Apply for KFW 153 after purchasing land?

Good evening,

we are about to purchase a plot of land.
Due to municipal regulations, we are required to build at least a KFW 55 house.
The planning with all the companies is not yet far enough along for us to know exactly what the house will look like. This will certainly take a few more appointments.
So we have no way to obtain the "confirmation for the application (BZA)" for applying for the kfw153 funds.

Now to our problem:
we want to sign the financing before signing with the notary. The notary appointment is already next week.

For the project we want the following loans:

500,000 euro bank loan
KfW 124: 50,000 euro
KFW 153: 100,000 euro

Our banker now says that we can sign the 500,000 euro bank loan and apply for the kfw124 loan, so that the land purchase and the bank loan would be secured. We could still apply for and be approved for the kfw153 loan afterwards (within 3 months after signing with him).
Since we have to build a KfW 55 house (or better) anyway due to municipal requirements, there would be no doubt regarding the approval and receipt of the kfw153 loan.

My question now is whether anyone here knows if it is actually possible to first sign with the bank, purchase the land, and after acquiring the land – before starting construction – still apply for the KfW153 loan?

Best regards and many thanks in advance.

Rabbit

For what reason are you finalizing the financing already? You neither know the construction costs nor the schedule for the construction. That inevitably means you will incur commitment interest.

If it is going to be this bank anyway, then finance the land there and all these problems won’t even arise.

First, only finance and buy the plot of land.

Then specifically plan the house construction and finance it separately, then the KfW153 can be applied for. The house must be fully planned because the energy consultant must confirm KfW55 for exactly that house.

Hello Rabbit

On the one hand, I can tell you that the application must be submitted to the [kfw Bank] before the start of construction (the approval process can sometimes take up to 4-6 months), but construction does not begin with the purchase of the land. Furthermore, you should actually complete the planning and everything else before the start of construction so that you can then present to the bank how much you need (a stronger negotiating position than saying "we want this much without knowing if it is enough"). But it doesn't matter, it has already happened now.

As someone mentioned before, the house should be planned so that the [Gebäudeenergieberater] can give their approval and can commission the contracts.

I hope you have gotten good advice so that you don't miss out on any subsidies from the government, because there are more than just the loans.

If you have any further questions, I will be happy to answer them for you.

Best regards Ricco Neugebauer