Kfw funding owner-occupied apartment information

  • Erstellt am 2021-01-10 08:38:37

Martin Semper

2021-01-10 08:38:37
  • #1
Hello dear forum,

I am looking for answers in the whole KFW funding confusion.

The purchase of a new-build condominium KFW 55 is imminent and, according to the realtor, can be funded with KFW support.

When I asked how such a thing works, the nice gentleman could not tell me anything further either, I have to inform myself.

Now I am looking for more information on this very confusing topic of Kfw funding for new-build apartments in this way.

- how does it work?
- what can be funded?
- how much can be funded?
- is it even worth funding a condominium?
- with which provider? Regional?
- tips

Maybe you can help me to unravel the whole thing.
 

WilderSueden

2021-01-10 12:51:20
  • #2
The funding for a KfW55 house is quite simple. When you have an appointment at your bank, you say that you also want to take advantage of the KfW promotional loan. The bank then takes care of the application process with KfW. From KfW, you then receive a loan of €120,000 at 0.75%/0.95% (depending on the interest rate lock-in), from which you do not have to repay €18,000 due to a repayment subsidy. Accordingly, the "normal" loan is reduced by this €120,000.

Thanks to the repayment subsidy, it is almost always worthwhile to take advantage of the funding, even if the KfW interest rate is not much cheaper or at the same level as a normal loan.
 

hausnrplus25

2021-01-10 14:49:56
  • #3
- how does something like this work? -> through a financing bank
- what can be funded? -> the construction costs with proof before and after, that the KfW requirements are met
- how much can be funded? -> max. €120,000 credit for the KfW153 program (read the information sheet)
- is it even worth funding a condominium? -> due to a repayment bonus (% share of the loan amount depending on the KfW program), it can be worthwhile
- with which provider? Regional? -> wrong question, as already mentioned, it runs through a financing bank, they can explain everything to you, then you apply for 2 loans
- tips -> get advice at the bank and study the KfW website ;) And note that the KfW programs are expected to change on 01.07.2021
 

Martin Semper

2021-01-10 17:52:13
  • #4
Thank you both for the top answers, I can already do a lot with them. I will now take a very close look at the page and meet with the bank on Monday.
 

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