How do you qualify for Flisp?
- Your gross household income is between R3,501 and R22,000 per month, ie. …
- You are a South African citizen or have a permanent residency permit.
- You are over 18 years and competent to contract.
- You are married or cohabiting OR single with financial dependents.
- You haven’t received a government housing subsidy before.
How long does it take for Flisp to pay?
within 7 days
How long does FLISP take to pay out? First Home Finance (formerly known as FLISP) is a government subsidy aimed at first-time homebuyers with low income. If you qualify for the subsidy, it will be paid to you within 7 days, depending on your application status (the subsidy ranges from R38 878 to R169 264).
How much does Flisp pay?
Article summary. The FLISP subsidy ranges from R30 001 to R130 000. The subsidy is based on your income; the lower your income, the higher your subsidy. The subsidy can increase your chances of home loan approval by being used as a deposit, or paid into your home loan to reduce interest rates.
How to apply flips online?
The process is as follows:
- Submit the home loan application.
- Fill in the form on our website.
- After you’ve filled in the form, an ooba Home Loans consultant will get in touch to determine that you fit the profile for a First Home Finance subsidy.
- The consultant completes and submits the prequalification form.
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