FLISP offers down payment guidelines in the form of an offer so you’re able to Qualifying Beneficiaries, that happen to be during the an economic reputation in order to safer a home loan (Home mortgage) away from a lender (Bank) to locate a home.
Brand new FLISP subsidy try a just after out-of payment in fact it is simply accessible to a qualifying Recipient (prospective consumer) who’s in addition to eligible to a home loan from a bank to find property and you will just who matches new Qualifying Criteria.
* RSA Resident: He’s legally citizen in the Southern Africa (i.age. citizen of your own Republic of South Africa or in hands from a long-term household allow.
The fresh new FLISP subsidy decreases the level of the loan called for of the financial institution, therefore helping to make the newest month-to-month financing payment instalments less costly along side Financing payment term
* Qualified to package: They are lawfully competent to package (i.age. 18 yrs . Read More