Do you think home ownership is out of your reach because your salary is too low?

Well, with a FLISP subsidy, this could be your opportunity to get a home of your own.

We have teamed up with Fine Home Connect and The Orchards Security Village to bring you this unique opportunity in Crystal Park, Benoni. Our role is to help potential buyers get home loans and we may be able to help you too.

There is a choice of refurbished: studio, 1 bedroom, 2 bedroom and 3 bedroom townhouses for sale from R349 750 to R714 500 - including all transfer costs (meaning you will save up to R 34 000 in upfront costs) and now with FLISP subsidies affordability will be even better.

Normally to qualify you will need to earn a gross salary of at least R 12 000 to buy a studio unit and R 25 000 to buy a 3 bed duplex.

With FLISP you could qualify for the studio unit with a gross salary as low as R 7 900 and could afford a 3 bed duplex if you earn only R 21 900.

So, how does FLISP work...

The subsidy is calculated according to your gross income before deductions. Your income before deductions must be between R7 900 and R22 000 (not a cent more) and you can combine your subsidy with a home loan to buy a home at The Orchards.

To qualify for FLISP you:

• Have to be a first time home buyer
• Must have a financial dependant
• Can never have claimed any other housing subsidy such as a RDP house
• Need to be a South African Citizens over the age of 18

If you complete the enquiry form on The Orchards website we will be able to help calculate your qualification amount and your subsidy amount (if you are eligible).

Let’s have a look at some examples of how much you have to earn to qualify for these units and what subsidy you will be able to get...

EXAMPLE 1 - Studio unit: R349 750.

Salary needed to qualify for a home loan of R349 750 excluding subsidy: R12 100

Salary needed to qualify including subsidy: R7 900

So with a basic salary of R7 900 you will receive a subsidy of R98 725 and  your home loan will only be R251 025.

EXAMPLE 2 - 2 Bedroom, 2 bathroom simplex unit: R549 775.

Salary needed to qualify for a home loan of R549 775 excluding subsidy: R18 916

Salary needed to qualify including subsidy: R15 800

So with a basic salary of R15 800 you will receive a subsidy of R58 647 and  your home loan will only be R491 179.

EXAMPLE 3 - 3 Bedroom, 2 bathroom duplex townhouse: R714 500.

Salary needed to qualify for a home loan of R714 500 excluding subsidy: R24 583

Salary needed to qualify including subsidy: R21 900

So with a basic salary of R21 900 you will receive a subsidy of R26 376 and your home loan will only be R491 179.