New funding for family home ownership

I would like to reach a total measurement of 36.5. I will look for an energy consultant this week.

My financier would at least calculate the option with the bullet KFW loan in combination with a home savings contract. Actually, I was always rather skeptical about it because of the high interest rates. But with a KfW loan, it might not be so uninteresting after all.

I am still skeptical, but in this case, it could possibly work. The problem with home savings contracts and TA loans is that you enter into a negative interest differential business over the term. You pay x% for interim financing and get a symbolic 0.1% for your home savings balance. This costs multiple times the closing fee over 10-15 years. With affordable interim financing, it could work out, provided you get a home savings contract with a low loan interest rate. 3-4% is not particularly justifiable as collateral.

Assuming the application for the [KfW 300] loan is approved. The amount of 170,000 euros is, as usual, not paid out all at once but, through a credit institution, in several installments corresponding to the construction progress. Then I send the invoices etc. to [KfW] as proof after completion of the construction phase for the achievement of the new construction phase for review. If [KfW] now finds that a certain insulation material or similar does not comply with any [KfW] requirements, will the disbursement then be stopped? Of course, I have contractually agreed with the general contractor on an [EH 40] house, but I first have to bear the consequences. Has anyone had experience with this?

Background:
I was at a large German semi-public bank last week to seek advice on [KfW 300]. The advisor described this scenario as a great risk for the utilization of [KfW 300].

Semi-off-topic: The advisor and his team (headquarters and capital city) have so far not accompanied any [KfW 300] financing. In 2023, no new construction financing in the single-family house sector was carried out with this actual market leader... indicative of our housing construction.

I look forward to your opinions/experiences?

Best regards

R.

The general contractor only sends you invoices for progress payments during construction (e.g. 10% after completion of X). For my KfW261, the "confirmation of completion" from the energy consultant comes at the end and that also has to be sent to the bank. I would be surprised if with the KfW300 every single interim invoice is checked. Bank employees are not insulation experts.

Nonsense with sauce what the consultant told you there :) you request the money from your bank, which gets the money from the KfW. No invoices need to be submitted. And as my predecessor already mentioned, the confirmation from the energy consultant comes later.

In individual cases, it apparently happens that the KfW is not satisfied with the confirmation from the energy consultant and eventually demands invoices.

Nonsense with sauce what the advisor told you there :) you request the money from your bank, which obtains the money from the KfW. Invoices do not have to be submitted. And as my predecessor already writes, the confirmation from the energy consultant comes later.

In individual cases, it apparently happens that the KfW is not satisfied with the confirmation from the energy consultant and eventually requests invoices.

I agree here. The main bank basically only intermediates to the KfW. For example, I have to submit invoices, but they are not checked substantively but "yeah - invoice with material for the house - I request funds." My bank states up to 5 banking days for this, precisely because they first have to obtain it themselves.

In the end, the BnD has to fit – with the small module, it’s not about individual substances but about the overall concept. The substance inspection after completion (using air measurements for pollutants) is only necessary with QNG.