Is home financing possible for old buildings?

Hello forum,

does this financing sound somewhat feasible?

I am already 44 years old, currently have only 3,000 euros saved, and want to buy a small used house, without renovation backlog, for about 120,000 euros.

My income is about 2,400 euros net monthly. Everything is deducted, all insurances, car costs, etc.

Currently, I pay 790 euros rent and additional costs.

I am dissatisfied with my apartment, several construction sites next door for years, new neighbors with a baby and a dog, I no longer feel comfortable here at all.

Can I take a risk on a purchase?

Thank you very much for tips.

Well, 120,000 for a house including land doesn't sound like much at first. Unless you want to put in another 100,000 for renovations. However, we don't know anything about the house.

I'll put it this way: moving is an alternative.

And I would be happy about the baby. That's a new earthling who will later pay your pension :) Hopefully there will be a lot more of them :)

It is about the noise, not against a baby. The problem is, I need 3.5 rooms and cannot compete with a dual-income couple in paying rent on the housing market. I can deduct a study; currently, I do not have a study.

Purely mathematically, you can fully repay a loan of €120,000 over the next 20 years with €900 per month. But remember, a house has additional costs, and you will certainly need to invest quite a bit into the house beforehand. What is the house worth?

These are normal terraced houses, about 10 km outside the city. I still live in the city now, but it's very noisy.

Can someone recommend a bank to me?