Is funding related to the number of square meters?

Hello there

I have a question ... we are dealing with the topic of house building ... just to explain briefly --> we are 2 young families and would like to build a 2-family house together. We have taken care of a plot of land, found a company, and now it was about the financing ... collected and submitted all the documents and now the lady said we won't get the funding because the children's rooms are larger than 12 sqm and the total area per apartment is more than 130 sqm ... we had previously read about this ourselves on the internet and found no indications about this at Kfw ... is it really the case that the square meters must not be higher or are we being taken for a ride here???

Thank you very much for sharing your experiences and your knowledge

MamaMia

Hello,

.. and now the lady said we won't get the funding because the children's rooms are larger than 12 sqm and the total area per apartment is more than 130 sqm ...

IB promotional loan for the formation of residential property for owner-occupiers

Under what conditions is financing provided?

- Only projects that have not yet been started are financed.
- The property must be located in the cities and municipalities participating in the Urban Redevelopment – East program.
- The above-mentioned income limits must be observed.
- The burden from the funded property must be sustainable in the long term.
- Own contributions including equity must be provided in the amount of 15 %.
- The apartment size must be within a reasonable range.
- For the purchase of single-family homes and condominiums: Eligible are conventionally constructed buildings that were completed and ready for occupancy before 03.10.1990.
- For the acquisition of existing residential space, investment costs (modernization and repairs) of at least 250 euros/sqm must be provided.

Kind regards

Thank you very very much!!!

We have just taken another look at our floor plan and recalculated everything smaller...

May I briefly ask where one can apply for this funding for families? Which ministry or local authority is responsible for it?

Hello,

May I briefly ask where one can apply for this funding for families? Which ministry or municipal institution is responsible for it?

The KfW Bank

Usually done by your financing bank/your independent financing advisor.

Kind regards