Financing with Labo Bayern

Hello dear community

We have purchased an existing property and are being supported by the Bayern Labo. We have a question. Has Bayern Labo conducted a follow-up inspection with you? Have you been required to make modifications by Bayern Labo?

Thank you in advance.

Go to your responsible district administration office and talk to the case worker. That will pretty quickly discourage you. I'll write down my status from early 2012: Unfortunately, the Labo stuff has the following disadvantage: To get it, you have to be eligible for funding (which you apparently are), the house, loan amount, and planned living space must not exceed certain limits AND you must bring xx % of equity capital. In addition, Labo is only granted for concrete construction projects - meaning you already need a plot of land + a fully planned house when applying (which actually requires a financing prerequisite - a catch-22 situation,...). The last disadvantage: Labo pays out a maximum predetermined share of funding - if this fund is empty, you can try again next year (first come, first served). So: First ask if there is still any left in the fund at your place. The two funding options had different requirement levels for us - we were immediately rejected with one - the other we could just fulfill, but its fund was empty.

No arguments against LaBo (but I don’t think that should be the main point of your post either), because LaBo has changed both its working methods and acceptance procedures over the years. LaBo (which has several funding programs) goes subrogated and thereby reduces the loan-to-value ratio (externally financed equity), which allows significantly better conditions for the remaining financing needs. I can only recommend looking at LaBo’s offers, having them explained, and/or possibly having an independent financial broker create a non-binding financing model for you - one who integrates state funding programs. There is no risk, the loan is applied for and approved once all costs and the financing concept are known, and if that fits, then the construction contract is signed and the loan accepted. There is no binding acceptance obligation for approved funds at LaBo.

However, the income limits are still very low...

However, the income limits are still very low...

Yes, certainly, but that does not change the fact that eligibility for funding must be checked/have it checked and above all, if it is given, it should be incorporated into the financing concept or at least taken into account.

Someone who is planning their life investment should, on the one hand, leave nothing untried and, on the other hand, explore all possibilities; no time should be too precious for anything.

Can't be done, must not be, won't happen, others have tried it too, and wrong advisors/advice are not good assistance either — but this is just my personal opinion — people who assume that what applies to them must also apply to others without knowing individual backgrounds or questioning them first before forming an opinion, and that it cannot be otherwise.

Everything is individual and cannot be viewed in general terms, nothing should be excluded, and above all, everything must be questioned, especially data, facts, and figures about consumers and their lifestyles, attitudes towards life, the place of investment, the region, and the respective environment of the consumers!