Caja Rural Granada processes the new guarantee aid for young people that allows covering up to 95% of the first home

2023-09-24 00:42:41

Sunday, September 24, 2023, 00:41

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Caja Rural Granada will facilitate the purchase of housing for young people in Andalusia. The financial institution has joined, as a collaborating entity, the Youth Housing Guarantee program of the Junta de Andalucía, which aims to support those under 35 years of age so that they can cover, together with the mortgage, up to 95% of the acquisition cost. of his first home.

One of the main problems that young people face when purchasing a property is, precisely, achieving the necessary savings to cover the initial expenses such as the entry fee, taxes and other sales and financing expenses. With the endorsement promoted by the Ministry of Development, Territorial Articulation and Housing, this operation is facilitated.

To do this, applicants must be registered in a municipality in Andalusia, be up to 35 years old and use the home as their habitual residence for at least two years. This guarantee will only be granted to buyers of their first home, whether free or protected, new or used. In the case of VPO, the purchaser must also meet the legally established requirements for access to protected housing and have the authorization of the corresponding Territorial Delegation.

The measure will be applied to homes with a maximum reference price of 295,240 euros in general, although this limit would be increased by 20% for homes with energy classification A or B, in accordance with the regulations. It is also an essential requirement to be up to date with compliance with tax and Social Security obligations.

With the pre-granted loan, the Junta de Andalucía will decide on the approval of the guarantee and, subsequently, the loan will be granted.

Young people will be able to receive information or request a guarantee at any of the Caja Rural Granada offices at no cost distributed in the Andalusian provinces of Granada, Almería, Málaga and Cádiz. Also request information through the Web.

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