What help is available? (Bavaria)

Hello I think you should really take another detailed look at the data and information from the various programs beforehand. For me, the 1% repayment in the Labo, the Bavarian interest subsidy program, is a very big disadvantage. Not everything that glitters is gold, so just read up on it yourself again. For detailed questions, the experts in the forum are happy to help.

Yes, the 1% repayment is of course not so great... what does the addition "plus saved interest" actually mean?

In the Bavarian housing construction program, special repayments are possible at any time despite the 1% repayment.

And overall, the financing would be 20% equity + 30% interest subsidy program / housing construction program + 50% bank loan, whereby of course the goal is to repay the bank loan as quickly as possible.

The tricky part, as I personally see it, is that you nibble away at the money forever or actually still have an enormously high amount in the pot after the fixed interest rate period, which is then again invested with an unknown rate.

Unfortunately, I do not know exactly what this clause means, as I quickly moved away from it due to the 1% repayment and personally did not deal with it any further. Possibly, it could be related to an interest payment suspension in the first 1-2 years. But that is just an assumption. However, the experts might know about it.

Also interesting regarding the point of special repayments or complete repayment in the [Bayerischen Zinsverbilligungsprogramm] is that this is only possible with inclusion of a prepayment penalty.

I also come from Bavaria and for me personally this is no longer an option. To be eligible for funding, you also have to meet certain criteria in the house planning, e.g. m², as well as income limits, etc.

Best regards, Andreas

Addendum:

The Bavarian housing construction program would be an option for me. There is already a grant of €2500 per child, as well as the constant possibility of special repayments. (I still need to inquire about the exact details myself, such as how often and for what amount special repayments can be made). A small amount could be taken out through LABO, which could then be repaid as a lump sum special repayment at a later date after a term of, for example, 10 or 15 years.

plus saved interest = annuity loan = installment remains the same, interest portion decreases, repayment increases.

plus saved interest = annuity loan = payment remains the same, interest portion decreases, principal repayment increases.

Thanks , you can also express it complicatedly sometimes :)