You can qualify for a FLISP subsidy.
The South African Government offers first time homebuyers living with dependents, a spouse or a partner, a FREE subsidy on their first home. This is known as First Home Finance (FHF) - formally known as FLISP (Finance Linked Individual Subsidy Programme). As a South African citizen you can easily qualify for a FHF subsidy and become a home owner today!
What FLISP does for you
- Can be used as a deposit when purchasing a property
- Can be used as a payment for transfer and bond registration costs
- Can be used to reduce your loan amount thereby reducing the monthly instalments
4 easy steps to apply for a FLISP subsidy linked to a home loan
-
1. Get preapproved for FLISP and/or a home loan
-
2. Find your dream home and submit an offer to purchase
-
3. Apply for home loan funding
-
4. Apply for FLISP subsidy
FLISP subsidy FAQs
-
How do I know that I qualify for FLISP?
The South African Government offers first time homebuyers living with dependents, a spouse or a partner, and you earn a household income between R3,500 – R22,000 per month, a FREE subsidy on their first home.
-
I don't have a deposit or any money for a house, what can I do?
The FLISP subsidy takes care of your deposit and legal expenses. Depending on your monthly income, the FLISP subsidy can be up to R 130, 505!
-
If I get the FLISP subsidy, do I get the money?
Yes, if you qualify for FLISP you get the money paid straight into your bond account, or towards your deposit and home loan costs.
-
Who is funding FLISP?
The National Housing Finance Corporation is responsible for distribution of subsidies to qualifying applicants.
