FLISP is a government subsidy aimed at first-time homebuyers who fall within a low-income bracket.
If you have an income ranging from R3 501 to R22 000 per month, and you meet the other qualification criteria, you can apply for FLISP.
If your application is successful, you will be provided with a subsidy that can be deposited directly into your home loan or used as a deposit when applying for a home loan.
The subsidy ranges from R30 001 to R130 000, depending on your income. The lower your income, the higher the subsidy.
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.