HOW CAN A GORVERMENT SUBSIDY HELP YOU BUY YOUR FIRST HOME?

How can FLISP help you buy a home?

FLISP contributes towards buying your first property or building a house in a town.

FLISP provides subsidies between 121 000 and 42 000 rand depending on how much you can earn. It can be used as a deposit to cover any shortfall between the approved home loan amount and the purchase price.

FLISP cannot be used to pay any charges or attorney fees such as transfer and/or bond registration costs.

How do you qualify?

•Your single or joint household income must be between R3 501 to R22 000.

•You must be a first-time home buyer over the age of 18 years.

• You must have never benefitted from any Government Housing Subsidy Scheme before.

• You must have an Approval in Principle for a home loan from an accredited South African financial institution