- You may also qualify for FLISP, a Government-led housing subsidy programme aimed at customers who:
- Are first-time home buyers
- Earn a single or joint gross monthly household income of between R3 501 to R25 000
- Are South African citizens with valid IDs or permanent residents with valid permits
- Are older than 18 years and competent to legally contract
- Have financial dependants
- Have never benefitted from any Government Housing Subsidy Scheme before
If you qualify, the Government may grant you a housing subsidy of between R27 960 – R121 626. This subsidy is a once-off lump sum payment towards the purchase of your home. Once the bond amount is approved by the Bank, you will have to approach the National Housing Finance Corporation (call 011 644 9800), e-mail
FLISP@nhfc.co.za or visit
www.nhfc.co.za) for the subsidy, or go to your nearest Provincial Department of Human Settlements. This subsidy can only be used as a deposit or to decrease the loan size. It cannot be used to pay any charges or attorney fees such as transfer and registration costs.
Terms and Conditions apply