Mortgage loan requirements for public employees and pensioners
How to get a subsidized interest rate loan? A question that many taxpayers ask themselves when looking for a mortgage for the purchase of their first home or with which to finance important projects. Although there are several attractive offers on the market, the Government Agency mortgage remains the best option. It distinguishes itself from the competition both for the advantageous interest rate and for the particular Government Agency mortgage conditions.
Government Agency mortgages can only be obtained by public employees and pensioners registered with the Social Institute Unitary Management of credit and social benefits. Among the Government Agency mortgage requirements to be met there are also the presence of an open-ended employment contract (for employees) and a seniority of enrollment in the Unitary Management of not less than one year.
Other requirements for mortgage
There are also capital requirements to be met in order to obtain an Social Institute mortgage ex Government Agency 2020. Specifically, the house for which funding is requested must be the only one on the national territory held by the applicant and the other members of his family.
However, there are exceptions for this condition. The mortgage can be obtained even if the applicant or the other members of his family are owners of houses received in donation or in succession. Provided, however, that the house in question is not usable because it has already been burdened by real rights of enjoyment for at least 5 years.
In the same way, public employees and retirees who own a home do not exceed 50% of the access to Government Agency loans. The condition extends to all members of the household. Among the exceptions allowed by the Social Institute ex Government Agency Mortgage Regulations there is the possibility of obtaining a first rate mortgage at a subsidized rate also for pensioners and civil servants who own homes assigned to their spouses following a judicial separation order.