FLISP Housing Subsidy Extends to Resale Market!

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When the President announced the new FLISP (Finance Linked Individual Subsidy Programme) in his 2012 State of the Nation Address, the groundswell of interest and enthusiasm for this subsidy was not anticipated. Since then, this website has been inundated with requests for information, people asking whether they qualify and for how much, arguing that they are in that “gap” market, too rich to qualify for the RDP subsidy, and too poor to afford the cheapest newly built house available on the market.

While the FLISP subsidy has already helped some people – the President announced in this year’s State of the Nation Address that R70 million had already been expended in the programme – its impact has been limited. Actual delivery numbers haven’t been reported. However, if we estimate that if the average subsidy was about R40 000 (depending on the income of the household applying), it would appear that only about 1750 beneficiaries would have benefited.

Two problems have plagued the new FLISP since it was launched last year – the availability of new housing, and its cost.

• First, the subsidy was only available for households purchasing new housing costing less than R300 000 and in projects approved by the National Housing Finance Corporation (NHFC). This meant that the NHFC had to enter into agreements with developers to approve projects, and this process took time. This also meant that there were very few new houses available in this price range.

• Second, the fixation on new housing meant that only higher income borrowers in the FLISP target market range of household income R3501 – R15 000 would be able to apply. The cheapest newly built house in South Africa today is about R270 000 – and in most cases closer to the R300 000 limit. Even with the FLISP subsidy, this house would only be affordable to a household with no other debt, earning about R7 500 (for a R270 000 house, estimating a subsidy of about R60 675 and a mortgage loan of about R209 325), or more likely, R8 500 (for a R300 000 house estimating a subsidy of R53 250 and a mortgage loan of about R246 750).

Combining the factors of limited supply and limited affordability, the FLISP subsidy to date has had only a limited impact. Potential applicants have had to wait to be included in a list for houses that still had to be built, and people earning less than R7500 found that the math didn’t work: even with higher subsidies, they couldn’t afford enough mortgage finance to buy the houses that were being built.

This is now changing. The FLISP is now available to households buying homes on the resale market, in Gauteng, KwaZulu Natal, Free State, Eastern Cape and the Northern Cape; with North West and Mpumalanga soon to follow. The NHFC calls this programme “Open Market Access”.

In terms of the policy, the FLISP subsidy may now be used in one of three ways:
1. To buy a new house costing less than R300 000, that is part of the NHFC’s Accredited Project Developments in the various provinces.
2. To buy a new or an existing house on the resale market, costing less than R300 000
3. To buy a vacant, serviced, residential stand and a build a house on it, such that the total price of the property is no more than R300 000.

This now solves both problems: there are many more houses in the resale market than what the NHFC’s Accredited Project Developments could ever hope to build; and there is a much greater variety in price – houses costing as little as R100 000 can be found in some areas.

If the banks agree to provide a mortgage to someone earning R3501 (and assuming they had no other debt) – the bottom of the eligibility range – this is what that household might be able to afford:
• Mortgage (estimated at 11% interest, over 20 years, 25% instalment to income): about R84 771
• FLISP subsidy: R87 000
• Potential funding available for the transaction: about R171 771
• Target house price: about R160 000 – R165 000 (It is important to keep some money back to facilitate the transaction)

But they wouldn’t have to take the whole mortgage – because this is an example of what is available:

At these prices, the household could take their FLISP subsidy of R87 000 and add a mortgage of a limited amount (we need to establish what the minimum mortgage would be), and then possibly even have some finance over to do some renovations.

Or, the household might buy this house, with their subsidy of R87 000 and a bond of about R40 000. Given the size of the bond, they would probably be able to pay it off much more quickly than the 20 years on which a mortgage bond is normally scheduled.

western cape R125k

If the banks agree to provide a mortgage to someone earning R4500, this is what the household might be able to afford:
• Mortgage (estimated at 11% interest, over 20 years, 25% instalment to income): about R108 992
• FLISP subsidy: R80 250
• Potential funding available for the transaction: about R189 242
• Target house price: about R175 000 – R180 000 (It is important to keep some money back to facilitate the transaction)

blue downs R175k

PE R180k

If the banks agree to provide a mortgage to someone earning R5500, this is what the household might be able to afford:

• Mortgage (estimated at 11% interest, over 20 years, 25% instalment to income): about R157 433
• FLISP subsidy: R66 750
• Potential funding available for the transaction: about R234 183
• Target house price: about R225 000 – R230 000 (Again, it is important to keep some money back to facilitate the transaction)

The household need not get the full mortgage for which they qualify for, however. Becase they can use the FLISP to buy in the resale market, they might find cheaper housing, meaning that their monthly bond repayment will be lower. Here are some more examples:

And so on… The point is, that there are far many more resale market houses costing below R300 000 than there are newly built houses. And when the sellers of those houses get the purchase price they ask for, they can buy higher value houses that are being newly built. That is why the secondary, or resale market is so important for the functioning of the entire property market – and finally, our policy is acknowledging this.

Of course, households who have pre-existing debt will struggle to access mortgage finance for the house they aspire to own – they may have to consider downscaling to a smaller dream while they sort out their finances.

The NHFC has prepared a detailed pamphlet setting out how the policy works – this can be downloaded here. There is also a presentation, which provides a little more detail. Lastly, the application form for the FLISP is also available on the NHFC website. I look forward to watching how this policy evolves, and how many people make applications for resale market houses. I also look forward to seeing how the banks react to the increase in applications they are likely to receive! Depending on the budget available from the provincial departments, this subsidy instrument stands to make a serious difference to our housing market.

Please let me know how it goes.

(Property listings taken from Property24.com)

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305 responses to “FLISP Housing Subsidy Extends to Resale Market!

  1. So a household income still need to be between 3501 and 15000?

    1. Yes, in order to qualify for the FLISP, the household income needs to be between R3501 and R15 000, and you have to access it together with mortgage finance, to buy a house that costs less than R300 000. To qualify for the RDP subsidy, the household income needs to be R3500 per month or less.

  2. So when will this be available and where can we go for application in Bloemfontein?

    1. Hi Sindiswa – the subsidy is available now in Bloemfontein. To access it, please take a look at the documents attached to this post. You can also call the NHFC on 011-644-9800 and speak to them, or email flisp@nhfc.co.za . They can give you the details of the Bloemfontein office

  3. Hi There

    My name is Nthaby , staying alone and paying rent with total income of 3500 – 3800 including commission excluding commission is 3000. I just want to find out if I will qualify for FLISP even though I dnt have kids and not married? secondly I had debts but I settled all of them even though 1 account has to be on ITC till end of February because it was default transunion say so will it affect my application if I apply next year after my name has be cleared?

    Thank you

    1. Hi Nthaby. You can only qualify for the FLISP if you have dependents – people who depend on your financially (like a spouse, parents or children) and who live with you in your household. But there is a queue anyway, so I would recommend you set up a regular savings habit with yourself, so that when you are ready to apply, you have a deposit, and you will have built a track record of financial discipline for the lender to see. Set up a savings account with your bank, and then make a commitment to pay a regular amount into the account each month. Your bank will see this, and it will help with your application when you are ready. Regarding your debt – once it is cleared it shouldn’t undermine your application – but having a regular savings habit will also help show the bank that you’re over your financial difficulties and ready to enter into a commitment to pay a mortgage loan.

  4. Hi Kecia. My brother earns an amount of R6500, He has one child, my mom and baby brother depending on him. Will he be able to qualify for any sort of housing in the western cape Blue down? The othe rquestion I have will one be able to buy the houses cash if it goes for R50 000-R80 000? Still earing an amount of R6500 before deductions so they don’t have a bond to pay and still be able to live and buy the needs. Please help or direct me to someone I could possibly ask. I also heard in Eerste river there are housing like that its close to Eerste River library the front section was given to people for free and the back section the “goverment” or minster of housing s selling to indivuals who earn a certain amount. Will you be able to clarify or could you give me a number a or email address please?
    Thank you.

    1. Hi Marsha – all good questions. Yes, at an income of R6500 per month and with dependents, your brother should be able to qualify for the FLISP subsidy. However, there are various requirements he’ll have to fulfill: the house will have to cost less than R300 000, and he must ALSO qualify for mortgage finance to pay the difference between the subsidy amount and the purchase price. The FLISP is only available when its tied to mortgage finance. This means that he cannot access the subsidy to buy a house outright with the subsidy and his savings. I think this is a problem with the policy, but I’m afraid that’s just how it works at the moment. I can’t give you any information about Eerste River and what’s happening there – I would recommend you contact the Cape Town Dept of Housing, or maybe even the NHFC if its a FLISP project. The NHFC’s number is 011-644-9800

  5. hi i am a single mother of 2 kids earning R7200 per month and paying a rent of R2000 per month and i am currently under debt review do i qualify for subsidy or not?

    1. Hi Naozaa. While your income puts you within the target market for the FLISP, you can only access it if you also qualify for and access a mortgage. The FLISP cannot be used on its own – you have to get a mortgage in order to get the FLISP. This means that you need to resolve your debt situation before you can address your housing situation. Good luck – I know its hard, especially at your income, but at the moment its the only way to deal with this situation.

  6. I am earning R9000.00 per month and I don’t have kinds, so do I qualify subsidy or not?

    1. Hi Thulsile – I’m afraid in order to access the FLISP you have to either be married, cohabiting (living with someone) or have dependents.

  7. i earning more for RDP House but one of my relative decide to hand over his house to me as he is now changing the province. what is the procedure there. in other hand if we are exchanging the house in cash what is the procedure there.

    1. Hi Ronnie. You need to find a conveyancer to legally register the sales transaction on the deeds registry and to put the title deed for the property in your name. A conveyancer is a lawyer that does property transfers like this. However, your relative can only sell his house to you if he has been living in it for at least 8 years. If the house is younger than 8 years, you’ll have apply for a special concession from your province to have the sale transaction processed. Its very important you do this formally: while you and your relative may understand and remember the transaction, if either of you should pass on, the only way to legally secure your rights to the process is by legally registering it. Does this answer your question well enough?

  8. The FLISP is not gonna address the problem of homelessness as long as it put conditions. I earn R17000.00 and don’t have a house. What need to be done is houses where people can rent on conditions that they will buy, like in the old South Africa. This is not a solution and people are gonna steal RDP house as the need shelter like as everyone.

    1. You’re right to some extent – the conditions that government puts on the subsidy often get in the way of the market working. Rental is certainly an option, and I think that there are some interesting developments there, not only in terms of government policy, but just in terms of individual households offering rental accommodation on their properties. Rent-to-buy is also a useful model that some developers are implementing. The apartheid government had it much easier though: by excluding the majority of the population, their budget could be invested in bigger and better houses. That those houses were in segregated areas and without any social or economic amenities and services, also made their delivery task much easier. This government is committed to access to adequate housing for all – indeed, it is a constitutional obligation of the State to ensure the progressive realisation of the housing right. I wouldn’t agree that the old South Africa is a model for what we should do now. We have real implementation challenges and I’ll be the first to criticise ineffective government. But this one is democratic and developmental.

  9. Hi Kecia, how long is the queue of applications ? And also if i dont have savings or some thing to show I have so sort of financial discipline ( I dont have any debt) wold that work against me as a first time home buyer ?

    1. Unathi, the queue is terribly long. In fact, there has recently been research by the Socio-Economic Rights Institute that suggests that there is no waiting list… that allocations are much less straightforward than the concept of a waiting list suggests. You can download that report from here. Yes, having no record in the credit market would prejudice the banks against you because they would have no basis of knowing whether or not you were trustworthy in paying back your loan. You should start now, gathering information that would present your credit character. You could open a savings account and save regularily into that, the same amount on the same day every month. That will show a bank that you’re dependable. At the same time, you’ll build up an amount of money that will help you when you’re finally ready to buy.

  10. i wish to buy a house in bloemfontein and i need financial support.please advice me on the procedure.

    1. Hi Lebohang. As I’m sure you’ve read in this blog, you can apply for a FLISP subsidy if you earn an income of less than R15 000, have dependents (like children or others who depend on you financially for support), can access a mortgage loan, and use the mortgage and the subsidy to purchase accommodation that costs less than R300 000. The NHFC is the administrator of the scheme – you can contact them directly. Take a look at their pamphlet and then call them in their Bloemfontein office (051-403-3883) for more information.

  11. Hi Kecia, im a single mother with 3 children with a salary of R5000 will i qualify for a home loan.

    Regards

    1. Hi Janine. YOu’re going to have to ask your bank that question. At R5000 per month, and if you’ve never owned a house before, you should be able to apply for the FLISP subsidy. In the resale market, this together with a mortgage loan should enable you to buy a low cost house – although your affordability will put you at just under R197 000 (including loan and subsidy) and there are very few available in this price range. Your eligibility for mortgage finance will depend on your source of income – are you formally employed with a monthly payslip? – and whether or not you have any other debt outstanding. Best would be to speak with your bank and get a sense of how much mortgage they might offer you. You can then add that to the FLISP subsidy amount that you’d potentially qualify for (about R76 000), and this will give you a sense of the purchase price you might be able to afford.

    2. Hi Janine,
      I am a journalist working on a story for Business Day about people who find themselves in the “gap” mortgage market and may be looking to apply for FLISP subsidies. Could you please let me know if you’re available to be interviewed? My email is robynmurray28@gmail.com.
      Thank you!
      Robyn

  12. Hi Kecia

    There have been a lot of misunderstanding from my side, I earn between R5000 and R8 000. the only accounts I have is for cloth as you understand if you have kids you cant afford everything cash due to standard of living being high. can that be my stumbling block. Another ? I have how flisp prevent corruption.as I am in the process of application already in some other projects .but there is already corruption , people who do not qualify due to depts or they are owning 2 house from government already. How are you going to prevent that from happening

    1. Fhatu, the thing with your credit accounts is this: even if you only have one account – like your clothing account – if you have ever missed a payment or had a problem with it, then this could affect your credit record. Because the FLISP is only available when its linked with mortgage finance, you need to have a good credit record in order to qualify. Has your application been denied? If it has, ask the bank or the NHFC for a detailed reason why – and then see if you can rectify the issues they raise. Regarding corruption: this is an important issue, of course. The best way to stop corruption is to make it visible: report it. Have you heard of Corruption Watch? You can call them with an anonymous tip and then they’ll follow up on the allegation.

  13. My husband gets a salary of R7200pm. I am not employed. Got my daugther and grandchild staying with us. We want to buy a house of R239 000. Do we qualify for a housing subsidy? And what will the amount be ? Scared of affordability at banks

    1. Hi Marika. At your income, you should qualify, and the price of the house is good. The subsidy for a household that earns R7200 per month is just over R60 000. Then, depending on your debt situation, you might be able to afford a mortgage of about R170 000 (paying about R1750 per month) which, together with the housing subsidy would allow you to afford about R230 000 – just under the price of the house you want to buy. Do you have savings? Call the NHFC and discuss your situation: 0860 011 011

  14. Good day, i have got somebody who want to sell his RDP house to me for R170000, I’m earning R8000. I also have car instalment of R3000 PM, cloth for R900, policy for 500, Rent for R1200. Other expenses’ R1500. I want to know how the government can assists me, I have two children and I’m married.

    the second issue is my sister is working for SAPS, earning between R10000 and R15000 staying with her two children she is a widow. She brought an old house of about R350000 and pay the deposit of R35000. I want to know if is the any assistance she can get from the government.

    1. Hi Ron. Let’s first talk about the RDP house you want to buy. It sounds like a good deal. First check, however, that the seller is entitled to sell the house – that they have the title deed in their name, and that the house is older than 8 years. If its less than 8 years old, you may need to get approval from the province first – this is a requirement of the Housing Act and different provinces deal with the restriction in different ways. Regarding your affordability – at R8000 per month you might be able to qualify for a subsidy of about R56 000, which means you’d need a loan of about R114 000 to meet the difference. This should be well within your affordability – a loan of that amount would require a monthly payment of about R1200 (assuming an interest rate of 11% over 20 years). However, your car instalment is pretty hefty and might compromise your eligibility for the mortgage loan. You’re going to have to check with your bank. Start by calling the NHFC and explaining the situation to them.

      Now, on your sister. I’m afraid since she bought the property already, she’s not eligible for the FLISP subsidy. The subsidy cannot be applied retrospectively and is only available to households who have never owned property before. However, I don’t know what sort of housing benefits or allowances are available to members of the SAPS. She should discuss this with her HR person, to see if the department has any support it can offer.

    2. Hi Ron,
      I am a journalist working on a story for Business Day about people looking for an affordable mortgage. Could you please let me know if you’re available to be interviewed? My email is robynmurray28@gmail.com.
      Thank you!
      Robyn

  15. Good day, I want to know, what happens in a case where the house is going for R100 000, and let us say I qualify for the subsidy of R60 000 and I do not want to get the difference from the bank as I have it so as to pay cash for the house. Can that happen.

    Regards

    1. Hi there – the FLISP is only available if you access it TOGETHER with mortgage finance. In order to buy that R100 000 house, you would have to get a mortgage to finance the difference between the subsidy and the purchase price – in this case, R40 000. The downside is that banks don’t like to lend such small amounts with a mortgage instrument. If you can consider it, speak to your bank about whether they would do such a thing in your case.

  16. Hi ,i made an application for a house with a price of R279000.00 direct from a developer and i lso completed FLISP application forms,the application was approved by the Bank however a received feedback from the developer that they are still waiting for the FLISP application to be approved and the amount which has been approved will be paid into my home loan account as a form of deposit,My questions are was the amount for FLISP not supposed to be used to reduce my homeloan account instead of them using it a a s deposit because it wont really help me because i will still be owing the Bank the full amount of the houseincluding interest,im not getting any joy from the developer whenever i want answers on this issue and they keep on refering me to the bank ,can you please clarify this matter for me and also provice me with any information where i can lay a complaint

    1. Hi Rudolf. The way the subsidy works is like this: the FLISP amount is used as a deposit on the purchase price of the house you are buying, so that the loan that you then get from the bank is the purchase price, LESS the subsidy that you get. On top of this, however, you have to also consider the cost of the legal transfer that accompanies the sale process. Its possible that your FLISP is being used for that. Alternatively, perhaps the developer assumed the FLISP in the purchase price – that is, he may have quoted you the price less the subsidy. You’re absolutely right to ask for transparency. The person who is handling the sale application – the developer, I’d think – should be able to give you an itemised list setting out all the costs. You can also ask to speak with the conveyancer who is handling the transaction. That’s the legal person who manages the transaction. Perhaps you should call the NHFC to discuss this with them – this is the National Housing Finance Corporation – they administer the FLISP subsidy. Their number is 011-644-9800

  17. Hi my husband is earning R5000 a month and we need a house,he doesn’t have any debts or accounts,and we also have +- R60 000 we took as a loan,is it possible for us to get a house around gauteng. And who do we contact?

    1. Hi there – at a household income of R5000, you should be able to qualify for the FLISP. Your R60 000 loan may limit your bond affordability, however, unless you have that money available to also contribute towards the purchase of the house. In Gauteng, you can use the FLISP subsidy to buy a resale property. Look for a house that’s available for sale in the area you want to live. It has to cost less than R300 000, and in your case should probably cost closer to R190 000. Then, you use the subsidy that you qualify for (probably somewhere close to about R70 000) and the loan that your income qualifies you for (this probably won’t be more than R120 000) to buy the house. You can find out more in the FLISP pamphlet that the NHFC has developed.

    2. Hi Idah,
      I am a journalist working on a story for Business Day about people who are searching for an affordable mortgage. Could you please let me know if you’re available to be interviewed? My email is robynmurray28@gmail.com.
      Thank you!
      Robyn

  18. I earn R4000 pm. Can I get a housin subsidy. Can someone help mw get a rdp home that they are building in umhlanga.

    1. Hi there – at your income you earn too much to qualify for an RDP house. You should be able to get a FLISP subsidy, but unfortunately you also have to qualify for bond finance in order to access the subsidy. Take a look at the FLISP pamphlet that the NHFC has put together – it also has the number of their office in your area.

  19. Hy am staying durban how I can buy a house using flisp subsidy

    1. Hi there. The Durban office of the NHFC can be reached on 031-336-5300. YOu can also download the FLISP brochure for more details.

  20. I’m.married have two kids stay in backyard I have been on wairing list from 2000 and I’m sruggling to get a subsidy home in eerstiriver. Please I need help have no parents that left something behind

    1. Hi Nodine. If you earn more than R3500 but less than R15 000 per month, you can apply for the FLISP subsidy – download this brochure for more information. However, if you earn less than R3500 per month, you can apply for an RDP house, or to access the individual subsidy which you’d then use to buy a house on the resale market. I’m not sure exactly what’s available in your area, but I’d advise you to contact either your local municipality or provincial department of human settlements, to ask them what the options are. Good luck.

  21. i had a house but had to sell it as i was no longer working, i am now working and wish to buy a house but it is resale and it cost around R250000 i am currently earning R8272 and my take home is about R3000 will i qualify for the subsidy?

    1. Hi there – I’m afraid the FLISP subsidy only applies to first time home buyers. That is, you can’t ever have owned a house before.

  22. Can I have the contact no to find out about the FLISP housing because I earn more than 3500

  23. Nodine, the contact number is on the pamphlet that I gave you the link for. In Johannesburg, the NHFC can be reached at 0860 011 011 or 011 644 9800. Numbers for the other provinces are in the pamphlet.

  24. hi there i would like to know if i will qualify for one of the houses in eersteriver i earn over R3000 my mum lost her job currently and we currently living with my aunt

    1. Hi there. To qualify for a FLISP subsidy you need to earn more than R3501 and less than R15 000 per month, have dependents, and never have owned a house before. You also need to qualify for a mortgage loan to cover the remainder of the purchase price that the subsidy doesn’t cover – and this means you need a clear credit record. As a first step, visit your bank and ask them how much of a mortgage loan you’d qualify for, if you were buying a house in Eersteriver with a FLISP subsidy. Then, look at the NHFC’s pamphlet on the FLISP to see how much subsidy you could qualify for. If the two add up to the purchase price, you can begin the formal applications process.

  25. Hello, what if I find a house that is R350000 would I still be able to apply for a mortgage and the FLISP subsidy if for example I put down a deposit R50000.Which would make the it R300000, that I would still owe.

    1. Hi Zameera – that sounds logical, but I’m afraid it doesn’t work that way. The maximum house price for a house that is supported with a FLISP is R300 000. If you bought a house for R350 000 – even if you paid that R50 000 yourself – you wouldn’t qualify.

  26. Hi,
    I Really need home i’m a father of three kids who don’t have family except my own im earning R4000 per month I dont have life if I dnt have home for my children,I need help.

    1. Hi there – I’m sorry to hear about your situation. You really do need a home. At your income, it is possible that you would qualify for the FLISP subsidy – for an amount of about R83 000. This is only accessible with a mortgage, however, so you would then need to approach the bank. If you have no other debt, if your expenses are manageable, and if you have a good credit rating, they might approve you for as much as about R90 000. At 12% interest over 20 years, this would mean you’d have a monthly mortgage payment of R1000. Putting the FLISP and the mortgage together, it would mean that you might afford a house of about R170 000. Can you find one on the resale market in that price range in your neighbourhood? Good luck.

  27. Hello.I would like to know.I recently went house hunting and I found A good house for me and my two sons, I approached an agency that is selling a house and they checked my credit profile which came out good.I earn 6200 a month and the agent thinks I have good chances of qualifying for a mortgage, the house costs R200 000 and its a resale. However I would like to know, as I wanna apply for this subsidy as well.Do I have to wait for the application of flisp to be approved first before I can buy that house and what if somebody buys that house while I am still waiting for the application to be approved

    1. Hi Maki – this is all great news. You need to apply for the FLISP subsidy at the same time as when you apply for the mortgage because the two go together. Your bank should be able to help you put together an application and send it to the National Housing Finance Corporation which administers the subsidy. Take a look at the NHFC’s pamphlet on the FLISP subsidy for more information.

  28. belinda maneli on 10th March 2014 at 9:18 pm

    I need help and advice regarding a home I’m a single parent with 2 chldren and breadwinner looking after my siblings and fmly

    1. Hi Belinda. If you earn less than R15 000 per month- if that is your household income – then you should qualify for the FLISP subsidy. That subsidy is available through the National Housing Finance Corporation. Your best bet would be to look for an existing house available for sale on the resale market. Something that costs less than R300 000, or preferably much less. Once you find that, you put in an offer to purchase that is subject to your getting (1) the FLISP subsidy and (2) a mortgage loan. Then you take the offer to purchase and submit it together with an application to the NHFC for the FLISP and the Bank for the mortgage. You can download a pamphlet on the FLISP here for more information.

  29. which locations are available in gauteng for flisp

    1. Hi Khule – you need to call the NHFC to find out about their new FLISP housing projects in Gauteng. You can call them on 0860 011 011 or write to them on flisp@nhfc.co.za. I should mention, however, that the FLISP can also be used on the resale market. That means that you can use the FLISP to contribute towards the purchase of any house available for sale in South Africa (I believe most provinces are now participating) as long as the house costs less than R300 000. Download the FLISP brochure for more information.

  30. HAi kecia thank you so much for this its really helping keep it up .I’ve got a question for you ,I’m a single parent currently renting a small sheck for R450 with my son.I earn R4000 per month I’ve been saving a lot I’ve got R20000 would that help ?where do I go ,what to ask, do I qualify ?

    1. Hi Sinazo – I’m amazed that you’ve managed to save R20 000 – well done! That will certainly help. At your income, you should qualify for almost the full FLISP subsidy of about R87 000. It is possible that you could also qualify for up to about R90 000 in mortgage finance – this would mean that you could buy a house for about R177 000 or so. The only challenge you’ll have is convincing a bank to give you a mortgage that is so small – normally, banks like to lend mortgages only for more than about R100 000. This is what you must do: find a house that is in your price range, put in an offer to purchase that is conditional on you accessing the subsidy and the loan. Then go to the bank and negotiate with them – show them that you’ve managed to save R20 000 (this shows them that you have financial discipline). If they are unhappy to lend you such a small amount, let me know – they should be helping you. You see, you can’t access the FLISP unless you also access a mortgage – so its worth the effort. Once you get bank approval you send all of the documentation to the NHFC to apply for the FLISP and the whole process should fall together. Good luck and please let me know how it goes!

  31. please let me know if there are any houses available in and around Eerste River area.

    1. Monique, I don’t have information on houses for sale. If you’re hoping to also get the FLISP subsidy, however, you should find a house that costs less than R300 000.

  32. hy I am a mother of 3 girls and we live in a jondol at there grandfathers place 2gather with there father we both working but me I earned less than 3000 but the father of my kids he earn 3700 per month and we desperate needed our own house if u can help please ,send us details

    1. Zanele, at your income alone, you’d qualify for an RDP subsidy, but as you know, that takes quite a lot of time to get. Together with the income of your children’s father, at R6700, you should qualify for a FLISP subsidy – but the problem there is that the only way to access the FLISP is if you can also qualify together for a mortgage bond, and use that together with the subsidy to pay for the house. This is the challenge you face. I think you need to go to a bank together with the father of your children, and see if they will qualify you together for a mortgage. If this is possible, then you can apply for the FLISP subsidy and buy a house on the resale market – this would probably be an RDP house that has been occupied for more than 8 years and is now available for sale. If the bank won’t approve a joint mortgage bond for the two of you, then you should apply to your municipality to be on the waiting list for an RDP house. Good luck.

  33. Hi Kecia

    I am a single guy staying in Bloemfontein since 2000. I have been renting flats and I pay rent of 4 800 currently. I am not “employed” but I volutee and receive a stipend. I figure with the cost or renting, I would be better off paying off my own home. Would I qualify for the housing subsidy?

    Warmest regards

    1. Hi there Elliot. There are two basic subsidies that you might be able to apply for. The RDP subsidy is available for households (note, not individuals: you must have dependents) who earn less than R3500 per month and have never owned a house before. The FLISP subsidy is for households who earn R3501-R15 000 per month, and who also qualify for mortgage finance which they use together with the subsidy to buy a house for less than R300 000. You can’t get the FLISP subsidy without also getting a mortgage. Your eligibility for a mortgage will depend on your income – the bank will need to see formal payslips, and will need to be convinced that you can make a 20-year repayment commitment. This means that they’ll probably not accept your volunteer position as “work”. Your best bet is to go and speak to your bank about your situation and see what they say. Also, take a look at the FLISP pamphlet, here.

  34. In need of help on 13th May 2014 at 12:49 pm

    i want to buy a house that is R300000 MY MONTHLY SALARY IS R7500.00 before deductions. Please help

    1. Hi there. You’re going to struggle to afford the R300 000 house. At your income, you are likely to qualify for a FLISP subsidy of about R60 000 which means you’d need to afford a mortgage of about R240 000. However, to afford a mortgage of that amount, you’re going to need an income about R10 500 per month. You’re going to have to find a cheaper house – something around R230 000. You probably won’t find a new house for that price though – take a look at the resale market and see what you can find.

  35. Would like to buy the RDP sold R95 000 in Rankua

    1. Hi Sandra. Sorry its taken me so long to respond. R95 000 is an excellent price. Before you buy the house, make sure that there’s a title deed – that the person selling it is legally entitled to do so – and that the house is older than 8 years. Once you work this all out, you can go through the process outlined on this site. Make sure you do the sale formally – that is, with a legal professional (called a conveyancer) – and that you get the title deed registered in your name. Good luck.

  36. Hi Kecia, I’m a single guy and live in my parents house, I earn R5000. I have monthly debit orders of +- R1000 and pay bored of R1000 will I be able to qualify for a subsidy.

    1. Hi Jody. The subsidy is only available to someone who has financial dependents – a spouse, children or parents. Its not available for single people.

  37. Hi I earn about R8800 pm, and need a housing subsidy. I’m under debt review, do I qualify of not. If I don’t qualify can you please refer me to someone who can help, cause I have a wife with two kids, and I’m renting R600 for a room.

    1. Hi Sipho. You have to qualify for mortgage finance in order to access the FLISP subsidy – but you can’t get a mortgage if you’re under debt review. I understand you want to improve your housing situation so what you need to do is first resolve your debt situation, and in the meantime, save as much as you can spare, to go towards a deposit for a house. When you’ve paid off your debt you can try and apply for a mortgage and then the FLISP subsidy at the same time.

  38. I am earning R11500 and would like to buy a house,i have found a house costing R300 000,will i qualify for FLISP?

  39. Hello , I would like to apply to buy a house that belongs to the South African Police and is abandoned due to water damage.Pipes leaking etc. I have a salary of R3200 per month and am due for a salary revue in 2 months.Please keep in mind as I am white I don’t know what the actual steps are to be followed. I am also married with no dependants, I have never owned property before either. A last question being is do the banks allow people to get loans/mortgages/houSing allowances for people living on the breadline? Thank you. All help will be greatly appreciated.

    1. Hi Paul. The RDP housing subsidy scheme is open to all South African citizens and permanent residents – race is not among the qualifying criteria. You have to have dependents, earn less than R3500 per month, and have never owned a property before. If you satisfy these criteria (and there are a few others) you can certainly apply for an individual subsidy, and use this to buy the house that you’ve found. Unfortunately, however, because most people in your income bracket apply for the RDP house that the state delivers, the individual subsidy mechanism is not well used or understood. You need to approach your municipality or provincial government and ask them how you would go about this process. If, when your salary is reviewed, your income goes up above R3500 per month, then you would have to apply for the FLISP subsidy, which is only accessible if it is accessed together with mortgage finance, which at your income you are unlikely to qualify for. You’re in a funny ‘gap’. I think your best bet is to discuss this with the municipality or the province in your area. Good luck.

  40. Hi Desiree. At your income, it should just work. You’ll qualify for a FLISP subsidy of about R33 000, and then would need to qualify for a mortgage to reach the difference. As I’ve said to others in this blog, put in an offer to purchase on condition of your accessing the subsidy and mortgage finance. Then apply for the mortgage, telling them you plan to also get the subsidy. And then once both of those are fine, apply for the subsidy. Good luck.

  41. hi i am married with one child, my take home is 4500. i have a site to build on and would like to apply for a home building bond of 300 000 do i qualify for the FLISP?

    1. Hi there. By your income, you should qualify for the FLISP, however there are two problems. First, to get the FLISP you can never have owned property before: if you have a site to build on, and if its already in your name, it is possible that you’ll be disqualified. This is something to check with the NHFC – you can call them on 011-644-9800 or 0860 011 011, or email them on flisp@nhfc.co.za. The second problem is that at an income of R4500 – even with the FLISP – you won’t qualify for a R300 000 (or even a R213 000) bond because you won’t be able to afford the repayments. At your income, the most you could probably afford to borrow is about R100 000 (this would lead to a monthly loan repayment of about R1125 per month, depending on the interest rate you can get). If you did qualify for the FLISP, it would be worth about R80 000, which means that your total cost of construction couldn’t exceed. R180 000. This is certainly doable – in terms of your dreams, you’ll just have to phase the housing you want to build.

  42. Hi

    I would like to apply for a house. I’m currently earning R6800. I am base in KwaZulu Natal, Pietermaritzburg.

    Thank you
    Fikile

    1. Hi there. Its possible that you can apply for the FLISP subsidy – that is, if you’ve never owned a house before, and if your credit situation is such that you will also qualify for a mortgage loan. Take a look at the NHFC’s information on the FLISP, and call their offices. In terms of your income, its possible that you could qualify for about R66 000 in subsidy, and about R152 000 in mortgage finance, which would bring your overall housing affordability to about R219 000. This means you’ll have to look for a house on the resale market.

  43. thandi mdakane on 7th July 2014 at 2:20 pm

    can you explain this flisp for me,i want to buy a house but i dont understand gov subsidy and bond from the bank,it goes together or what plz explain

    1. Hi Thandi. Take a look at the FLISP pamphlet – this should give you more information. Basically it works like this: you need to find a house that is for sale, that you can afford, but which does not cost more than R300 000. The FLISP is available to people who earn between R3500 – R15 000 per month. The more you earn, the less you get. You use this as a deposit towards the cost of the house, and then you need to get a mortgage bond to cover the difference. The bond that you get from the bank will also depend on what you earn (the more you earn, the more you may qualify for), what your expenses are, and whether you have any other debt outstanding. Before you decide what house you want, you should work out your affordability – your affordability for a bond will be based on how much you can afford to pay each month, and your affordability for the FLISP will be based on your household income. You add these two together and that will tell you, more or less, how much you can afford to buy your house for.

  44. Good day,

    I am 22 years old and I have never owned a house before.
    I dont have children but I have dependents[My Parents].I stay with My Husband whom I am married to traditionally and both our salaries makeup is R 12 000.00 .I have been recently put on NCR list reason being I missed paying my account for 2months[non consecutively].
    I would like to know if I can qualify for a FLISP house[I stay South of Joburg,any area near to town would be at my advantage].

    1. Hi Lerato. At your income, you should qualify for the FLISP, but to get it, you have to also qualify for a mortgage bond. This means that your credit has to be clear. The first thing you need to do is clear your credit record – do whatever you have to do to pay your debt and demonstrate that you are a reliable borrower. You can also use the time to start saving. If the bank gives you a mortgage, it is likely they’ll base the amount on you being able to repay 25% of your income each month. Can you afford to pay R3000 each month towards a bond? If you start saving now, you’ll be able to demonstrate your ability to pay. The other thing you might want to think about is to buy a house that is cheaper than you might think you can afford. Something like for R200 000. This you might be able to find in Soweto, for example. It will mean that your monthly payments will be less, and the bank will be more likely to agree to a loan.

  45. Good day,

    I am a 23 year old,traditionally married to my Husband.We Stay together and we rent a room around Joburg.My parents are my dependeds and I have no children as yet.I was recently put on NCR due to 2 months arrear premiums[non consecutive].Both our monthly income less deductions[medical aid,UIF,tax ect] amount to R12 500.00.
    I would like to know can we qualify for the FLISP housing around Jhb,if Yes kindly advise.

    Warm Regards,
    Lerato.S.

    1. Hi Lerato. The FLISP subsidy is available to people with a gross household income of between R3501 and R15000. You need to calculate your eligibility based on your total monthly income, including medical aid, etc. Take a look at the FLISP pamphlet for more information.

  46. hy I earn R4320 per month can I buy a house that cost R80000 and the deposit is R2000

    1. Hi there. At your income, and if you’ve never owned a property before, you should be able to qualify for the FLISP subsidy. However, in order to get the subsidy you also have to access mortgage finance, which at your income is sometimes difficult. Ironically, the amount of mortgage you’ll need will be too small for a bank to want to give you a loan! I would take your question to the provincial department of human settlements and ask them what to do. You’re kind of stuck in a loophole in the policy where the house is too cheap for all the pieces to work together.

  47. hi kecia,i am in cosmo city,near randburg.where can I apply for FLISP subsidy.

    1. Hi Mary – you apply for the FLISP subsidy as part of the sale process. So, you first need to find the house you want, and then go to a bank to apply for a mortgage. The bank will then help you apply for the FLISP. Take a look at the NHFC’s new webpage on the FLISP – its very informative.

  48. HI, i am unemployed and married and my son has been contributing an amount of R1 500,00 towards our living expenses. I want to buy the house I currently live in owned by my mother for R250 000,00. My son will stand surety for the bond. How can I find out how much subsidy I will qualify for so that I can apply for a bond for the balance of the purchase price

    1. Hi there. I’m afraid if you’re unemployed, you will not be able to access a mortgage loan, and you’ll need this in order to qualify for the FLISP subsidy. Even though your son may stand surety, that won’t mean anything to the bank if you don’t earn an income. To find out more about the FLISP subsidy and how much you’d qualify for, take a look at the NHFC’s new webpage on the FLISP – its quite informative.

  49. Hi guys,i bought a house for R285 000 in 2011 by an agent after failing to obtain a subsidy,they said the max salary should be R3500 then and i was earning a basic salary of R7500,now that have been changed in 2012,from R3500-R15000,can I apply for it even though I succeded getting a house,coz the bond is killing me…..thanx

    1. Hi Tulani. I am so sorry but you cannot apply for the subsidy in retrospect. It can only be accessed at the point of sale. Good luck with your bond repayments – I know its tough but it will get better.

  50. Hi. I want to know where to go if I want to buy a house while I’m earning a gross salary of R9000?

    1. Hi Shane. At your income, if you have dependents, a good credit record, and have never owned property before, you should qualify for the FLISP subsidy. Check out the NHFC’s new web page on how the FLISP works – it has quite a lot of information.

  51. Good day,

    Please confirm if the subsidy maximum has increased as there was an official statement issued by FNB and Standard Bank that the housing value should not exceed R350 000 kindly provide feedback on any recent updates. I have a godchild which I live with currently and the child will be living with me however I am not the maternal parent will this be recognised when applying for the housing subsidy?

    1. Hi Nomvula. The policy is being amended slightly – but hasn’t been finalised yet. In terms of the original policy, the price limit of a house for which the FLISP is used was R300 000. I understand this limit is going to be raised – but that’s not yet set in stone. As soon as the revised policy is published, I’ll post it on this website. You’re right – you have to prove that you have dependents in order to qualify for the subsidy – I’m sure you can manage this with an affadavit.

  52. I would like to find out where a person can apply for the FLISP in Port Elizabeth and what documentation will be needed. Thanks

    1. Hi there – you apply for the FLISP as part of your mortgage bond approval process. The NFHC has just updated their information on the FLISP – take a look and see if that answers your questions. You can then email them on flisp@nhfc.co.za or call their help-line on 0860 011 011

  53. Hey Kecia
    I’m a young man earning R7500 after deductions would like to know if I could be able to afford a house with that salary. I’ve got an incoming baby on the way. Would like to know how much worth house would I qualify for and how much installment am I looking at to qualify for. House needs to be around Johannesburg

    1. Hi there. Yes, at your income, you should be able to qualify for the FLISP – that is, if you have dependents (you say you do), have never owned a property before, and qualify for mortgage finance. The FLISP can only be accessed with a mortgage. At your income, the numbers might look something like this: you could qualify for a FLISP of about R60 000, and (if you have no other credit outstanding and can afford to make a monthly payment of about R1875) a mortgage bond of about R175 000. This means that you could possibly afford to buy a house of about R235 000, including the conveyancing fee, moving costs, bond costs, etc. Take these as very rough numbers. There isn’t any new housing being built in this price range, but you could use the FLISP and the mortgage to buy a house on the resale market. For more information on the FLISP, visit the NHFC’s information page.

  54. Hi.My neigbour offered to sell me her RDP.Im qualifying for RDP can I Apply for RDP house to buy her house? The house is over 8 years now but theres no title deed.Is there any way we can apply for special title deed I dont want to loose ths opportunity.I have depends

    1. Hi Ntando. You can only buy a house with a subsidy if there is a title deed. To go through the process and get a title deed, take all the information about the house to your local municipality. You might also want to find a conveyancer to help you – see if there are any working in the area.

  55. hi there we bought a house last november2013.according to the agent we didnt qualify for a subcidy because its not a newly build house.where can i find out about this the house was R300.000 thanx

    1. Hi there. Your estate agent was wrong: the FLISP subsidy extended to the resale market early in 2013. If the transfer has already gone through – that is, if the title deed is already registered in your name – then I’m afraid I don’t think there’s anything you can do. Maybe speak to your bank or call the NHFC (011-644-9800) and ask them what to do, but I think its too late. The FLISP can only be accessed at the time of the purchase itself.

  56. success mushwana on 18th August 2014 at 10:29 am

    Hi i need help in buying a bond house in cosmo city joburg ma salary is 9200 just wanted to know what must i do in order for me to buy and also i wll be able to pay 3500 per month please help

    1. Hi there. At your income, if you’ve never owned a house before, and if you have dependents, you should qualify for the FLISP. Take a look at the FLISP pamphlet and also at the NHFC’s webpage on the FLISP. With an income of R9200, its likely you could get a FLISP of about R46 000, and a bond (depending on your credit situation) of about R220 000. This means you could possibly afford to buy a house of about R266 000. Go and look for a house in that price range. Then put in an offer to purchase, conditional on your getting the FLISP and a bond. Then take the offer to purchase to the bank, and ask them for a loan, telling them that you also want to apply for the FLISP. In their evaluation process, they’ll also help you apply for the subsidy.

  57. Hi my name is Nomkhosi turning 24 next year. I would like to know is it possible to acquire access to the subsidy if you wont be applying for mortgage like you add some personal funds towards buying that house or it a requirement that you get a mortgage as well.

    1. Hi Nomkhosi. I’m afraid it is a requirement that you get a mortgage bond to go with the FLISP – you can’t get the subsidy without a mortgage. However, you can ask the bank to give you just a very small mortgage, and ask them if you can repay it quickly, over a short period. If you only want a small mortgage, then a shorter repayment period would be better.

  58. Hi I think Im qualifiying to apply for Flisp.My neigbours offered to sell me her RDP house for 50 000.Im earning 5500 per month.but the big problem .no title deed .Shes been staying there for over 8 yeras..I dont need a bank to to give me abond cos my subsidy will be more than the price for a house.Im in kzn Durban please help me where can we go to get a title deed so that we can process the deal.I dont want to lose this opportunity to own a house

    1. hello Ntando – the first thing you MUST do is get the title deed. That’s very important. If you buy a house without a title deed, you will not really own it in terms of the law, and it will always be the case that it can be taken away from you. Please make sure there is a title deed – or go through the process to get one – or rather find another house to buy. R50 000 is a good price, and you’re right, the FLISP could cover the full amount, but the FLISP is only accessible together with a mortgage bond. What you can do is go to your bank and ask them what the smallest bond is that you can get from them, and make sure that it can be repaid early when you get the FLISP. But without a title deed, none of this will be possible. You need the title deed before you do anything.

  59. hi Kecia.

    i have filled out the flisp application but i dont know where and how i should submit it. please assist.
    regards.Lerato

  60. Hi kecia
    I have applied and bank approved and flisp approved but now there have been nothing happening the agent is telling me that they waiting for a letter from flisp ! How long does it take bcos even the lawyers are finish with the paper work. Its been 2 months now.

    1. Hi Philisiwe – the NHFC has committed in all of their documentation to respond within 7 days. Please call them directly – make sure you have all the details of your application on hand: the date you submitted it, the name of your agent, your ID number, etc. The NHFC’s landline number is 011 644 9800 and the call centre number for FLISP is 0860 011 011. Their website is http://www.nhfc.co.za.

  61. Hi kecia. Im a male of 29year and i never owned house be for so now i need one coz i got two kids wish needs home, bt i cant afford it coz i earn 7000 and same change per mouth so i want to know that will i qualify for flisp subsidy im in durban. And i also wanna know that do you look for people house tt costs less if i cant find it myself, i need an advance.thank you time.

    1. Hi Xolani. As you earn R7 000 a month, you can afford a house worth R164 000 (I’m assuming a rate of prime + 2% just to be conservative – if you were able to get prime interest of 9.5%, then your mortgage affordability would increase to about R187 000). Look at Housing Finance Partners (HiP), who lend to this market at prime +4.5%. There are unfortunately not enough houses available at this price, but search the web and look for houses through estate agents and hopefully you’ll find something. You would qualify for FLISP but we do not know if the KwaZulu Natal Department of Human Settlements are awarding subsidies at this moment. You can phone them to find out at 033 392 6400 (or see http://www.kzndhs.gov.za/Default.aspx?tabid=87 for more contact details). Sam

  62. Hi i want to buy a home but i have a existing, will i still qualify, must i phone FLISP first or how must i go about it

    1. Hi Alistar. I’m assuming you mean you already own a house, or have in the past. FLISP qualifying criteria stipulates that you have to be first-time home buyer. If you are unsure whether you qualify, see our latest blog (http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/) or call NHFC (0860 011 011). Sam

  63. Hi Kecia, My partner and i have been staying together for the past 2 years, and our household income is R13000 we’re currently renting a place for R1200, thing is, we have debts of about 56000 in total and are planning to get a house via the subsidy, 1. would we qualify with the debts we have? the installments add up to about R3500 a month and we have policies that’s round about a R1200 a month. 2. would we be able to consolidate our debts to improve our chances of getting the subsidy and getting the installments down. 3 we don’t have children yet, does this reduce our chances of getting a government subsidy

    1. Hi Lerato. You would still qualify for the subsidy with your debt, as the qualifying criteria doesn’t consider your level of indebtedness. But it is unlikely that a bank will award you a home loan if you’re so indebted, because they use an affordability criteria (which looks at your income and expenses) and do a risk assessment. I advise you to do your utmost to pay off your debt, showing the banks that you can repay debt and making it more likely that you will get a home loan at a lower rate. I don’t know much about consolidating debts, and what it involves. But not having children does not affect your chances of getting a subsidy: as long as you apply with a partner, having dependents doesn’t matter. Sam

  64. Hi my salary is per month is R8000, and im getting a extra R1400.00 per month please help

  65. hi I ve been living in my rdp house for 14 years and is now a 3 bedroomed house with 6 outside rooms my worry is I ve seen an opportunity o a business but I don’t have money where can I loan against my house

    1. Hi Hazel. There are not many products available to loan against your house. Perhaps Housing Finance Partners (HiP) would, or a bank, but you would have to ask about this. If you wait a few years, some products should become available that allows you to do this. In terms of loaning against your house, make sure your backyard rooms have been approved by the municipality and are legal. Sam

  66. Hi kecia. I earn R10 000 got 1 child,iv recently checked my credit profile,had an unpaid old debt bt iv managed to pay off.Wasn’t on default.Does this mean my name is clean or it will show up tht you use to be a bad payer?I’m kinda scared to apply dnt want the rejection.What must I do to be 100% sure tht the bank will aprove me..?

    1. Hi Maki. There are three credit bureaus that offer free credit checks: 1. http://www.experian.co.za/ 2. http://www.experian.co.za/consumer-services/index.html 3. http://www.xds.co.za/products-services/consumer-credit-profiles/. If you clear a bad debt that wasn’t in default, you have to wait 3 months and then it should be oaky to apply for credit. I cannot guarantee this but your credit profile should be okay. And you can always build up a good credit record by buying on credit and making sure you pay back on time. Sam

  67. Hi iwant to buy a house that cost 90k i never own ahouse befor and it not under govement they can help me to get it?

    1. Hi Lungi. It sounds like you would qualify for the subsidy. You would either have to apply with someone, or have a financial dependent. It also depends where you live, as the provinces manage FLISP differently. And you would also have to qualify for a home loan. But you could buy a house worth R90k on the resale market using FLISP. Take a look at our latest blog for more information: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/. Sam

  68. Hi there i m earnig 3850 and my stand with water and electricity so how do i apply in bloemfontein

    1. Hi Jacob. As you own a serviced stand, you would have to apply for a building loan to construct a house. The house would need to be built by a NHBRC approved builder. My advice is that you should contact NHFC (http://www.nhfc.co.za/contact-us/contact-details) and ask them about building a house. But the subsidy is designed to help people build homes on their land. Let us know if you are to get the subsidy, as we are interested if people are building homes with it. Sam

  69. I m earning 3850 and have side with water and electricity so how do i apply in bloemfontein

    1. Jacob. If I understand you correctly, you are saying you own a serviced stand? If so, you need to get a home loan to build a house from a bank. Contact either the NHFC (0860 011 011) or the Free State’s Department of Human Settlements (051 403 3883 or 051 405 4690 or 082 419 4517) to make sure they will provide the subsidy. Make sure the builder is NHBRC approved. Please let us know how how this goes.

  70. i would like to know do i qualify if i am 26years old,i never married ,unemployed,having problem of mentaillness,no child but having my youngest brother

    1. Samuel Suttner on 8th January 2016 at 1:05 pm

      Hi Vatiswa. If you are unemployed (earning less than R3 500 a month), you can apply for an RDP house. The issue is that you need to have a dependent (wife, partner, child or supporting your sibling) to qualify for a RDP unit. Sam

  71. Hi I am earning 17000 per month before deduction and I have 1 child I got new house for R350000 at Durban.I need to know if I can borrow R300000 from the bank am I be able to qualify for this subsidy

    1. Samuel Suttner on 8th January 2016 at 1:19 pm

      Hi Zamazulu. If you earn R17 000, you will not qualify for the subsidy. The subsidy is only for those earning R15 000 or below. The good news is that you should qualify for a home worth R350 000, as long as you have a good credit record. Good luck! Sam

  72. Hi, i’m earning 6,000 pm. How much will I pay a month

    1. Samuel Suttner on 8th January 2016 at 1:21 pm

      Hi Nobe. You should spend no more than 25 – 30% of your monthly salary on paying your home loan. So you can expect to spend between R1 500 to R1 800 a month, and will be able to afford a home between R140 000 and R170 000. The subsidy would be worth R72 000 for you. Sam

  73. Hi Kecia

    I’m 26 yrs I’m working for the city f cape town I’m earning 8500 before deductions and not permanent I’m a contract worker its been 4 years now they keep on renewing it and married and my husband just got his RDP house in eastern cape , my problem is that I have 4 sibling who are looking up to me and they do not have a place to call home and they all still at school. can I qualify to get the RDP house or what please help i’m not happy because they do not have their own place, and my second sister is 23 trs,20 yrs,13 yrs,10yrs. the young ones are still getting the child support grant

    1. Rosie, as you earn more than R3 500 a month, you would not qualify for a RDP house. Also, as your husband received a RDP house, that means you would not qualify for a subsidy. You and your husband would have to save and get a home loan without a subsidy. We have heard of houses available for R200 000 and below near Cape Town, which is roughly what a bank would lend you if you earn R8 500 (at prime +2%, paying 25% of your income, over 20 years). Look at http://www.property24.com and wwww.privateproperty.co.za for houses you may be able to afford. Good luck! Sam

  74. Hi
    My name I p.nehemia R7500 my wife passed away three yrs ago she left me three children grand daughter this in from Her I have my other 4 for my previous relationship they are now 7 together I am engage to my sister inLaw. She also have three children I am the only one working I have applying 4 yrs for a house all bank declined me. Pls help me I have already house 10x4mtrs live now in other people back yard psaying R1500 I have applying for a house capetown hums settlement directorate long ago I don’t if I quality there I need that subsidy I don’t no where to go pls help
    I want to know where to be found mortgage finances in capetown the contact details please
    Yours
    P.nehemia 0785220472 or 0733837656

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 11:22 am

      Dear Petrus Nehemia, even though you meet the requirements of earning within the financial bracket and have dependents, you will need to get a home loan to qualify for FLISP. Only once you have a home loan can you apply for the FLISP subsidy. An alternative would be to secure a stand, and slowly build a home, room-by-room, by applying for loans at the shops that sell construction materials.

  75. Where does one go to find these affordable homes. Internet searches don’t come up with anything under R400,000. Can I go straight to the developers or how does it work?

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 7:34 pm

      Dear Rachel, contact the developers in your area and ask them how they plan to deliver to this opportunity, you should do this because you need to find a house to buy before you apply for the subsidy as the only way to access the FLISP is if you get it together with a mortgage loan at the same time.

  76. I was appointed in 2010 I am now a permanent employee,is it possible for me to get a subsidy.please tell me via my e-mail,who to contact and how to apply for one.I am in Gauteng west

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 11:29 am

      Dear Themba, it is good that you have permanent employment as the banks look at this when considering giving out home loans. First, you will have to find a house, and then get a home loan for the house. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see if they would give you a home loan. Then you should contact the National Housing Finance Corporation (NHFC) to apply (011 644 9800) for the subsidy.

  77. I need home loan and financial assistance. From bank bond I qualify 300 000 so I have already 45000 owe the bank I’m paying 3000 but now I need house what can I do. Around brits north west

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 11:38 am

      Dear Tshepiso, if I am reading what you’re saying correctly, you qualify for a R300 000 bank loan but you’ve already taken out a loan for R45 000. I would suggest paying off your R45 000 loan first, and only then get a home loan—this means that you are more likely to get the loan and that the loan can be bigger.
      If you are interested in applying for FLISP, there are some requirements that you must meet. You need to get a home loan and your household must earn more than R3 500 but less than R15 000 a month. FLISP can be used to decrease your loan amount, which decreases your monthly repayments. For example, if the house you want to buy costs R250 000 and you qualify for a subsidy of R49 400, your monthly repayments will be R500 less than without FLISP. FLISP can also be used to increase the amount of money you have available to buy the house you want. For example, if a house costs R270 000 and the bank will only give you a loan for R230 000, then a R49 400 FLISP subsidy will allow you to buy the house. This allows you to buy a house that you would not be able to afford without FLISP. FLISP can be used to pay the deposit needed by the bank. We hear that the subsidy may also be used to cover transfer fees.

  78. Hi there Mr/Mrs/Miss. My wife and I earn a combined salary of +-R7000 a month. Do I qualify for a housing subsidy and where can I obtain the application forms, please. Can you also tell me whether a I can get a housing subsidy if I want to build my own house in Cape Town. Thank you for taking time to read my message! Regards Gavin

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 11:42 am

      Good day Gavin Smith, according to your household salary, you do qualify. However, you would also need to get a home loan, though getting one may be tricky considering your income. Speak to the banks, SA Home Loans or Housing Investment Partners to see if they would give you a home loan. You can get more information on the following link: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/ with regards to who to contact and getting more important information.
      With regards to building in Cape Town if you already own vacant land, you can get a home loan to pay a NHBRC-registered builder to build a house. The FLISP would then work the same way as if you were buying a house, but the builder should help you apply for FLISP.
      In the Western Cape, you will have to contact the provincial department of human settlements to enquire about receiving the FLISP subsidy.

  79. Helo there I am unemployed but married and my husband earns 7000rand p.m(Basic salary)we have a child.Will I qualify if i apply for a housing subsidy.Or can he apply?we want to buy a house thats 160thousand.Thanks alot

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 11:48 am

      Dear Kim Andrews, if your household (you and your husband) earn less than R15 000 a month before deductions, you qualify for the subsidy. You would need to get a home loan from a bank, SA Home Loans or Housing Investment Partners (HiP). If you get a loan for 25 percent of your husbands salary (R7 000), and get a loan for prime + 2 percent (12.5 percent), you would qualify for a home loan worth R154 000. This means that, without the subsidy, you should just be able to buy a house for R160 000. Speak to the NHFC and the banks/SA Home Loans/HiP.

  80. Hi there, I’m earning 3020 per month and with comm about 3500. I got outstanding accounts. Can I still check how much I qaulify for? And if I made arrangements with my outstanding payments, would the bank grant me a subsidy

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 11:51 am

      Dear Lucina, your household must earn more than R3,500 but less than R15,000 a month. R3500 falls within this bracket as this is your household’s income and this is gross salary before deductions. You also need to have a dependent, husband, partner, child or be supporting your sibling, to qualify for a FLISP. A crucial step is to get a bank loan; I suggest you speak to the banks, SA Home Loans or Housing Investment Partners to see if they would give you a home loan. In order to apply for the subsidy in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.

  81. good day

    my name is immaculate mahlangu, I earn R7200 after deductions and I’m a first time buyer I would
    like to know how much can I quality for and monthly repayment s, around Johannesburg, Roodeport or Soweto

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 12:09 pm

      Good day Immaculate, your household must earn more than R3,500 but less than R15,000 a month, this must be its gross salary before deductions. So please make the necessary adjustments to the amount you have given me.
      For R7200: For a loan term of 20 years and at a monthly repayment of R1750, which is equivalent to 25% of your income, you qualify for a loan amount of R164,099, and R67,025 from FLISP. These equate to a house worth R 231,124.

  82. Hi I’m earning R3500 but I hv loan for R15000 with another bank but I’m paying it regularly can I qualify for FLISP?

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 12:32 pm

      The FLISP subsidy is only for households earning R3 501 and above. If your salary is more than R3 501 gross, you would also need to get a home loan.
      If you earn less than R3,500 a month and meet other criteria, you could qualify for an RDP house. This house is free and provided by the government. Contact your Provincial Department of Human Settlements for more information or please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  83. HI IM SYLVIA ME AND MY HUSBAND WE R LOOKING FOR THE HOUSE AT TEMBISA OUR SALARY ITS R13200 A YEAR

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 12:38 pm

      Hi Sylvia, to qualify for FLISP your household must earn more than R3,500 but less than R15,000 a month and this is gross salary before deduction. Since R13200 falls within this bracket, what you need to do is apply for a home loan. It can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase has to be your first house as according to law, you may only receive government assistance for housing once. For more information please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  84. Hi Kecia I earn R4000 I wanna know if I qualify to buy a house or not

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 1:02 pm

      Dear Elizabeth, first, you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses. To qualify for FLISP your household must earn more than R3,500 but less than R15,000 a month and this is gross salary before deduction, as you earn R4000 you fall within the financial bracket and if you meet the other requirements you can apply for the subsidy. For more information please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  85. Hi Kecia
    I’m a single mom of two, with an income of R4000 a month and I have a small business that give me R1600 profit a month. is it all possible to get a house or an empty stand around cosmo city Gauteng. please help I’m so desperate tired of renting.

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 1:53 pm

      Dear Mpumi, Your household must earn more than R3 500 but less than R15 000 a month and this is gross salary before deduction. You meet this as you earn R4000. You must be living with financial dependents; you meet this as you have two kids. You need to have applied for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)).
      With regards to an empty stand around Cosmo City Gauteng, if you already own vacant land, you can get a home loan to pay a NHBRC-registered builder to build a house. The FLISP would then work the same way as if you were buying a house, but the builder should help you apply for FLISP. FLISP also allows for you to apply for a serviced stand. This stand will be free, but receiving it means you cannot get any further assistance from the government. Once you receive the stand, it will be up to you to build on it. However, most municipalities or provincial offices have not implemented this yet but it is part of the FLISP policy. You will need to check what is possible in your area by contacting your municipality or your Provincial Departments of Human Settlements.

  86. Hi
    I just wana find out if me and my partner we qualify for FLISP,we both working,My salary after deductions is about +-R8200 after deductions depending if I worked on sundays,His Salary is about R+- R9000 depending on overtime as well,we have 3kids and we now wana buy a house around soweto,first need advice on what needs 2 be done regarding buying of the house since we first time buyers,so do we qaulify for the subsidy ?? And is there a deposit that needs 2 be paid upfront….Please help,regards Lebo

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 1:55 pm

      Dear Lebo, you would not qualify for the FLISP as Your household must earn more than R3 500 but less than R15 000 a month. This is your household’s income, both you and your spouse’s income and its gross salary before deductions. Thus even though you have deducted the amounts, your household income still amounts to R17200. So you do not qualify.

  87. Hi

    My name is mahlatse i would like to find out how do i get information about the subsidy for cosmoscity and could you get me a contact someone i can speak to around my area.

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 2:14 pm

      Dear Mahlatse, you can access information on http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/
      You can also contact the National Housing Finance Corporation (NHFC)
      Address: Isle of Houghton, Old Trafford 3, 11 Boundary Road, Houghton
      Contact Number: 0860 011 011
      Email address: flisp[at]nhfc.co.za
      Website: http://www.nhfc.co.za

  88. i am twenty three yrs and live with my son and my partner,i earn+-2000 a month and im a south african citizen,me and my partner hv been together for eight yrs nw,we not married and we want to start a home for ourselves and i dnt hv any debts or accounts,do i quailify for a housing subsidy,plz help,the place we live in is unhygeinic da shacks are close to each other,there are no spaces left its croweded,an unsafe too because of the izinyoka nyoka,illegal electricity

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 2:35 pm

      Dear Dibuseng, since you earn less than R3,500 you need to check if you meet other criteria as you could qualify for an RDP house. This house is free and provided by the government. Contact your Provincial Department of Human Settlements for more information. You can also apply for a building loan to build a house on a vacant plot. To get the loan, most banks will want you to show proof of two years of continuous, formal employment for you to qualify for the loan, and will want you to have a good credit record.

  89. what do i do,where do i go to get accessed if i qualify for the,and i wuld like to know what happens to the mortage loan if i find a house less than R300 000 maybe one hundred and eighty thousand

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 6:54 pm

      Dear Dibuseng, if you qualify, in order to apply in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.
      NHFC application form: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.
      Your mortgage will depend on what you earn. If you are asking about the amount you will receive as part of the subsidy, and how much your bond repayment will be, you can visit the subsidy tables page on: http://housingfinanceafrica-old.dev/wp-content/uploads/2012/04/FLISP-subsidy-effective-1-April-2012.pdf

  90. My husband is earning 9000 after deduction I want to know if he qualifies to get a house

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 3:04 pm

      Good day Zamilie, your husband can qualify if he meets the following requirements: Your household must earn more than R3,500 but less than R15,000 a month and this is gross salary before deduction. He must be living with dependents. The house that he intends to purchase has to be his first house as according to law, you may only receive government assistance for housing once. He must either be a South African citizen or have permanent residency.
      If he does, then he needs to have applied for a home loan (also known as a mortgage) to qualify for FLISP. However, it may be tricky getting a home loan with his income; banks tend to not give home loans to low income households. I advise him to speak to the banks and to see if they are willing to give him a home loan, he can also try SA Home Loans and Housing Investment Partners.
      For more information please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  91. Hi Kecia

    I am 22, a newly graduate, I earn about R10150 gross. I have no dependents and no accounts yet. I want to buy myself a house, Do i qualify? if not. Please advice me on what i should do.

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 3:14 pm

      Dear Dieketseng, these are the requirements: Your household must earn more than R3 500 but less than R15 000 a month and this is gross salary before deduction. You must be living with dependents (wife, partner, child or be supporting your sibling). The house that you intend to purchase has to be your first house as according to law, you may only receive government assistance for housing once. You must either be a South African citizen or have permanent residency.
      According to the information you have provided you do not qualify. What you need to do is ensure that you work towards meeting all the requirements. Once that is done, you can apply for the subsidy as your salary of R10150 is within the stipulated salary bracket. Once that is done you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses.
      For more information please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  92. hi i want to know that do i come to your offices first or do i go to the bank to ask for the bond?

    1. Samuel Suttner on 10th March 2015 at 11:14 am

      Wendy,

      The NHFC, not us, are responsible for FLISP. To qualify for FLISP, you will first need a approved mortgage from a bank. The bank should be able to assist you with registering for FLISP. If not, you can find a contact number here: http://www.flisp.co.za/pdf/PROVINCIAL_AGENTS_CONTACT_DETAILS.PDF

  93. good day im a single mom of 2 working income is R7200 under debt review but i have a house that someone wanna sell to me for R280000 so i have savings that cover almost half of the price so i wanna know if i will qualify for the subsidy will await on your reply

    1. Centre for Affordable Housing Finance in Africa on 23rd September 2016 at 10:28 am

      Good day Anthea, your salary and you having dependents means that you qualify for the subsidy. However, it must also be your first house. You then need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). With regards to your savings, you can either raise the other half of the money by applying for an unsecured loan from Capitec, which is a general consumer loan, or through getting a home loan and using your savings as a deposit.
      Being black-listed or under debt review does not disqualify you from the subsidy, but it does affect your chances of qualifying for a home loan—a bank will not give you a loan if you are black-listed or over-indebted. We advise you to pay off your debt and clear your blacklisting before you apply for a home loan. The National Credit Regulator (NCR) can give you advice if you are in debt or are black-listed. You can contact the NCR for more information.

  94. Hi. i had called starndard bank to find out how much bond i could get and i was told R189 000. when i called for the flisp subsidy they told me i could get R74000.48 and cud use as a deposit giving me a total of about 263 000 to buy a house which seem very possible when talkin to the bank again they said i cant use the subsidy as a deposit and the 74000 will be paid into the home loan bringing in down to abut 115000. its kind of impossible to find a house for 189000 in PMB. if i purchase land then how can the subsidy help to build is there contractors that can build cheaper houses? i’m, stuck. renting is to expensive i pay almost R3000 for rent and cant get a bond to purchase a house with a bond of R2000pm. this really sucks. please could you try and give me alternate options. Thanks

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 3:58 pm

      Hello Demi, an alternative is that FLISP also allows for you to apply for a serviced stand. This stand will be free, but receiving it means you cannot get any further assistance from government. Once you receive the stand, it will be up to you to build on it. However, most municipalities or provincial offices have not yet implemented this but it is part of the FLISP policy. You will need to check what is possible in your area by contacting your municipality or your Provincial Departments of Human Settlements.
      If you already own vacant land, you can get a home loan to pay a NHBRC-registered builder to build a house. The FLISP would then work the same way as if you were buying a house, but the builder should help you apply for FLISP.
      Many people asked if they can receive the land and then use the subsidy to construct a home. This isn’t possible—you qualify either for the subsidy (for a home loan to buy a house or build one) or the free, serviced vacant plot, but not both.

  95. Hi I would like to know if my basic salary in more than 15000, but my take home after deduction on payslip is less than 15000, do I still qualify? I have three dependents.

    1. Centre for Affordable Housing Finance in Africa on 23rd September 2016 at 4:51 pm

      Dear Julia, the R15 000 is gross salary before deductions. As a result, you unfortunately do not qualify. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you.

  96. I am a mother of two earn R5000 and need a home around Gauteng

    1. Centre for Affordable Housing Finance in Africa on 23rd September 2016 at 4:36 pm

      Dear Melanie, first, you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses. With regards to area, you need to find a house to buy, and the seller needs to have a title deed. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own.

  97. Hi ,I get about 5600 and have 2 dependants,I would like to know if I could be able to afford a house with my salary,would also like to know how much worth the house would I qualify for and how much instalments am I looking to qualify for and please the house needs to be around Johannesburg.

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 4:08 pm

      Dear Brenda, if you meet all of the flowing requirements: Your household earns more than R3 500 but less than R15 000 a month and this is gross salary before deduction. You live with dependents (wife, partner, child or be supporting your sibling). You have applied for a home loan (also known as a mortgage). The house that you intend to purchase is your first house and you are either a South African citizen or have permanent residency.
      If you do, this is what your salary qualifies for:
      For R5500: For a loan term of 20 years and at a monthly repayment of R1 375,00, which is equivalent to 25% of your income, you qualify for a loan amount of R128 935, and R76 425 from FLISP. These equate to a house worth R 205 360.

  98. Hi there, I’m a single parent who raise my 3 kids on my own I have an income of R8000 after deductions and get maintenance for the kids of R3600. currently I’m renting a place to stay and that is about R3800 a month how can I make a plan to buy a place of our own and will I qualify

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 8:02 pm

      Dear Connie, earning R8000 means that you qualify with regards to the salary requirement, just as long as your income is not more than R15 000 before deductions. You also need to be living with dependents, so being a parent works in your favour. You need to apply for a home loan (also known as a mortgage) to qualify for FLISP. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. This is because the only way to access the FLISP is if you get it together with a mortgage loan at the same time. The house that you intend to purchase also has to be your first house.
      To apply in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.
      You can access the NHFC application form on: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf

  99. hi ive just cleared all my debt im on a b+ status with my credit I earn 3400 a month working permanatly for two years now can I get an subsidy if I want to buy a house its my first time buying how do I go about it I do have a little boy to

    1. Centre for Affordable Housing Finance in Africa on 23rd September 2016 at 5:45 pm

      Good day Roshana, since you earn less than R3 500, if you meet other criteria, you could qualify for an RDP house. This house is free and provided by the government. Contact your provincial department of human settlements for more information.

  100. and can you tell me where I can go in cape town for the subsidy

    1. Centre for Affordable Housing Finance in Africa on 23rd September 2016 at 5:45 pm

      Good day Roshana, with regards to the Western Cape we don’t know how applications work in this province. You will have to contact the Provincial Departments of Human Settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  101. hi am lieketseng I need to buy a house even rdp am earning 3700 before deductions after is 3500 I’m a single mother with 2 kids please advise me where to start am desperately need a house

  102. nicola breitenbach on 23rd May 2015 at 9:51 pm

    Where and when are the houses going to be built and how and where will I find out if I qualified or not

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 1:54 pm

      Dear Nicola, With regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house around Tembisa. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own.
      To qualify, your household must earn more than R3,500 but less than R15,000 a month. This is your household’s income (both you and your spouse’s income, or any relative you apply for a home loan with). And it’s gross salary before deductions. You must be living with dependants (married or habitually cohabiting, children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house as according to law, you may only receive government assistance for housing once. And finally, you must either be a South African citizen or have permanent residency.

  103. Hi!
    Am earning 6200 and they said I do qualify for subsidy. But I don’t have kids,, does that mean I might not get it? I need a house for 2 bed room 1 bath room and open plan kitchen. I want to do joint bond with someone which is going to be R13000. Shockingly they said I might pay R3500 monthly,, how am I going to pay that amount earning R6200? To me it’s just a normal bond. How true is that?

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 1:15 pm

      Dear Ivy, the requirement is that you need to have dependents, this means you must be living with a partner (either married or habitually cohabiting) or living with financial dependants. Financial dependents include: children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members. With regards to a joint bond, Your household must earn more than R3,500 but less than R15,000 a month. This is your household’s income (both you and your spouse’s income, or any relative you apply for a home loan with). And it’s gross salary before deductions. You say your joint bond will be R13000, for R13000: For a loan term of 20 years and at a monthly repayment of R3 250.00, which is equivalent to 25% of your income, you qualify for a loan amount of R 286 056, and R 31 775 from FLISP. These equate to a house worth R 317 831. This is because the bond has to be 25% of your stated salary, thus it is calculated according to your household income of R13000 not according to your R6200 individual salary.

  104. Hi,im earning 9 500 after deduction,would like o have my own house,aroud cape town.Can you please help me out,tired of renting.Thnak you.

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 12:38 pm

      Good day Nolukholo, earning R9 500 means that you qualify with regards to the salary requirement. You also need to be living with dependents (wife, partner, child or be supporting your sibling). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house as according to law, you may only receive government assistance for housing once.
      To apply in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  105. Hi I want to knw if I qualify for a subsidy.married with 3kids and salary of 10.000 a month.where do I apply in gauteng.I am renting for 3800 a month

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 2:57 pm

      Dear Ziphora, earning R10 000 means that you qualify with regards to the salary requirement. You also need to be living with dependents, thus being married with three kids works in your favour. You need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house as according to law, you may only receive government assistance for housing once.
      To apply in Gauteng you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself. This can be found at: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf

  106. Good day, my name is Mr Ananias Mothata, I have got R100 000.00 cash as I just got retrenched by the company called Edcon. I have got a current income of R 2200 and UIF. My wife is earning R 10 000.00 per month. I m Johannesburg-Soweto. How can you help us get a subsidy.

    1. Centre for Affordable Housing Finance in Africa on 23rd September 2016 at 10:33 am

      Good day Ananias Mothata, your total household income of R12200 falls within the financial bracket of the subsidy. What you now need to do is apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). However, it may be tricky getting a home loan with your income; banks tend to not give home loans to low income households. Though I advise you to speak to the banks to see if they are willing to give you a home loan.
      With regards to your retrenchment package payout you can use it to purchase a house, then you can either raise the rest of the money by applying for an unsecured loan from Capitec, which is a general consumer loan, or through getting a home loan and using the R100 0000 as a deposit.

  107. I need a house im earning 5400 basic and need a house im in joburg plz help I have a child

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 2:39 pm

      Good day Xolelwa, first, you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses. With regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house in Joburg. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own.

  108. Hi, I’m a 22 year old woman with a baby I’m earning R3500 and I’m renting a R1000 room I need to know that do i qualify for FLISP

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 2:32 pm

      Dear Minky, since you earn less than R3501 you need to check if you meet other criteria as you could qualify for an RDP house. This house is free and provided by the government. Contact your Provincial Department of Human Settlements for more information. Your salary is unfortunately not high enough to qualify for a FLISP subsidy. However, you can also apply for a building loan to build a house on a vacant plot.

  109. Hi am earnining 3500 per month and I started working did year in january.do I qualify to buy a house

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 3:49 pm

      Dear Nombuso, you may have a hard time trying to buy a house as most banks will want you to show proof of two years of continuous, formal employment for you to qualify for the loan, and will want you to have a good credit record.
      since you earn less than R3501 you need to check if you meet other criteria as you could qualify for an RDP house. This house is free and provided by the government. Contact your Provincial Department of Human Settlements for more information. Your salary is unfortunately not high enough to qualify for a FLISP subsidy. However, you can also apply for a building loan to build a house on a vacant plot.

  110. I’m 22 years single mom I have a 3 year old daughter and I’m earning 3700 so do I qualify

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 4:27 pm

      Good day Minky, earning R3700 means that you qualify with regards to the salary requirement. Having a child works in your favour as you also need to be living with dependents. You need to apply for a home loan (also known as a mortgage) to qualify for FLISP, though getting one may be tricky considering your income. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan.

  111. Hi, my husband is earning less than R3500 and I’m a student and we have two kids. We do have a small business that we have but it doesnt ake a lot money. We have never owned a house before. Can we qualify for an RDP house for free?

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 4:24 pm

      Dear Zameka, households earning less than R3500 per month and who satisfy a range of other criteria can apply for an RDP house. Your husband earning less than R3 500 means you should be able to apply for the RDP subsidy. This house is free and provided by the government. Contact your provincial department of human settlements or go to your local municipality and ask them about how to apply, and about the status of their waiting list.

  112. Hi Samuel, just a quick question – is the subsidy only for houses or flats as well. I’m looking at buying a flat.

    1. Dear Nompilo, The subsidy also applies to flats, as long as you qualify. See our latest post on FLISP here: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  113. I need to know if you earn R2000 a month and supporting 3kids do I qaulify for Rdp house ,from western cape

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 4:09 pm

      Dear Thabitha, households earning less than R3500 per month and who satisfy a range of other criteria can apply for an RDP house. According to your income, you should be able to apply for the RDP subsidy. To do this, go to your local municipality and ask them about how to apply, and about the status of their waiting list.

  114. I earn less than R2000 a month……do I qualify

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 4:03 pm

      Dear Ghouwa, households earning less than R3500 per month and who satisfy a range of other criteria can apply for an RDP house. According to your income, you should be able to apply for the RDP subsidy. To do this, go to your local municipality and ask them about how to apply, and about the status of their waiting list. FLISP is targeted at households earning more than R3501 and less than R15 000.

  115. Hi. I would like to know if I’m under debt review nd I’m earning abt R5500 can I stil qualify for the flisp housing subsidy

  116. HI, I am engaged and have a baby of 1 year. I live in western cape, I have an income of R7400 p/m and my partner R6500 can we qualify for this and how does it work?

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 5:49 pm

      Dear Samantha, your household income according to your comment is R13900, this means that you qualify with regards to the salary requirement. What you need to do is apply for a home loan (also known as a mortgage) to qualify for FLISP. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. The house that you intend to purchase also has to be your first house and according to law, you may only receive government assistance for housing once.
      Once you’ve secured the bond you need to apply for the subsidy: In the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC (contact details below). Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself. The form can be found on this link:http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements (contact details below) to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  117. Hi I don’t have any children but my mother and sister is living with me they I’m the bread winner in the family do my mother works can do you qualify as my dependents …

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 4:40 pm

      Dear Rezant Stollz, the requirement that you need to have dependents means you must be living with a partner (either married or habitually cohabiting) or living with financial dependents. Financial dependents include: children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members. Thus your mother and sister count as financial dependents.

  118. Sindiswa mfazwe on 9th December 2015 at 6:21 am

    i applied for 461000 cost house at mayfield daveyton and I am still waiting for aproaval I also want to apply for flips to assist me as my employer does not.my email adress is .sindiswrose123mfazee@gmail.com

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 12:34 pm

      Dear Sindiswa mfazwe, if you’ve already received transfer on the house that you bought – that is, if its already in your name – then you cannot access the FLISP any more. The FLISP doesn’t apply retrospectively, and you have to access it at the same time as you access the mortgage bond and buy your house. If the transfer has not yet gone through, then you might still apply. Take a look at the FLISP pamphlet and then call the NHFC – the numbers are on the pamphlet: https://dl.dropboxusercontent.com/u/25010335/NHFC/FLISP Information Pamphlet.pdf

  119. Good day

    I am staying in Bloemfontein and would love to have a house of my own. i am a single parent and earning R 14033.00 per month. Can you send me more information, or help me to get an affordable house. I am renting a house for R 3000.00 per month and would rather pay that money off on my own house.

    Thank you
    Me Heyns

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 12:32 pm

      Dear Dulcie Heyns, earning R 14033.00 means that you qualify with regards to the salary requirement. You also need to be living with dependents so being a parent works in your favour. You need to apply for a home loan (also known as a mortgage) to qualify for FLISP. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. The house that you intend to purchase also has to be your first house. However, you have to find a house that you can afford. Make sure you have a good credit record, and look at houses. This is because the only way to access the FLISP is if you get it together with a mortgage loan at the same time. To apply in the Free State, you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.
      NHFC application form: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf

  120. I need to buy a house for me and my two siblings and my three kids and im no married but because we are homeless after my mother died in 2008 my father married another wife in community of property and died 2013 now my stepmother has kicked us out of the house saying its her property.when we go to court they say we are now old we must look for our own property so I need to buy a house but I earning R3600 per month.please assist me as we now renting a small shack

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 12:13 pm

      Dear Maria. Unfortunately, a bank is unlikely to give you a home loan with your income. This means you won’t qualify for the FLISP subsidy. But speak to banks to see if it is an option. You also earn too much to qualify for a RDP house. Renting will be your best option. If you would like to own a house, I advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale) and build a house room-by-room. Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  121. Hello there kecia! I’m a 23 year old single male netting wages of 5500. Living with both unemployed parents, 6 siblings and 1 legal dependent. My credit record is moderate, still trying to sustain my profile… Will I even qualify for FLISP? Are there any offices around Port Elizabeth?

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 6:24 pm

      Dear Akhona, your salary of R5500 means that you qualify with regards to the salary requirement. It is also in your favour having dependents as this is a requirement. What may prevent you from getting the subsidy is that you need to apply for a home loan (also known as a mortgage) to qualify for FLISP and getting one may be tricky considering your income and age. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. With regards to your legal record you need to be aware that it does affect your chances of qualifying for a home loan as a bank will not give you a loan if you are black-listed or over-indebted.
      We do not know how applications work in the Eastern Cape. You will have to contact the provincial departments of human settlements to see if they offer FLISP on: 043 711 9601/9595/9598 or 043 711 9777/8.

  122. Hi there,Im currently earning between R4500 to R5000 and looking for a House in Sebokeng or Emfuleni (WC) Please keep me posted as im in need of a house that i can call my own.

    THANKS

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 4:41 pm

      Dear Michael, earning between R4500 and R5000 means you do qualify for the subsidy. However, you need to have dependents and this needs to be your first house. If the requirements are in order, what you need to do is apply for a home loan (also known as a mortgage) to qualify for FLISP. I advise you to speak to the banks and to see if they are willing to give you a home loan, you can also try SA Home Loans and Housing Investment Partners.
      With regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house around Sebokeng or Emfuleni. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own.

  123. i have applied for the RDP HOUSE in 2002 and i didnt get it,i did my follow up with department of housing in Johannesburg which i didnt get help.i am earning R8500 and i was under admin in 2014,i have paid and i am clean,do i qualify to apply for the house,i have two kids and my rent is R1850.PLEASE ADVISE

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 6:09 pm

      Dear Angie, earning R8500 and having dependents means that you qualify with regards to the salary and dependents requirements. What you need to do is apply for a home loan (also known as a mortgage) to qualify for FLISP, though getting one may be tricky considering your income. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. The house that you intend to purchase also has to be your first house and, according to law, you may only receive government assistance for housing once.

  124. Hi, i’m a woman of 33 and engage to someone. I really want a house, I’m tired of renting. My dependents is my 2 niece. I did apply for this flisp housing in 2014 it was introduced by ANC people in Harrismith.

    we submitted applications but we haven’t heard nothing from them and I’m now permanently staying in Bloemfontein would like to have it in Bloemfontein. What must I do? My income is 9000.

    Victoria

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 2:17 pm

      Dear Victocria, in the Free State, the NHFC must contact you within 21 days of your application. Since you have not received a response, you can contact the NHFC to assist you. A common problem is that many people are awarded the subsidy but do not follow up to receive the funds (once the transfer has gone through). This may apply to you, we suggest you first contact Mathews Sidu (email: mathewss@nhfc.co.za | contact number: 011 644 9800). If you cannot get hold of Mr. Sidu, contact Oupa Mareletse (email: oupam@nhfc.co.za | contact number: 011 644 9800).

  125. Hi i recently qualified for housing am divorced and have 2 children my. Valuation of the house is 350 000 but home loan is 499 000. Is there no way to qualify for a flisp subsidy? Or anything else?

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 2:10 pm

      Dear Kauthar, to qualify your household must earn more than R3,500 but less than R15,000 a month. This is your household’s income (both you and your spouse’s income, or any relative you apply for a home loan with). And it’s gross salary before deductions. You must be living with Dependants (married or habitually cohabiting, children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house. And finally, you must either be a South African citizen or have permanent residency.

  126. I would like to know if these houses are available in JHB and what are the criteria’s and credentials that are needed in order to qualify to get them.

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 1:59 pm

      Dear Vusi, with regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house around Johannesburg. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own. To qualify you need to meet the FLISP requirements: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  127. Hi
    I am a single mother with 2 dependants.
    1 is going to college the other is in grade 11. i used to stay with my mum who has passed away last year. i need my own house. i need to know how do i apply or qualify for a subsidy.

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 7:19 pm

      Dear Charmane, to qualify your household must earn more than R3,500 but less than R15,000 a month. This is your household’s income (both you and your spouse’s income, or any relative you apply for a home loan with). And it’s gross salary before deductions. You must be living with dependants (married or habitually cohabiting, children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house and, according to the law, you may only receive government assistance for housing once. Finally, you must either be a South African citizen or have permanent residency.
      To apply in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC (contact details below). Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself. The form is available at: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements (contact details below) to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  128. Hi
    I just want too know my boyfriend is earning R1200.00 per week,he already filled forms in at the Housing office @ Bellville,will he qualified for the RDP houses or must he make a other plan,we do have 3 children’s and he have a clothing account thats only 2months old.He is credit clear.
    Thanks
    Maryna

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 1:42 pm

      Dear Mary-Ann, according to what you’ve said, your boyfriend earns about R4800. A bank could give him a home loan if he has something to buy, especially in the resale market where you can find houses for R100 000 (see Gumtree). Speak to the banks to see what other options they may have for you. He also earns too much to qualify for a RDP house. If you don’t want to rent, I advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale). Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  129. Hi Samuel,

    Was wondering if anyone would qualify for this subsidy after home purchase has been made….Can you still apply for this subsidy if you already in the house…months, years after???

    Thanks

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 1:32 pm

      Hello Shireen, if you’ve already received transfer on the house that you bought – that is, if its already in your name – then you cannot access the FLISP any more. The FLISP doesn’t apply retrospectively, and you have to access it at the same time as you access the mortgage bond and buy your house.

  130. HI I EARN ENOUGH TO GET ANY HOUSE I NEED BUT PROBLEM FOR BEING AFRAID ON LOAN / CREDIT IT HARD NOW TO GET HOUSE OF MY DREAMS… CAN YOU ASSIST?

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 1:30 pm

      Dear Bongani, what is it exactly that you are afraid of? Can you please provide more detail. If it is with regards to loans, don’t be scared. A mortgage is how the majority of people finance their housing in South Africa, so it is a common thing.

  131. I’m married m monthly income is 4400 can I get a houseloan of 2000.00

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 4:54 pm

      Good day Romancia, for a total household income of R4400: For a loan term of 20 years and at a monthly repayment of R1 125,00 which is equivalent to 25% of your income, you qualify for a loan amount of R 105 492 and R 82 300 from FLISP. These equate to a house worth R 187 792.
      Thus if you want a house worth R200 000 you have to save up or get an increase in your salary which will in turn help you qualify for a higher loan amount.

  132. Jonathan Ruiters on 16th March 2016 at 4:45 pm

    Please confirm if you can buy repossessed homes under the value of R300 000 and still receive the FLISP Subsidy. Me and my wife earn A joint salary of R10500.

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 6:50 pm

      Dear Jonathan Ruiters, the house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP), or on the resale market (which is an old house that is being resold).This house can cost any amount that you can afford (even more than R300,000).

  133. hi iam a 37 year old male earning 7800 a month do I quailify for buying a house of how much and please advice which steps must I first take and where must I go in need of your help please

    1. Centre for Affordable Housing Finance in Africa on 22nd September 2016 at 4:59 pm

      Good day Prince, earning R7 800 means that your household income falls within the financial bracket required by the subsidy. However, further requirements are that you need to have dependents and the house you want to purchase must also be your first house. You then need to apply for a home loan (also known as a mortgage) to qualify for FLISP. However, it may be tricky getting a home loan with your income; banks tend to not give home loans to low income households. I advise you to speak to the banks and to see if they are willing to give you a home loan, you can also try SA Home Loans and Housing Investment Partners.
      With regards to steps, in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the Provincial Departments of Human Settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.
      As to how much you qualify for; for a total household income of R7800: For a loan term of 20 years and at a monthly repayment of R1 875,00 which is equivalent to 25% of your income, you qualify for a loan amount of R 175 820 and R 64 575 from FLISP. These equate to a house worth R 240 395.

  134. Hi my name is thembisile a mother of three children I’m earning R4600.monthly so would like to know weather I can afford to buy a home myself thanks ur help will be highly apreciated.

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 1:12 pm

      Dear Thembisile, a bank could give you a home loan if you have something to buy, especially in the resale market where you can find houses for R100 000 (see Gumtree). Speak to the banks to see what other options they may have for you. If you don’t want to rent, I advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale). Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  135. Hi I’m earning R6500 and want to buy a house in Eersteriver, do I qualify for a subsidy and how do I go about getting a place.

  136. Hi There im engged to be married. Me and my Fiance lives together and with his basic salary he qualify for a home loan of R130 000 and thats not suffient to purchase a house and for a council house he pays to much…what do we do if we want to purchase a house worth R210 000- R250 000.. We have a 2year old daughter and i only started to work now recently. We never owned a house before and never owned any property before. We would like to buy a house but does not qualify for anything more than R150 000 by the banks and cannot qualify by the council, because his salary is way more than R3500 p.m… Do we qualify for the FLISP and what do we need to do to apply for it to purchase a house….

    Desperate please HELP!!!

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 2:58 pm

      Good day Charnay, to qualify your household must earn more than R3,500 but less than R15,000 a month. This is your household’s income (both you and your spouse’s income, or any relative you apply for a home loan with). And it’s gross salary before deductions. You must be living with Dependants (married or habitually cohabiting, children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house. And finally, you must either be a South African citizen or have permanent residency.
      If you qualify, to apply in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself. You can access the application form at: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  137. Kgotlelelo Makhubedu on 11th April 2016 at 4:37 pm

    Good day

    Kindly assist, I want to know if I can qualify for a house around Tembisa or Pretoria for 3000 per month or less, I earn 7359.00 after deduction.
    I do see lot of houses but they are too high prices for me.

    Regards
    Kgotlelelo

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 1:11 pm

      Dear Kgotlelelo Makhubedu, with regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house around Tembisa or Pretoria. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own. With regards to what you qualify for, for R7 500: For a loan term of 20 years and at a monthly repayment of R1 875.00, which is equivalent to 25% of your income, you qualify for a loan amount of R 165 032, and R 64 575 from FLISP. These equate to a house worth R 229 607. This is because the bond has to be 25% of your stated salary, 25% of R7500 is of R1 875.00 a month. You need to also be aware of the fact that the subsidy is calculated before deductions.

  138. Hi, i am in desperate need to buy a house for my family. My current salary is R13 754 pm and is interested in the Walmer/Fairview Link apartments. Will I qualify for a house, thanking you?

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 12:55 pm

      Dear Fatima, earning R13 754 means that you qualify with regards to the salary requirement. You also need to be living with dependents so having a family works in your favor. You need to apply for a home loan (also known as a mortgage) to qualify for FLISP. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. The house that you intend to purchase also has to be your first house and, according to the law, you may only receive government assistance for housing once.
      With regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house around Walmer/Fairview. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own.

  139. Hi I am already have the bond that was registered under my name on the 14-04-2016 but now my question is do I still qualify for flip

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 12:50 pm

      Dear Fikile Sogoni, if you’ve already received transfer on the house that you bought – that is, if its already in your name – then you cannot access the FLISP anymore. The FLISP doesn’t apply retrospectively, and you have to access it at the same time as you access the mortgage bond and buy your house. This means the only way to access the FLISP is if you get it together with a mortgage loan at the same time. If the transfer has not yet gone through, then you might still apply. Take a look at the FLISP pamphlet and then call the NHFC – the numbers are on the pamphlet, to find out more.

  140. Hi I am in are look for are house in flisp housing,where can I apply an how can please help me

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 2:43 pm

      Dear James, to apply, in the Free State, Gauteng, Mpumalanga, North West or the Northern Cape: you should submit a completed application form to the NHFC. Banks, estate agents and developers may help you with this, but if they won’t you will have to do it yourself.
      NHFC application form: http://www.nhfc.co.za/images/pdf/FLISP-Application-Form.pdf
      In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  141. hi my name is rashieda dawson ,we as a family would like to no if we do qualify for da subsidy

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 7:23 pm

      Dear Rashieda, to qualify your household must earn more than R3,500 but less than R15,000 a month. This is your household’s income (both you and your spouse’s income, or any relative you apply for a home loan with). And it’s gross salary before deductions. You must be living with Dependants (married or habitually cohabiting, children, grandchildren, parents, grandparents, sisters or brothers under 18, and unwell extended family members). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP. This can be done through a bank (Absa, Nedbank, Standard Bank or FNB) or through a company that offers home loans (SA Home Loans or Housing Investment Partners (HiP)). The house that you intend to purchase also has to be your first house and according to the law, you may only receive government assistance for housing once. And finally, you must either be a South African citizen or have permanent residency.

  142. hi There

    I am mom of 2, living with my partner for 4 years now, my problem is i do not qualify for a RDP house and i earn too little to qualify for a bond house. I am currently renting a flat in Lenasia, GP and i am paying R4500, can anyone assist me and guide me on how do i go about getting a home for my family please and also assist me in getting a government subsidy please.

    thank you

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 2:45 pm

      Dear Ivy Phiri, what is your monthly income? If you are paying R4500 you should be able to qualify for the subsidy as it requires that the monthly repayments be 25% of your income. For more information please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  143. I’m looking to a house around jhb I’m earning 4000 e month

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 2:39 pm

      Dear Pilate, with regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house in Johannesburg. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). A bank could give you a home loan if you have something to buy, especially in the resale market where you can find houses for R100 000 (see Gumtree). Speak to the banks to see what other options they may have for you. Renting is another option.

  144. hi my husband is a security and he is earning 5000 per month we have 5 children stays in a rented one room are we qualify and am not working.

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 2:36 pm

      Dear Cecilia, a bank could give you a home loan if you have something to buy, especially in the resale market where you can find houses for R100 000 (see Gumtree). Speak to the banks to see what other options they may have for you. Renting is another option. I also advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale) and build a house room-by-room. Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  145. Hi I am a single mother with three kids and are divorced.I am living in a shack with my kids. My ex- husband received the house after the divorce that we bought together and refuse to remove my name from the bond. I am earning about R12000 per month and would like to know if I also do qualify for this opportunity as I am desperate.

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 2:24 pm

      Dear Andrea, your salary does fall within the salary bracket. However, the house that you intend to purchase has to be your first house. Therefore if you have previously had a property registered under your name, you will not qualify for FLISP. This is both for you and the person you apply for the loan with, in this case it applies to both you and your husband, unfortunately.

  146. Can I apply for low cost house if I’m blacklisted but working?

    1. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 7:34 pm

      Dear Gladness, being black-listed or under debt review does not disqualify you from the subsidy, but it does affect your chances of qualifying for a home loan—a bank will not give you a loan if you are black-listed or over-indebted. We advise you to pay off your debt and clear your blacklisting before you apply for a home loan. The National Credit Regulator (NCR) can give you advice if you are in debt or are black-listed. You can contact the NCR for more information.

  147. hey kecia,I applied for subsidy in February this year and I haven’t heard anything from department
    of housing so my question is how long maybe are they taking to fund or respond?

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 2:59 pm

      Dear Tefo, If you live in Free State, Gauteng, Mpumalanga, North West or the Northern Cape: the NHFC must contact you within 21 days of your application. If you have not received a response, you can contact the NHFC to assist you.

  148. Good Sam

    I earn R5000 will i qualify for any subsidy around johanessburg and how much will I be paying?, I have a 5 year old daughter and not married. I have one account that is in ITC but intend of paying it off this month. will i still qualify?

    1. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 3:49 pm

      Good day Nomsa, a bank could give you a home loan if you have something to buy, especially in the resale market where you can find houses for R100 000 (see Gumtree). Speak to the banks to see what other options they may have for you. Renting is another option. If you don’t want to rent, I advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale). Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  149. please get me a property with a title deeds which is R120 000

    1. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 4:25 pm

      Dear mlungisi nyoka, you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses. To know what you qualify for, take a look at your salary and look at the subsidy tables page at: http://housingfinanceafrica-old.dev/wp-content/uploads/2012/04/FLISP-subsidy-effective-1-April-2012.pdf

  150. Centre for Affordable Housing Finance in Africa on 24th September 2016 at 3:55 pm

    Good day Gcobani, being on debt review does not disqualify you from FLISP but it does affect your chances of qualifying for a home loan—a bank will not give you a loan if you are black-listed or over-indebted. We advise you to pay off your debt and clear your name before you apply for a home loan. The National Credit Regulator (NCR) can give you advice if you are in debt or are black-listed. You can contact the NCR for more information. Once you have cleared your name you can apply for FLISP as your salary of R5500 falls within the salary range of R3 500 – R15 000 of the subsidy.

  151. Centre for Affordable Housing Finance in Africa on 27th September 2016 at 1:16 pm

    Dear Ricardo, earning R6500 means that you qualify with regards to the salary requirement. You also need to be living with dependents (wife, partner, child or be supporting your sibling). Then you need to apply for a home loan (also known as a mortgage) to qualify for FLISP , though getting one may be tricky considering your income. Speak to the banks (Absa, Nedbank, Standard Bank or FNB), SA Home Loans or Housing Investment Partners to see if they would give you a home loan. The house that you intend to purchase also has to be your first house.
    With regards to area, you need to find a house to buy, and the seller needs to have a title deed. Thus it is up to you to find a house around Eersteriver. This house can cost any amount that you can afford (even more than R300,000). The house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold). If you can’t buy a house, FLISP can be used to build a house on a vacant stand that you already own.

  152. Centre for Affordable Housing Finance in Africa on 28th September 2016 at 11:52 am

    Dear Lieketseng. Unfortunately, a bank is unlikely to give you a home loan with your income. This means you won’t qualify for the FLISP subsidy. But speak to banks to see if it is an option. You also earn too much to qualify for a RDP house. Renting will be your best option. If you would like to own a house, I advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale) and build a house room-by-room. Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  153. Please find me house in port Elizabeth for R230 000

    1. Centre for Affordable Housing Finance in Africa on 10th October 2016 at 11:48 am

      Dear Portia, you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses. To qualify for FLISP your household must earn more than R3,500 but less than R15,000 a month and this is gross salary before deduction, if you meet the other requirements you can apply for the subsidy. For more information please visit: http://housingfinanceafrica-old.dev/blog/flisp-answering-your-questions/

  154. i need a house and im earning 5000 and the house im looking for is around 150000 can u help me i stay in cape town please help me

    1. Centre for Affordable Housing Finance in Africa on 10th October 2016 at 11:43 am

      Dear Thusanang, a bank could give you a home loan if you have something to buy, especially in the resale market where you can find houses for R100 000 (see gumtree). But speak to the banks to see what options they have for you. You also earn too much to qualify for a RDP house. Renting will be your best option. If you would like to own a house, I advise getting some land (speak to municipalities or province to see if they have a programme allocating stands, or look for a serviced stand for sale) and build a house room-by-room. Then you can slowly build a house, room-by-room. You can get small loans in most building material shops to help you finance the construction.

  155. Im earning R6000 a month where do i start to buy i house

    1. Dear Marvin, first you have to find a house that you can afford. Speak to the banks, SA Home Loans or Housing Investment Partners (HiP) to see what they would be willing to give you. Make sure you have a good credit record, and look at houses. Once you’ve found a house and if you meet the other requirements for FLISP, you can apply for it.

  156. hi kecia I’m eastern cape is this also available here

    1. Hello Pateka Mlawu, the FLISP is now available to households buying homes on the resale market, in Gauteng, KwaZulu Natal, Free State, Eastern Cape and the Northern Cape; with North West and Mpumalanga soon to follow. You need to find a house to buy, and the seller needs to have a title deed. This house can cost any amount that you can afford (even more than R300,000). Thus the house can be from a new development (some developers already have deals with NHFC, which makes it easier to access FLISP, you can contact the NHFC for more information) or on the resale market (which is an old house that is being resold).In the Eastern Cape, Kwa-Zulu Natal, Limpopo or the Western Cape: we don’t know how applications work in these provinces. You will have to contact the provincial departments of human settlements to see if they offer FLISP. They will advise you if they are granting FLISP subsidies.

  157. Boitumelo kwenampe on 16th February 2018 at 6:07 pm

    Good day my name is Boitumelo Kwenampe I am working man and I want to see myself achieve my dreams of buying a house I am earning 6500 monthly and my partner is earning 5500 monthly and we ready to buy a house I am clean from itc

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