How do I apply for FLISP?

Author
MyProperty
South Africa's #1 independent property portal

If you meet all the requirements, you can apply for a government subsidy, but you must first apply for a home loan.

You used to have to apply for a home loan and have the application approved before you could apply for FLISP, but as of April 2022, this is no longer necessary. You can now use other sources of finance to apply, including:

• The beneficiary’s pension/provident fund loan.

  • A co-operative or community-based savings scheme, i.e. stokvel.
  • The Government Employees Housing Scheme.
  • Any other Employer-Assisted Housing Scheme.
  • Certified copy of the deed of sale.
  • An unsecured loan.
  • An Instalment Sale Agreement or Rent-to-own Agreement.
  • You can then discuss an application with your financial institution, contact the nearest municipality for advice, or submit an application form at the Department of Human Settlements.
Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot
Home Loans Property News
Is estate living right for you?
Market & Opinion
Is estate living right for you?
15 Jul 2024
Estate living is rapidly becoming one of the most popular real estate trends in South Africa. With increasing crime rates and a growing emphasis on lifestyle, the demand for secure and quality living environments is on the rise.
read more
Housing Affordability: How First-Time Buyers are Coping
Market & Opinion
Housing Affordability: How First-Time Buyers are Coping
09 Jul 2024
First-time homeownership remains a challenging goal for many South Africans, particularly the youth. Despite a brief period in 2020/21 when interest rates were cut to record lows, participation by young buyers, defined as those under 35 years old, has continued to decline steadily since 2010. This is according to insights from the latest FNB Estate Agents Survey that looks at understanding how first-time buyers are navigating a tight monetary policy environment.
read more
Debunking common myths tenants have about buying a home
Market & Opinion
Debunking common myths tenants have about buying a home
01 Jul 2024
When it comes to buying a home, misinformation can lead to costly mistakes and unnecessary stress. Let’s debunk some common myths to help you make informed decisions on your home buying journey.
read more
Navigating dual occupancy
Market & Opinion
Navigating dual occupancy
20 Jun 2024
The rising cost of living and a shortage of affordable housing options have left many South Africans seeking alternative solutions to make homeownership more affordable. One increasingly popular trend is dual occupancy, where homeowners either rent out a portion of their property or co-own a property with a friend or family member.
read more
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments