This benefit is a unique opportunity for citizens who wish to invest in their home or improve their existing one.
In an ever-changing economic context, access to financing with advantageous conditions can make the difference in the realization of long-term projects, such as buying a home or renovating it. The real estate market has always been one of the sectors of greatest interest for those who want to invest in their future, but the conditions of access to mortgages can represent an obstacle.
In this context, INPS has recently introduced a regulation that represents a significant opportunity, but which is reserved for some specific categories of workers. This solution aims to encourage the purchase of a first home and to support the costs of property renovation, responding to the specific needs of a significant portion of the population.
The richest mortgage bonus is provided by INPS: when it expires and how much it is worth
INPS makes available a mortgage bonus with extremely favorable conditions reserved for public employees and pensioners. This bonus takes the form of mortgages with interest rates significantly reduced compared to those offered by the traditional market. In fact, from 1 January 2024, a new regulation has been in force that updates interest rates, making them even more competitive.
INPS mortgages can be requested by permanent public sector workers and pensioners who are registered with the Credit Fund for at least 12 months. These loans are intended for the purchase of a first home, the renovation of a property owned or the purchase of appurtenances such as garages and parking spaces. It is not possible to access the mortgage bonus for the purchase of other real estate properties, except for some exceptions such as inherited properties that are not habitable.
The value of the bonus varies based on the purpose of the mortgage. For the purchase or construction of a house, the maximum amount that can be financed is 300,000 euroswhile for renovations the figure reaches 150,000 euros. If the mortgage is intended for the purchase of appurtenances such as garages or cellars, the limit is instead set at 75,000 euros. In any case, mortgages can have a duration between 10 and 30 yearsdepending on the age of the applicant. For those over 65, the maximum duration is 15 years.
An important aspect to consider is the flexibility offered by these mortgages. After two years from the mortgage taking out, it is possible request to switch from a fixed to a variable rateor vice versa, depending on the economic conditions and needs of the applicant. The deadline for submitting the application for INPS subsidized loans expires on October 10th of each year. Requests can be sent exclusively in digital mode, through the INPS portal, with a simple and intuitive procedure. Once the application has been submitted, INPS has 75 days to complete the evaluation process and, in any case, the loan must be disbursed within 120 days.