You could qualify for 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!
You could qualify for 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!
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Do you meet the qualification criteria?
First Home Finance (formerly known as FLISP) assists individuals with low incomes in purchasing a home. We provide guidance throughout the application process to help you secure your dream home.
Flexible loan terms
You must be a South African citizen with permanent residency in South Africa.
Income
Your household income must range from R3 501 to R22 000 monthly.
Household
You must be married or cohabiting OR single with financial dependents.
Age
You must be over 18 years old.
First House
You must not have owned a fixed residential property before.
No benefit
You must not have received a government housing subsidy before.
Subsidy for your first home
What does FLISP do for you?
use for
Deposit
Used it as a deposit when purchasing a property
pay your
Legal Costs
Used it as a payment for transfer and bond registration costs
Reduce your
Loan Amount
Use it to reduce your loan amount & monthly instalments
FLISP SUBSIDY
How much is the subsidy?
The subsidy ranges from R38 878 – R169 264. The lower your income, the higher the subsidy.
Are you interested in applying for First Home Finance? Get all your questions answered by contacting an ooba bloemfontein consultant today!
Frequently Asked Questions
FAQ'S
National Housing Finance Corporation is responsible for distribution of subsidies to qualifying applicants.
The South African government offers first time home buyers 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.
Yes, if you qualify for FLISP you get the money paid straight into your bond account, or towards your deposit and homeloan costs.
The FLISP subsidy takes care of your deposit and legal expenses. Depending on your monthly income, the FLISP subsidy can be up to R169 264!
South African ID, Birth Certificates of children, proof of income (if working).
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