Estimate credit limit for property purchase

Then you don’t have a 92% loan-to-value ratio!

I don’t really have to justify myself here, but we want transparency for those seeking help. Therefore, I am happy to clarify: yes! See attached file. Positions underlined in yellow are deducted by the bank from the loan value, so they must be fully borne by oneself and accordingly deducted from equity. The remaining amount of equity in relation to the remaining costs is about 8% -> thus a loan-to-value ratio of 92% (values are rounded)

2% on 20 years would currently be very, very good conditions. I would only expect this with <60% financing. You had written that 10% equity is there. However, that is completely used up for ancillary purchase costs (or is not enough for that yet, I had estimated those at €40K in the scenario with a broker), so I assumed 100% financing.

Fairly, I have to add that I assumed a fixed interest period of 15 years. In the end, however, it does not make a dramatic difference.

So, three weeks ago we concluded financing at the Volksbank with a loan-to-value ratio of 92% and an amount of €445K at 2.39% over 30 years. Therefore, 2% might be optimistic, but not completely unrealistic.

We were also at the Volksbank. The place doesn’t seem totally wrong ;) I find your terms very accommodating given the high loan-to-value ratio. Does KFW perhaps play into your hands here?

Could the KfW possibly be playing into your hands there?

It wouldn't have made a difference for us because we are building in Lower Saxony. In Hamburg or Schleswig-Holstein, it could have counted as equity via promotional banks. Although the Volksbank had the best conditions for us, 3-4 others we were in contact with were between 2.6 - 2.8% for 30 years. I just wanted to show that conditions don't always have to be so bad. You just have to ask a few banks or go to a broker.

Thanks for the insights. It's nice to see what's possible, and that "no, that won't work" statements are disproven here with evidence. It was already embarrassing enough for Goldi0911 to call others liars ... Probably didn't get a mortgage themselves or didn't get a good one, and now envies others their advantage.

Had a conversation at a bank today regarding financing. I was also confirmed here that the KFW shares are counted as equity and thus the loan-to-value ratio of the regular bank is significantly better. Just crazy thinking but good for every builder who wanted to build with kfw anyway or meets the standard.

What kind of bank was that?