KfW 124 subsequently for the construction loan

Hello!

We plan to build a turnkey house with a construction company. The financing from the house bank is secured, the notarized purchase contract for the building plot as well as the consumer construction contract have already been signed. Construction is scheduled to start in April 2020. Since the equity is relatively low and there could be a bottleneck in covering the incidental costs, we have considered applying for a KFW 124 grant of approximately €25,000 as a precaution.

My question: Would this still be possible despite the already approved construction loan and signed consumer construction contract?

Thank you in advance!

Yes, sure, but you need a financing bank for that, i.e. your house bank. They would have to review the whole thing afterwards.

I think no. The KfW charge must be secured by the bank. The first rank is already assigned, the second is unlikely. The loan agreement can be revoked within 14 days ... otherwise talk openly with the bank that you forgot 25,000€. Or is it about a short-term bridge? Then a credit line or something similar, e.g. ING 5.x%

Since the equity is relatively low, it could lead to a bottleneck in paying the ancillary costs,

Which ancillary costs are being referred to? You can finance everything (except purchase incidental costs), including the garden, carport, and additional construction costs. Everything that arises there.
I would ask. Normally, the train has left the station.
But inquire about additional financing at your bank. It might be possible regarding additional financing.

Thank you very much for your feedback

Which additional costs are being referred to?

The property is located in sloping terrain, it needs to be properly filled... the construction company insists on a soil survey, temporary construction power, etc.