Bond Talk | FLIPST Subsidies | SA Home Loans

19 Jul 2019

How a FLISP subsidy can help with buying your first home

What is a FLISP subsidy?

Financial Linked Individual Subsidy Programme (FLISP) enables first time home-ownership for households classified within the ‘affordable or gap’ market, that is households who earn from R3 501 to R22 000 per month.

Households in this salary bracket generally earn an income that is too low to qualify for home loans and too high to qualify for ‘free’ government housing subsidies. This is where FLISP can make a difference.

The FLISP subsidy is only valid for the purchase of residential properties in areas where the transfer of ownership and registration of the bond are completely recordable at the Deeds Office.

The FLISP subsidy can only be used towards a deposit or reducing your total approved home loan amount and cannot be used for initiation fees or attorney costs.

Who qualifies for a FLISP subsidy?

Apart from being in the FLISP qualifying salary range, below is a list of other qualifying criteria that applicants need to meet when applying for a FLISP subsidy:

  • First time home buyer
  • South Africa Citizen with a valid identity document or permanent resident with a valid permit
  • Over the age of 18 or legally married or legally divorced and of sound mind.
  • Married or cohabiting or are single with financial dependents.
  • Must never have benefitted from any Government Housing Subsidy Scheme before

It is possible to calculate the approximate subsidy that you will be eligible for by using the FLISP subsidy amount calculator. Simply select your income bracket and complete the information required.

The FLISP application process

For FLISP subsidy consideration, applicants must produce a signed Letter of Acceptance indicating the approved home loan amount, from a South African accredited financial institution, such as SA Home Loans.


We are a specialist mortgage provider with experience in providing home loans that are suited to each individual applicant. We will give you our best possible rate and also help work out how to structure your mortgage to gain maximum
equity from your property.

SA Home Loans assess each application according to our own credit and affordability standards and the National Credit Regulator’s lending criteria, which forms a part of the FLISP application process.

After finding a home that warms your heart, contact our team to get your home loan application started by calling 0860 2 4 6 8 10, emailing or by visiting the contact page on our website.

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