Financing via KFW 55 or still from the bank?

Hi everyone,

we are currently in the process of submitting the building application.
Financially, I now have all the offers + buffer in the house
and the construction cost including the land will be around +/- 750,000 euros.

Through the sale of 2 semi-detached houses and equity, I come to just under 715,000 euros, so I need
financing of +/- 35,000 euros.

The house will be built in a timber frame construction and corresponds to KFW 55.

Is it worthwhile to take out a KFW 55 loan of, for example, 120,000 euros to receive the subsidy amount - but then I still have to pay the energy consultant?

Will a bank even issue the KFW application if I don’t need any other financing??

Or is it better to temporarily finance the missing amount short-term?

What would you advise me?

Hi everyone, we are currently in the process of submitting the building application. Financially, I now have all offers + buffer in the house and the construction sum including the land will be around +/- 750,000 Euros. Through the sale of 2 semi-detached houses and equity, I have nearly 715,000 Euros, so I need financing of about +/- 35,000 Euros. The house will be built in timber frame construction and corresponds to KFW 55. Is it worthwhile to take out a KFW 55 loan of e.g. 120,000 Euros in order to receive the subsidy amount - but then still have to pay the energy consultant? Will a bank even submit the KFW application for me if I don't need any other financing?? Or would it be better to temporarily finance the missing amount short-term?? What would you advise me?

I don’t even know if that’s possible or if the application must be submitted through a bank? If it works, then you would have to take two things. 1. KfW 55 loan (18,000 Euro subsidy) 2. Construction supervisor approx. 50% subsidized. If you take an interest rate lock-in of 5 years or less, you should be able to fully repay the loan after the fixed interest period and receive the 18,000 Euros. Just call KfW.

Can't you save that up until you really need the money?

Can't you save that up until you really need the money?

I just want to play it safe... and the grant is tempting after all...

Note:
Invoices from the architect can be processed through the energy consultant.
This allows the full €4,000 to be utilized.

For the small amount still missing, I would try to manage without any financing. This saves a lot of effort, such as land registry entries, energy consultant, forms, etc. I believe there isn’t much left of the grant if you offset the other costs. Have you already included other subsidies, such as [BAFA]? If something is still missing then, I would perhaps look for a private loan within the family circle.