First Home Mortgage Fund: Who Qualifies and What You Get
Learn how young buyers in Italy can access a state guarantee on mortgage loans to help purchase their first home.
This scheme provides a state guarantee to help young people secure mortgages for the purchase of their first home.
Who it's for
This fund is designed for young people under the age of 36 who are looking to buy their very first home.
What you get
The government provides a guarantee on mortgage loans. This support can cover a significant portion of the property's value, ranging from 80% to 100%.
What it costs you
There is no direct fee to access this guarantee, but you must undergo a standard banking process to get your loan approved. You will need to meet the specific lending requirements set by your chosen bank.
The catch to know
Even if you qualify based on your age, the property itself must meet certain requirements regarding its size and where it is located.
How to apply
- Research homes that meet the necessary size and location criteria.
- Speak with a bank to check your eligibility for a mortgage.
- Apply for the state guarantee through your bank during the loan application process.