What are the FLISP requirements in 2024?

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.