KfW BEG funding stopped 261, 262, 263, 264, 461, 463, 464

A clear NO. If €32k in financing is no longer possible, it means either:

- Too little equity invested and therefore no more debt possible = weak creditworthiness for the project
- Household budget calculation so tight that €100 per month is no longer bearable = weak creditworthiness for the project

==> both mean that the family is already taking on so much that it is almost no longer sustainable.

Therefore, based on my experience, I maintain that €32k must not derail a house construction. Otherwise, you simply gambled too high.

Certainly "on the edge," you are absolutely right there.

Nowadays, due to construction costs, some new builds are definitely more tightly budgeted, no question...

However, €32k is simply a lot of money – that is ultimately the buffer that is perhaps included for many and thus already used up overnight – without the other additional costs that may still arise. The uncertainty thus becomes significantly greater – day by day – and could eventually bring down the whole structure if there are further nasty surprises.

Therefore, if you no longer feel secure because of this, it is better to wait and build later (if this is possible).

However, I do not find it shameful if, due to €32k (which can easily be 10% of the total costs), building is no longer possible / desired.

€32k more could mean €100–200 more repayment monthly. For a family, that could be the well-deserved annual vacation that is therefore no longer or only hardly feasible, as the family does not want to give that up.

You also have to consider the very different types of builders here... Not everyone has €100k buffer on the side and says: If it costs €100k more afterward – so what?

So contracts after approval? So for the grant. You are not taking a KfW loan? Yep. Once again the question. The contracts? Then the financing at Commerzbank was approved, otherwise there would be no contracts. Which bank advisor? From Commerzbank? Grants are decided automatically. Normally it only takes seconds from submission to approval. By the way, it is the same for financing that goes through a bank. Manual decisions are only made if something is not correct or requires clarification. You already have the application confirmation. What else should the bank advisor submit? Tell me exactly what you are doing. Loans, grants, who is the bank advisor, who is the broker and who did what. It is totally unclear with you.

Sorry, I was probably too upset from the phone call. We are building a semi-detached house in Hamburg. 350,000 euros from the Commerzbank and 160,000 from the KFW plus grant. We received an application confirmation from the builder in November. Because we are building a semi-detached house, there were difficulties regarding the WEG purchase contract. Ultimately, after keeping us waiting for two whole months, Commerzbank agreed and I went to the bank on Thursday to sign the loan. Allegedly, he submitted everything on Thursday but did not receive approval. So now, the financing advisor from Commerzbank called us today and said there is no longer any financing because the program has been stopped and we now have to wait and see what happens with the application. From how he sounded, my signature would still have had to be submitted? I don’t understand it either and he is not reachable by phone.

However, I do not find it shameful if, due to 32k (which can well be 10% of the total costs), one can/wants to build no more.

This even shows not rushing headlong into ruin. But as a rule, you can also plan your house a bit smaller and make up for the missing subsidy again ;)

That even shows not rushing headlong into ruin. But usually, you can also plan your house a bit smaller and make up for the missing subsidy again ;)

Of course possible - if you want to and can. There are simply so many conditions here that are decisive - you can't generalize it that easily.

There are definitely solid reasons, when looking at various situations, that it makes sense NOT to build with immediate additional costs of 32k - so this must always be considered individually.

I was at the bank on Thursday to sign the loan.

Signing the loan means signing a loan agreement for you? Because that comes as a contract from Commerzbank for the KfW loan – they just internally get the money from KfW. Did you receive a copy of the contract directly?

What does immediate approval mean? Our bank advisor submitted it. Allegedly already last Thursday.

We only applied for the grant. There was an approval online immediately after the application.