Single-family house + land (purchase or leasehold) with high interest rates

Is the grant, which would be €75,000, actually counted as equity capital or is it paid out so late that I need the full loan amount beforehand? Then the €75k would basically be the annual special repayment for the first 4 years

The grant only reduces the outstanding debt. You have to apply for and also use the full loan amount. From July 1st, the grant will only be granted at fixed dates with the loan. That can sometimes take 2 years.

I would like a long-term fixed interest rate and unfortunately that doesn’t work with KfW loans. I’m a bit anxious about that.

Is the grant, which would be €75,000, actually counted as equity or is it only paid out so late that I need the loan amount in full beforehand? Then the €75k would basically be the annual special repayment for the first 4 years

Why actually €75k? Isn’t there €30k for 40+ and then that twice? Are there any other subsidies? Is the energy consultant included in the offer? That normally also costs a four-figure amount.

According to the current model, the loan amount is simply reduced from €120k to €100k after the completion of the house. But I haven’t dealt with the new regulation so far.

I would like a long-term fixed interest rate, and unfortunately that doesn't work with KfW loans. I'm a bit anxious about that.

The repayment calculator shows that with 2 residential units after 10 years of repayments of €789/month, you would still owe €107,000 which you would then have to refinance. I don’t really expect KfW to demand exorbitant interest rates after the end. But I can't say that from experience. On top of that, there would be a loan of around €120,000 from a regular bank which you could, for example, repay at 1% (280€/month). Overall, this would result in the same monthly rate, but you could sign the contract immediately instead of wasting half a year now and thereby creating a waiting time of one year. Also, you could soon finalize a financing now. Your whole construct is based on the fact that you can finance now and apply for the subsidy in July. As I understand it, however, the subsidy is also applied for by the bank when applying for the loan. This means that before July, you can neither apply for a construction contract nor a loan. Honestly, the risk that your interest rate in July could be 2.5-3% would be too high for me. That will also cost you much more over 30 years than if the interest rate for the follow-up financing at KfW then is 2% instead of the previous 0.95%. Or that the general contractor in July no longer feels bound by his offer from February because the window maker and electrician raise their prices. Then you’ve wasted another €5,000. Caution is nice and good but risk aversion can also lead you to take a risk that is less obvious but in truth much more dangerous.

Why actually 75k?

BEG would be €37,500 per residential unit at KfW40+

Earnings 3200€ net

My wife currently does not receive a salary,

My employment contract is limited until 2022

And with that you get financing???

3600 net for 400k upwards.

You will certainly get financing, but everything is very very tight. Big leaps are not to be expected. Well, you have the leverage that the woman will have to start working at some point.

Are the 1.8% so high because of the [Erbpacht]? Or what would they be for the purchase plot? With [Erbpacht], the bank can dispose of the house less easily because the landowner must agree to the sale.