Apply for a housing subsidy online in 3 minutes

Article summary

• FLISP is a housing subsidy that provides low-income home buyers with funds to put toward a home purchase.
• With ooba Home Loans, you can apply for a housing subsidy online in less than 3 minutes.
• ooba Home Loans also helps you apply for a home loan, submitting your application to multiple banks so you can compare deals and choose the best package.

FLISP is a housing subsidy that provides low-income home buyers with an opportunity for home ownership.

How do you apply for FLISP? You can do so easily with ooba Home Loans. We provide a route for you to apply online in a short period of time. We organize the paperwork and submit the application on your behalf. We then monitor the progress of the application and keep you updated on its status.

This is quicker and easier than applying through a bank.

ooba Home Loans can also help you apply for a home loan after receiving your FLISP subsidy. We submit your home loan application to multiple banks, allowing you to compare deals and choose the one best suited to your situation.

The FLISP subsidy combined with home loan application through multiple banks significantly improves your chances of obtaining home loan approval.

Applying for a housing subsidy online

Here’s a look at the FLISP application process with ooba Home Loans:

How do I qualify for FLISP?

Bear in mind that in order to qualify for FLISP, 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.

How much is the FLISP subsidy?

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

For more detail, see the chart below.