First-Time Homeowners: Government can Assist

14 Jan First-Time Homeowners: Government can Assist

Posted at 15:46h in Latest News by

Owning your first home is truly life-changing, and the journey to making it happen should be enjoyable and straightforward. At FirstStep Housing, we believe in the power of homeownership and how it can transform your family’s life for the better. Our team has been helping clients secure government-subsidy housing for many years, and we can do the same for you! Make this the year you pursue your dreams with success!

Qualifying for FLISP: What to Know

FLISP, or the Finance Linked Individual Subsidy Programme, has had a significant impact on South Africa’s housing market. Thousands of families who would have previously been unable to buy a home can now apply for a housing grant specifically designed for the GAP market. You can use FLISP to buy a house with cash, a loan, or a pension as long as you have a signed OTP. The first steps? Check if you meet the qualifying criteria, outlined below:

  • Earn a combined monthly income between R3,500 and R22,000
  • Be a South African citizen or permanent resident
  • You must be 18 years or older to apply
  • Be married, cohabiting, or single with financial dependants
  • You cannot apply if you have owned a residential property before, except for a serviced stand with a Title Deed already in your name.
  • You cannot apply if you have previously received a housing subsidy that gave you ownership, leasehold, or a deed of grant.

First-Time Homeowners: Government can Assist

Using FLISP: Becoming a Homeowner

At FirstStep Housing, we walk hand in hand with you throughout your FLISP journey. From assisting with and submitting your application to following up and helping secure the funds. Get free government money for a house that you do not have to pay back. Do you need help finding the perfect property and getting your offer to purchase in place before applying for FLISP? We can help and ensure the process is simple and stress-free.

Once you are approved for the FLISP housing grant, you will probably wait between 3 and 4 months for the money to be paid out. During this time, start planning the exciting next steps of your life and what the future holds.

What Is Needed to Apply:

Let us set you up for FLISP success! Before we can assist with your FLISP application, we will require the following:

  • Signed OTP/Sales Agreement of the home you plan to buy
  • ID documents of each prospective buyer
  • Three most recent payslips of all prospective buyers
  • Birth certificates for minor dependants within your household
  • Marriage certificate and divorce certificate/settlement, if applicable

Once you have followed the steps to apply for FLISP with FirstStep Housing assistance, you can lean on us for support and guidance during the process. Ready to get started? APPLY NOW – your dreams of homeownership are in great hands!