{"id":23972,"date":"2023-07-23T10:25:55","date_gmt":"2023-07-23T10:25:55","guid":{"rendered":"https:\/\/espa.io\/my-house-low-interest-housing-loans-for-10000-young-people-in-the-home-stretch\/"},"modified":"2023-07-23T10:25:56","modified_gmt":"2023-07-23T10:25:56","slug":"my-house-low-interest-housing-loans-for-10000-young-people-in-the-home-stretch","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/my-house-low-interest-housing-loans-for-10000-young-people-in-the-home-stretch\/","title":{"rendered":"My house: Low-interest housing loans for 10,000 young people in the home stretch"},"content":{"rendered":"\n
\"My<\/figure>\n\n

The countdown for the My House programme has begun<\/strong>, as next week the submission of applications from the DYPA<\/a><\/strong>.<\/p>\n\n

According to information, next Monday, April 3, the submission of applications for low-interest loans will start<\/strong>.<\/p>\n\n

The My Home project<\/strong><\/h2>\n\n

The My House<\/strong> housing programme will provide interest-free or low-interest first home loans to young people aged 25 to 39 years old with income criteria<\/strong> set by the Public Employment Service<\/a><\/strong>.<\/p>\n\n

From the My Home<\/strong> programme 500 million budget. euros<\/strong> 10,000 citizens will benefit in the first phase<\/strong>. A condition for receiving the loan will be that the young people must have an annual net income of<\/strong> at least \u20ac10,000<\/strong>. The maximum limit<\/strong> is set at \u20ac16,000 for a single person<\/strong> and \u20ac24,000 for a couple<\/strong> (heating allowance criteria).<\/p>\n\n

The procedure<\/strong><\/h2>\n\n

The application must be accompanied by a number of supporting documents<\/strong> for each of the eligibility criteria. Banks check that the conditions<\/strong> (age limit, income, lack of property suitable for housing) are met<\/strong> for each applicant. If these are met, they shall assess the creditworthiness of the person concerned<\/strong> on the basis of their internal rules. They then decide on the pre-approval or not of the loan<\/strong> and the criteria for the loan within 60 days<\/strong> of the application. The pre-approval is valid for 60 days<\/strong> from the date of its notification to the applicant.<\/p>\n\n

The bank shall inform the applicant<\/strong> of the pre-approval. Then he or she must<\/strong> within the 60-day period notify the bank<\/strong>:<\/p>\n\n