You want to buy your own property, but you do not have the necessary means? Your bank systematically refuses your loan requests for lack of guarantees? There are various solutions that make the purchase of housing available for different categories of population such as assisted loans. There are four main assisted loans, which differ depending on the financial situation of the borrower and his use of the property.
The Social Accession Loan (PAS)
It is intended for French people who wish to acquire a permanent principal residence, and who have a relatively low income according to the zone where they live. Its principle is to fully cover the financing of the acquisition of the property, including agency fees and potential expertise. In addition, it gives entitlement to the Personalized Housing Assistance (APL) and caps the cost of records to 500 $. Note that this is a specialized loan that requires the use of a specialist to determine whether or not you can claim it.
The Contracted Loan (PC)
This type of loan remains very interesting. Indeed, not subject to any income standard, the loan agreement is also intended for the purchase of a principal residence. It fully bears the costs associated with the operation, including real estate agency fees as well as any necessary essential work costs. However, this loan requires the borrower to occupy at least 8 months per year the property acquired through this money, and this, throughout the repayment period. In addition, it prohibits any seasonal rental, furnished rental of more than 4 months per year, and any use as a second home or commercial premises during the repayment period of the loan.
The 0% interest rate loan (PTZ) – Ministry of Housing
As its name indicates, this loan is very advantageous by its rate, but also by its terms of repayments related to the median incomes of the borrower. It concerns all those who wish to buy their first principal residence as well as those who have not been owners in the two years preceding their loan application. In addition, it is subject to a ceiling related to taxable income and it is necessary to call on a specialist to have his rights assessed.
The loan 1% housing
Resulting from the Action Logement scheme, this loan is intended for employees of non-agricultural private companies with at least 10 employees. Its purpose is to allow the purchase of a principal residence. In addition, it takes into account the tax revenues of year N-2 of the loan applicant. These must be lower than the ceilings set for this credit. Finally, it does not depend on the employment contract. Thus, it does not commit you to an early repayment in case of change of employment. The 1% housing loan offers many benefits including:
- Its rate (between 1.5% and 3%)
- The possibility of pairing it with other loans.
Nevertheless, it is generally capped at $ 17,600 maximum, and its repayment duration varies only between 5 and 20 years.
Conclusions on real estate loans
Thus, there is a lot of help in the form of loans for homeownership. However, these are intended solely for financing principal residences and are subject to specific criteria. It is therefore essential to study his situation well before claiming any of these loans.