Financing single-family house in southern Lower Saxony - SPK on strike!

I don't understand that.
So ING estimates the house at €320,000? And you only need €220,000? Where is their problem? That is a loan-to-value ratio of 70%.

The remaining €240,000 come subordinated from the KfW. Actually, they should say, great.

There are probably only very few banks (including Volksbank) that calculate it the same way. All others, as we were told, grant the total loan themselves and only refinance through the KfW. Due to the high effort, it is apparently not a big business for the banks and therefore not attractive.
But maybe the forum can explain the background. Perhaps we misunderstood something there.

I would urgently consider changing the "broker" or, preferably, approach the local banks myself...

There are probably only very few banks (including Volksbank) that calculate it the same way. All others, as we were told, grant the total loan themselves and only refinance through KFW. Due to the high effort, it is probably not a big business for the banks and therefore not attractive. But maybe the forum can explain the background. Perhaps we also misunderstood something.

Our broker told us quite differently.... just as bratak described it.

Interesting. But then I understand it even less... Just today I spoke personally at the Commerzbank. If we put in 75k more equity, the loan-to-value ratio would drop below the 80% limit. However, the offer was again worse than all previous ones (1.6/1.11). So they also did not treat the KFW portion amounting to 240k as subordinate.

There are probably only very few banks (including Volksbank) that calculate it the same way. All others, as we were told, grant the total loan themselves and only refinance through the KFW. Due to the high effort, it is probably not a big business for the banks and therefore not attractive. But maybe the forum can explain the background. Perhaps we misunderstood something.

We just financed with DSL (Deutsche Bank) and they do it the way I say. Instead of 2 KfW components, we only have IB.SH as a public credit institution that ranks subordinated in the land register.

Interesting. But then I understand it even less... Just today I spoke in person at Commerzbank. If we invest 75k more equity, the lending value would fall below the 80% limit. But the offer was again worse than all previous ones (1.6/1.11). So they also did not treat the KFW portion of 240k as subordinated.

Just address that very specifically in the next conversations.

A brief research yielded the following: "The question of whether a KfW loan is worthwhile cannot always be answered with a clear 'yes.' In principle, yes, but it depends on the individual case. Some banks consider KfW funding almost as a 'substitute for equity' because they are not directly liable for the loan, while others do not, as it depends on the liability demarcation in the overall consideration of the loan-to-value ratio. If the financing is borderline without KfW funding, then the bank can also be held liable if the loans default."

The DSL would be an alternative if two Volksbanken also reject.