May 3, 2024 5 min read
My Home: 2,700 approvals and 11,400 pre-approvals for youth mortgages

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In the framework of the housing programme, My House, and in the space of eight weeks, from 3 April to 26 May, a total of 32,939 applications have been submitted, of which 16,187 have already been assessed, i.e. almost 1 in 2 (49%), as announced by the
THE NUMBER OF APPLICATIONS RECEIVED BY THE COMMISSION HAS BEEN REDUCED BY 49.9 %, I.E.

Of the 16,187 applications evaluated, 11,440 were pre-approved, i.e. more than 7 out of 10 (71%), with an average pre-approval amount of €112,743, while the rest were rejected as they did not meet the requirements.

Of the 11,440 pre-approvals, 2,729 loans have already been approved, i.e. almost 1 in 4 (24%), as a property has already been found and legal and technical control has already started, with an average approval amount of €104,747.

In total, for the 2,729 approved loans, €214,390,983 have been committed, i.e. 57% of the initial €375 million of the initial financing of the ISPA.

66% of approved loans are for the purchase of a first home by couples.

38% of approved loans are for the purchase of a first home in Attica, 22% in Central Macedonia, 6% in Eastern Macedonia and Thrace and 6% in Thessaly.

The beneficiaries of the My House programme

It is recalled that through the My House programme, young people or young couples aged 25-39 can acquire a house with a monthly instalment significantly lower than that of the market mortgages. 75% of the capital is granted interest-free by the DYPA, while for those with three or more children (and those who acquire this status) the loan is interest-free in its entirety.

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