Building a house with a low Schufa score

2020-10-16 08:09:43

So we planned 110 sqm solid construction KFW 55 The additional costs include the demolition of a building.

2,000 € /sqm and KFW55? Read the construction performance description carefully. There might be extra costs.

2020-10-16 08:12:37

The low score could also be due to the residential area, right? The property is still the leasehold property of the parents? Then it probably should not count as equity?

No, it is a different property

2020-10-16 08:13:45

2,000 € /sqm and kfw55? Read the construction service description carefully. Just in case there are extra costs.

Thank you, we will do that

2020-10-16 08:40:13

If there is no negative entry in the [Schufa], this should not be a problem for the main bank or local banks. The project just needs to be calculated reliably and fit the available budget.

2020-10-16 08:45:06

If there is no negative entry in the Schufa, this should not actually be a problem for the house bank or local banks. The project just has to be calculated seriously and fit the available budget.

Hello, no negative entry. The developer is known to us. My sister, as well as several acquaintances, have already built with him. The costs have always been accurate so far, without additional costs.

2020-10-16 08:48:22

The credit card limit has no influence on the Schufa score. I have three cards with limits between 6,000-8,000 euros. It has no effect. Especially if you travel frequently, a credit card with a somewhat higher limit is necessary (rental car, etc.). When applying, the score might go down a bit, but it normalizes through regular payment of the credit card bill. It’s similar with this small consumer loan. You can check specialized forums if necessary.

That's how it is. Because of my business trips, I also have 2 cards each with a 4k limit. The Schufa was fine when applying for the house financing. I have had the cards for 5 years now. The overdraft was raised to 10k during the construction period. That also had no effect.

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Building a house with a low Schufa score

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