WHO QUALIFIES?
Each lender we broker will inform the borrower of additional requirements or documents to be submitted.
We will inform you on the best lenders that will suit your individual needs and get you that loan.
Amongst the many programs, Finance Linked Individual Subsidy Program (FLISP) is specifically intended for the market segment whose income is inadequate to qualify for a home loan, but exceeds the maximum limit applicable to access Government's 'free basic house' subsidy scheme. This market segment, generally known as the 'affordable/gap' market, earns between R3 501 and R15 000 per month. Households in this segment, if buying a home for the first time, may apply for a FLISP subsidy.
Depending on the applicant's gross monthly income, their once-off FLISP subsidy qualifying amount may vary between R10 000 and R87 000, as defined in the FLISP Subsidy Quantum. Any residential property acquired with a FLISP subsidy may not exceed the R300 000 price margin.
- South African citizenship or Permanent Resident
- Older than 18 years
- Household and/or Individual earning from R 1 500 to R 15 000 per month
- Able to prove 2 years continuous employment
- Can demonstrate ability to service the loan
Each lender we broker will inform the borrower of additional requirements or documents to be submitted.
We will inform you on the best lenders that will suit your individual needs and get you that loan.
Amongst the many programs, Finance Linked Individual Subsidy Program (FLISP) is specifically intended for the market segment whose income is inadequate to qualify for a home loan, but exceeds the maximum limit applicable to access Government's 'free basic house' subsidy scheme. This market segment, generally known as the 'affordable/gap' market, earns between R3 501 and R15 000 per month. Households in this segment, if buying a home for the first time, may apply for a FLISP subsidy.
Depending on the applicant's gross monthly income, their once-off FLISP subsidy qualifying amount may vary between R10 000 and R87 000, as defined in the FLISP Subsidy Quantum. Any residential property acquired with a FLISP subsidy may not exceed the R300 000 price margin.