FLISP, or the Finance Linked Individual Subsidy Programme, is a South African government initiative aimed at helping low to moderate-income earners own homes. This subsidy assists individuals in covering their housing costs, making homeownership more accessible for those who may struggle to afford it otherwise. Here’s how you can fill out the FLISP application form and apply for financial assistance with your home purchase.
What is FLISP?
FLISP, now known as First Home Finance, aims to bridge the gap between available funds and the cost of the property, reducing the initial mortgage loan amount required to purchase a home.
How to Apply for FLISP Subsidy:
- Contact the Department of Human Settlement: Apply for the subsidy at your local Human Settlement office once you are pre-approved for a home loan. You can also apply online via the First Home Finance Application portal or call 010 085 2199.
- Prepare Necessary Documents: Along with the application form, you’ll need certified copies of various documents such as identity documents, marriage certificate or divorce order, dependents’ birth certificates, proof of income, bond approval, and others as listed in the application requirements.
Eligibility Criteria:
To qualify for the housing subsidy, you must meet specific criteria:
- Gross household income between R3501 and R22000 per month.
- Over 18 years old and competent to contract.
- Never owned fixed residential property before.
- Never received a government housing subsidy before.
- Married, cohabiting, or single with financial dependents.
- South African citizen or permanent residency permit holder.
Options for Home Acquisition:
You have three options for utilizing the FLISP housing subsidy:
- Purchase an existing, new, or old residential property.
- Build a home on a self-owned serviced residential site.
- Buy a vacant serviced residential site linked to a registered homebuilder with the National Home Builders Registration Council (NHBRC).
Application Process Duration:
The process typically takes about seven working days from submission of the application form. The FLISP department should inform you of the outcomes within 21 days of application.
Factors Affecting FLISP Acquisition:
The subsidy amount depends on factors like income, property cost, family size, and affordability, which can vary by region and over time.
Benefits of FLISP:
FLISP offers several benefits including increased affordability, reduced mortgage costs, assistance for first-time homebuyers, stability and security, wealth accumulation, long-term savings, customisation and freedom, financial empowerment, and access to better housing options.
Conclusion:
Owning a home is a significant decision, and FLISP aims to make it more achievable for those with limited financial means. Remember to do thorough research, consider your options, and seek professional guidance if needed.
Disclaimer: This article serves as general information and should not substitute professional advice. Any action taken based on this information is at your own risk.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.
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