.
• After you’ve filled in the form, an ooba Home Loans consultant will get in touch to determine that you fit the profile for a First Home Finance subsidy.
• The consultant completes and submits the prequalification form.
• The outcome is reported to the buyer.