Special loan for starters in Wijchen

Starters who wish to take out financing for the purchase of a home in Wijchen in the Netherlands and encounter a 'no' at the bank can realize an extra financial contribution by means of a special start-up loan.

Wijchen Municipality offers a special start-up loan for starters
Wijchen Municipality offers a special start-up loan for starters

The special start-up loan that will be set up by the municipality of Wijchen is exclusively aimed at young people up to the age of 35 years. The new type of credit is intended to make it easier for first-time buyers to purchase a home. The municipality has established that this is often a problem now and wants to offer a constructive solution.

Credit amount up to US $ 36,500
To be clear, this is not a mortgage loan , but a credit that should make it easier for young people to realize their own financial contribution. The amount of credit that can be taken out must therefore be at least 3,000 US dollars. The loan ceiling can be found at US $ 36,500. Anyone who takes out the loan must take into account that it must be repaid within a period of 30 years.

Limited house price
Another important condition is hidden in the house price. Because the start-up loan from the municipality is specifically intended for a so-called starter home, the purchase price may not exceed US $ 236,000.

The municipality is convinced that this extra funding for young people will bring direct added value to the local housing market. Young people will again be encouraged to buy a house themselves, which will again make more rental properties available and refurbish outdated buildings.

Published June 9, 2015 at 12:28 pm by the editorial team .

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