{"id":11349,"date":"2018-07-16T08:33:33","date_gmt":"2018-07-16T07:33:33","guid":{"rendered":"https:\/\/www.athome.lu\/blog\/?p=11349"},"modified":"2022-05-11T17:07:42","modified_gmt":"2022-05-11T15:07:42","slug":"apply-for-a-state-guarantee-for-your-own-real-estate","status":"publish","type":"post","link":"https:\/\/www.athome.lu\/blog\/en\/acheter\/pret-immobilier\/demander-une-garantie-de-letat-pour-son-pret-immobilier\/","title":{"rendered":"Applying for a state guarantee for your home loan"},"content":{"rendered":"

Do you want to become a homeowner or carry out work, but you cannot offer sufficient guarantees to your bank or financial institution of choice? There is a solution to help you: the state guarantee.<\/span><\/p>\n\n\n\n

What is the state guarantee?<\/span><\/strong><\/h2>\n\n\n\n

The State provides a guarantee to help people who are unable to obtain a property loan due to a lack of sufficient guarantees such as: personal contribution, mortgage, etc. The State provides a guarantee for the amount of the loan exceeding 60 % of the sum to be borrowed, but up to a limit of 30 % and \u20ac131 630.<\/span><\/p>\n\n\n\n

What are the requirements?<\/span><\/strong><\/h2>\n\n\n\n

In order for the State to accept to act as guarantor, you must have opened a savings account for at least 3 years and have funded it regularly. The minimum deposit required is \u20ac 290 per year. The calculation of the 3-year period starts on the date when the balance in your savings account reaches \u20ac240.<\/span><\/p>\n\n\n\n

You must also have obtained approval for a loan of at least 60 % of the amount of the property to be acquired or the work to be carried out. The rate of your loan cannot exceed 3 %.<\/span><\/p>\n\n\n\n

Your steps<\/span><\/strong><\/h2>\n\n\n\n

Download and complete the document \" Request for a state guarantee<\/a> \". The bank that granted you the loan will make the application at the same time as the applications for individual housing benefit.<\/span><\/p>\n\n\n\n

You will need to provide the following documents:<\/span><\/p>\n\n\n\n