Home financing - please provide an assessment

Spontaneously, I do not see any income limits at all.

I found this in the NWoFG. Status 2024. I do not know if this is still current.
however, it also says that "
The specialist ministry can regulate the income limits by ordinance deviating from paragraph 2, taking into account the housing and urban development conditions, in particular

[*]1.
to promote owner-occupied residential property,
[*]2.
to create rental housing for households with difficulties in housing supply, or
[*]3.
to create or maintain socially stable resident structures"
Whatever that may mean, it would probably have to be clarified in the specific case.

I also checked, food costs are €800 per month for us adults and 2 children (2 years + 5 years). However, we buy organic whenever possible, regardless of the brand.

the attachment you included is, I believe, for housing subsidies, not for owner-occupied homes. The limits are impossible for a home. You would have to save everything you earn gross for 40 years to pay off the house.

The NBank is new to me. I just looked it up a bit. Their income limits are very low. Who actually gets supported there? Do you maybe have more info for me?

I have to admit, me too. I’ve already built, so I’m not so familiar with the subsidies anymore, but that’s exactly why I, as someone from Lower Saxony, googled it. You can take Baukindergeld with you, but you don’t have to factor it in because it’s not decisive. The NBank... don’t know... You shouldn’t become dependent on one bank. In the end, you don’t get the super interest rate from another bank exactly because you’ve sold yourself to this NBank for a few bucks. But maybe others should comment on that; I probably wouldn’t consider it. But it’s not about maximizing calculations to then realize at the paving stage that all options have been used up and it’s no longer possible. You want to calculate what you actually need. Between 165 sqm including double garage and a 120 sqm semi-detached house with carport, there is enough room for maneuver. You just have to see what you need.

As mentioned, I am not familiar with this. In BW there is the L-Bank through which it is handled, I thought it was something like our L-Bank. For BW, a large part of the money is paid by the federal government, and I would assume that there must be something like this in other federal states as well, because why would the federal government only provide money for house building to BW? But as I said, I only know about BW :(

So basically, you could say that currently only two people are eating solid food. I just added up the expenses for groceries for the current month. As of today, it’s 285€. And that even includes eggs and potatoes from the farmer.
At the moment, almost no costs are incurred for eating out, as we try to save as much as possible.

And this is how you want to live for the next 20, 25 years, just because of the house?

Please also remember that the costs for a 6-month-old baby are not comparable to those of a 10 or 16-year-old. They need clothes, they need a bike, they need stuff for school, hobbies... they also eat more...

I say, a maximum of 2,000 EUR installment, and even that is actually too much given the income. Also keep in mind that the additional costs for the house alone (property tax, garbage, electricity, water, sewage, insurance) quickly exceed 500 EUR per month.

And so you want to live for the next 20, 25 years, just because of the house?

I understand what you mean. I am aware that costs will rise. What must also be taken into account is that my husband, as a beginner in his career, will potentially earn more and I, ideally, will not work part-time forever. (My net salary in my full-time job before pregnancy was €3000.) You are right, it makes no sense to calculate everything down to the last cent. The question now is whether to take the risk and grit your teeth for a few years.