KfW Funding Climate-Friendly Residential Building from March 2023

  • Erstellt am 2023-01-26 22:34:22

masterflok

2023-12-11 10:18:51
  • #1
Our application also went to the KFW last Thursday. This morning we received feedback from the bank that the approval is already in place.

With that, we have 3 loans with great conditions:
Wohnraumförderung NRW: 1% for 30 years; 28,000 Euro repayment grant
KFW 300: 0.25% for 10 years
NRW.Bank nachhaltig wohnen: 2.86% for 15 years

I think we were at the right place at the right time :)
 

Paswina

2023-12-11 10:34:49
  • #2


Great, I'm glad!! Unfortunately, there is only the ISB in RLP, and it has quite strict funding requirements regarding income… if it goes through, we have WEF 300 at 0.53% and DKB at 3.6%…
 

BananaJoe86

2023-12-11 15:32:24
  • #3
The KfW has just raised the interest rates for program 297/298. Interesting, is the aim to save money while simultaneously not having to stop the funding? What do you think?
 

Paswina

2023-12-11 15:36:21
  • #4
Interesting! For the 300 program, the interest rates are still the same. If my dear wife agrees, we might even switch from a 35-year term to a 25-year term...
 

BananaJoe86

2023-12-11 15:39:40
  • #5


The difference is hardly worth it for the stress you’re putting yourself through. By the way, on Thursday I had 0.33 for 35 years. I have no idea why, probably our lender is subsidizing.
 

Paswina

2023-12-11 15:41:18
  • #6
What trouble? Compared to the future house construction, it's probably negligible :D After 10 years, I have paid off about 20,000 euros more than with the 0.53 interest rate. And it only amounts to a bit more than 100 euros per month.
 

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