Subsidized mortgage, the INPS initiative for public employees: who can request it | DesignMag Subsidized mortgage, the INPS initiative for public employees: who can request it | DesignMag
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For many Italians there is a unique opportunity to access a subsidized mortgage – designmag.it
Thanks to competitive interest rates and flexible repayment methods, this initiative is an opportunity to consider carefully.
In the current economic context, finding advantageous financial solutions is essential for many Italians. In particular, for public employees, there are initiatives that aim to facilitate access to credit, supporting significant life projects such as the purchase of the first home or the carrying out of renovation works. Among these, it stands out the INPS initiative, which offers particularly favorable conditionsbut with well-defined access criteria.
The measure under analysis has the objective of support public sector workers in the realization of their projects, allowing them to access loans with favorable conditions. The subsidized nature of the mortgage lies in the competitive interest rates and flexible repayment methods, designed to adapt to the needs of a well-defined audience. However, the requirements to be respected are different and it is important to know them in detail to avoid missing this opportunity.
An opportunity not to be missed for many Italians
Not all public employees can access this opportunity. The first requirement required is registration in the Single Fund for Credit and Social Services for at least one year. Furthermore, it is necessary not to own other real estate properties in the national territory, unless there are specific exceptions such as inherited properties that cannot be used or ownership shares not exceeding 50% of the total value of the property. Pensioners can also request it, provided they are registered with the aforementioned fund.
The INPS subsidized mortgage represents a financial solution of great value for public employees – designmag.it
The loan is available for various purposes: from the purchase of a home, whether new or privately, to the renovation or expansion of the property owned. The mortgage can also cover the purchase of garages or parking spaces, as well as expenses related to university education, music conservatories and fine arts academies. The maximum amount that can be financed varies based on the purpose of the loanwith figures that can reach €300,000 for the purchase of homes, up to €150,000 for renovations or extensions and €75,000 for the purchase of garages or parking spaces.
A fundamental aspect of the INPS subsidized mortgage concerns interest rateswho come adjusted according to the Loan to Value method (LTV), evaluating the relationship between the value of the loan granted and the value of the property. The type of rate, fixed or variable, can be changed once during the repayment plan, provided that at least two years have passed since the signing of the contract.
The repayment of the mortgage it can happen with repayment plans ranging from 10 to 30 years, depending on the applicant’s age and specific financial needs. For those over 65 years of age, the maximum duration of the mortgage is limited to 15 years, thus guaranteeing the sustainability of the loan.
The INPS subsidized mortgage application procedure is totally digitalised, through the INPS portal. The application must be completed in all its parts and accompanied by the necessary documentation, following the instructions provided by the Institute. Finally, it is important to know that the time window for sending applications runs from January 15th to October 10th of each yeara sufficiently large period of time to organize the required documents and carefully evaluate the opportunity.
2024-04-01 11:04:36
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