What Happens After Your FLISP Application Is Approved

30 Mar What Happens After Your FLISP Application Is Approved

Posted at 12:43h in Latest News by

Life’s most defining moments include taking ownership of your first home, and the FLISP housing subsidy can help South Africans achieve this with confidence. At FirstStep Housing, we facilitate the process for you by helping with a successful FLISP application on your behalf – but what happens after your FLISP application is approved and the celebration subsides? Let us look at what comes next.

Approval Confirmation

The first thing is receiving confirmation that your FLISP application was a success. FirstStep Housing ensures a streamlined approach to your FLISP subsidy application, and we regularly follow up if the feedback process takes longer than it should. We will submit the application on your behalf and let you know as soon as we have received feedback from the Department of Human Settlements.

When we receive confirmation of FLISP approval, it will also outline your approved subsidy amount, any conditions attached to the grant, and the instructions for what comes next. Our team will carefully review this for any inaccuracies or missed information.

Securing Funding

As a finance-linked subsidy, you will use FLISP to buy a house with cash, a loan, or a pension fund. Before you can access the FLISP grant, your home loan needs to be finalised. If you’re using cash, stokvel, or a pension fund, these funds need to be put forward towards the purchase before the FLISP money is transferred to the conveyancing attorney handling the transaction.

FLISP Subsidy and moving into your first home

Property Transfer

Since you must be buying a home to apply for FLISP, you will already have an offer-to-purchase in place. Once the transfer attorney receives your funds and the FLISP payout, this can be used to cover transfer fees, registration, and, where applicable, a deposit. The property can then be officially registered in your name! More South Africans are accessing FLISP – be one with our professional assistance! Once the property is in your name, you can officially move into your first home and start making new memories with your family.

Considering Applying for FLISP?

If you fall within the gap market and meet the qualifying criteria, consider FLISP your path to first-time homeownership in South Africa. To apply, you must earn a combined household income of R3,500 to R22,000 and have a spouse or dependents. FLISP is only available to those who have never received a government housing grant or owned property before.

Application Documents We Need:

Before we can assist with your FLISP application, we require the following documentation and details from you:

  • Signed Offer to Purchase or Sale Agreement of your chosen property
  • Identity Document for each prospective buyer
  • Three months’ recent payslips for all prospective buyers
  • Birth certificates for all minor dependants living in your household
  • Marriage certificate, if applicable
  • Divorce order and settlement agreement, if applicable

Let our FirstStep Housing team walk alongside you on your journey towards owning your first home in South Africa! APPLY NOW to get started.