The FLISP housing requirements are designed to assist first-time homebuyers in South Africa with a once-off subsidy to make homeownership more affordable[1]. The main eligibility criteria are as follows:
- Citizenship/Residency: You must be a South African citizen with a valid ID or a permanent resident with a permanent residence permit[1].
- Age and Legal Capacity: Applicants must be at least 18 years old and legally competent to contract (this includes being legally married or divorced and of sound mind)[3].
- Income Band: Your gross monthly household income must be between R3,501 and R22,000.99[1] (some sources list the upper income limit as R22,000[3]).
- First-Time Homebuyer: Neither you nor your spouse may have previously owned residential property or benefited from a government housing subsidy scheme for ownership, leasehold, or deed of grant[1].
- Dependants: If you are single, you must have at least one proven financial dependant[2].
- Approved Finance: You need an approved home loan or alternative financial assistance for the property purchase. As of April 2022, finance can come from:
- A registered bank (mortgage)
- Pension or provident fund-backed loan
- A stokvel or community-based savings scheme
- Government or employer-assisted housing scheme
- An unsecured loan
- Instalment sale agreement or rent-to-own contract
[2]
- Use of Subsidy: The subsidy can be used as a deposit, to pay legal fees, or to reduce the home loan balance[4].
- One-Time Benefit: FLISP is a once-off subsidy and can only be received once per qualifying household[3].
Excluded individuals: You cannot apply if you or your spouse have previously owned a residential property or benefited from a government housing subsidy for homeownership[1].
The subsidy amount varies with your income, typically ranging from approximately R38,911.40 to R169,264.60 (as of 2025), depending on total household income[4].
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