IB Home Ownership Program Open
The IB Home Ownership Program of Investitionsbank Sachsen-Anhalt offers low-interest loans for private individuals who wish to build or purchase a home or condominium in Saxony-Anhalt for their own use. It supports the creation of owner-occupied residential property and supplements financing from commercial banks and building societies.
Who is funded
The IB Home Ownership Program is aimed at private individuals who wish to build or acquire a home or condominium in Saxony-Anhalt for their own use. The funding aims to support the long-term financing of owner-occupied residential property and serves as an important supplement to existing commercial bank and building society financing.
What is funded
The IB Home Ownership Program promotes the construction and acquisition of self-occupied residential property in Saxony-Anhalt by financing specific costs. It covers direct construction and purchase costs, as well as ancillary costs and costs for any modernizations or conversions, explicitly excluding refinancing or subsequent financing of already completed projects.
Type and scope of funding
The IB Home Ownership Program offers low-interest loans for the construction or acquisition of self-occupied residential property. Loan amounts range from EUR 20,000 to EUR 100,000, with a maximum term of 30 years and a fixed interest rate period of 10 years. Specific conditions regarding own contribution and co-financing by other loans must be observed.
Conditions and requirements
Specific conditions and requirements apply to the application and receipt of the IB Home Ownership Program. These include the appropriateness of project costs, the financial viability of the applicant, the provision of own contributions, and the security of the loan. The program is generally combinable with other funding sources.
Application procedure
The application for the IB Home Ownership Program must be submitted to Investitionsbank Sachsen-Anhalt before the start of the project or immediately after the conclusion of the notarized purchase agreement. The application is reviewed and approved by Investitionsbank Sachsen-Anhalt.
Legal basis
The legal basis for the IB Home Ownership Program is the guideline "IB Home Ownership Program – Award Principles", which came into force on June 14, 2019. This guideline sets out the conditions and framework for granting the loans.
Funding Overview
Maximum Amount:
€100,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Saxony-Anhalt (Germany)
Funding Stages:
Planning, Implementation
Funding Provider
Program Level: Regional
Funding Body: Investitionsbank Sachsen-Anhalt (IB)
Managed By: Investitionsbank Sachsen-Anhalt (IB)
Website: Investitionsbank Sachsen-Anhalt (IB)