In some cases it is possible to obtain a 100% mortgage if some specific conditions are met, here are the banks that offer it to customers.
Having a home of your own represents a dream shared by the majority of Italians, who begin to feel fully fulfilled when they manage to achieve it, despite the process to follow is often complex. In the vast majority of cases, in fact, a multi-year loan must be used, which generally has a duration of 15 to 30 years, but is granted exclusively to those with a permanent contract.
Not only that, often the home loan is not guaranteed for 100% of the value of the property, it is necessary to have an initial amount in order to then open the application. However, this is a situation that concerns only a few people, who can only postpone it while waiting for better times.
Fortunately, it is not a given that you have to completely give up this possibility, there are banks that are still available for this solution, despite having the need to obtain some very specific guarantees. It is therefore good to know which credit institutions are interested and the necessary conditions, so as to be almost certain.
Getting a 100% home loan is possible: here’s how
The idea of asking for a loan, even when the amount is small, always generates quite a bit of anxiety. In these cases, in fact, one feels at fault knowing that one does not have the financial availability for one’s projects and one is afraid of facing rejection, which could complicate the situation quite a bit. The concern can only be greater when you need to apply for a 100% home loanwith the belief that few banks are willing to grant it, thinking that the customer may not give the necessary guarantees.
Fortunately this is not always valid, there are exceptions that can allow you to get the long-awaited approval. However, acceptance times are longer (sometimes up to 60 days can pass from the moment the application is submitted). It is obviously It is essential to provide a greater number of guarantees:
- the mortgage on the property will be a guarantee for the bankin the event of insolvency by the customer;
- surety insurance policy: serves to cover the excess, up to 20% of the value of the property under guarantee. You can choose whether to register it in your name and pay it, or have it turned on by the lending institution which will recover the expense by offering a higher spread;
- presentation of a third party guarantoror a third party who guarantees the reimbursement of the sum.
A 100% home loan requires more collateral – Photos! Deisgnmag.it
Generally it is good to evaluate multiple solutions when looking for a home loanso as to evaluate the most convenient one, it is not necessarily the case that the one offered by the bank where you have your current account is. This is even more true when you need 100% of the value of the property to be financed, even if not all credit institutions are so favorable to granting it.
Among those that offer it is Crédit Agricoland, although in most cases he would prefer to limit himself to 80%. This is possible thanks to Crédit Agricole Youth Mortgage, offered to those aged 18 to 35, with ISEE less than 40 thousand euros. Those who need it also have the opportunity to postpone the payment of the first installment up to one year after the stipulation, in addition to other flexible options.
The solutions of Intesa SanPaolo should also not be discarded, the ideal is the Mutuo Domuswhich has no age limits. Alternatively, there is the Youth Mortgage (from 18 to 35 years), which can have a duration of up to 40 years and is also available for those who can access Consap, with various discount options.
Going through the various credit institutions and presenting your financial situation is still the best choice, even if it can sometimes be frustrating.
