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First Home Finance

Formerly known as FLISP - developed by Department of Human Settlements

If your income is too high to qualify for the government free-basic housing, but too low for specific mortgage finance, First Home Finance (Flisp) might enable you to buy or build your first home.
Application for normal finance are still done on a specific property, through your MortgageMax Madré consultant.   Once you have your approval, you apply for the First Home Finance option.
Once your First Home Finance application is then approved, arrangements are made to either pay this money to the transfer attorneys, or directly to your home loan account once registered.
Certain criteria applies, for example:
* First time home-owners only;
* Household earnings between R3 501 and R22 000 per month;
* SA citizen over 18 years.


If you think that you might qualify for this option, download the detailed brochure below for more information or get in contact with MortgageMax Madré to assist with queries you might have.

This money approved by First Home Finance is not a loan!

Download Brochure

Remember to make use of this option!  Don't loose out on this opportunity as it is only offered to first time buyers.  You can get out funding in the range of R30 001 and R130 505.  These funds can assist with a reduced home loan - making your monthly repayment lower!

                                                               
                                                                              Terms and Conditions