What are the FLISP requirements in 2024?

Question

MyProperty · Accepted Answer

Flisp requirements include being a south african citizen and having income within a certain range. • flisp subsidies are available for first time home buyers who earn between r3 501 – r22 000 per month. • the home loan of the buyer must first be approved and the buyer must be a south african citizen and be married, co-habiting or single with a dependent. • the new buyer must never have benefitted from a similar subsidy before; e.g. An rdp house. • home buyers who recently took transfer and meet the qualifying criteria can also apply. You will require the following documents along with your flisp application form:. • certified copies of identity documents (ids). • certified copies of dependents’ birth certificates. • certified copy of marriage certificate/ final order of divorce. • original recent payslip/affidavit confirming unemployment/ proof of social grant. • certified copy of the deed of sale / offer to purchase. • certified copy of the bond approval / bond quotation. • original/ certified copy of the statement of transfer cost from the transferring attorney. The application process usually takes 7 days.