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You can own your home!

As from 1 April 2022, persons who in the past could not qualify for FLISP, due to them not qualifying for a home loan or mortgage, will now be able to utilise other sources of finance to acquire a property.
Amongst others, residents with a household income of R 3 501 – R 22 000 per month will be able to access FLISP through:
– the beneficiary’s pension/provident fund loan
– a co-operative or community-based savings scheme, i.e. stokvel
– the Government Employees Housing Scheme
– any other Employer-Assisted Housing Scheme
– an unsecured loan
– an Instalment Sale Agreement or Rent-to-own Agreement