ISB Universal Home Ownership Loan Open
The ISB Universal Home Ownership Loan from Investitions- und Strukturbank Rheinland-Pfalz (ISB) offers private individuals in Rhineland-Palatinate low-interest loans for the new construction, purchase, or modernization of self-occupied residential property. Unlike social housing subsidies, there are no living space or income limits. The program contributes to easing the housing market and to individual old-age provision.
Who is Funded: Target Groups and Geographical Reach
The ISB Universal Home Ownership Loan is aimed at private individuals in Rhineland-Palatinate who wish to create or modernize residential property. It aims to alleviate the housing market and support old-age provision through home ownership.
What is Funded: Project Types and Measures
The ISB Universal Home Ownership Loan supports various measures for the creation and modernization of self-occupied residential property in Rhineland-Palatinate. This includes new construction, purchase, and modernization of existing properties. Second homes, holiday homes, and projects already commenced are excluded.
Type and Scope of Funding
The funding is provided as a direct loan with an amount between EUR 25,000 and EUR 100,000. The ISB loan serves as co-financing for additional external funds and requires an equity share of at least 10%.
Conditions and Requirements
Important conditions for funding include self-occupancy of the residential property, an unlimited employment contract of the applicant, a required equity share, and the involvement of an additional financing partner. Furthermore, specific regulations apply to the application and loan disbursement.
Application Procedure
The application for the ISB Universal Home Ownership Loan is submitted electronically via the ISB online portal. It is crucial to submit the application before the actual start of the project and to observe specific deadlines, especially for purchases.
Legal Basis of Funding
The ISB Universal Home Ownership Loan is based on the guideline of the same name from the Investitions- und Strukturbank Rheinland-Pfalz dated April 1, 2022. The funding is provided by state mandate to alleviate the housing market and support old-age provision.
Funding Overview
Maximum Amount:
100.000 €
Deadline:
Always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Rhineland-Palatinate (Germany)
Sectors:
Construction and Building Materials
Beneficiaries:
Private Households, Housing and Real Estate
Funding Stages:
Planning, Implementation, Infrastructure
Funding Provider
Program Level: Regional
Funding Body: Investitions- und Strukturbank Rheinland-Pfalz (ISB)
Managed By: Investitions- und Strukturbank Rheinland-Pfalz (ISB)
Additional Partners: Credit institutions/Insurance companies (Co-financing partners)
Website: Investitions- und Strukturbank Rheinland-Pfalz (ISB)