Loan agreement: mortgage loan assistance


Owning your own home is a dream

The loan agreement allows people unable to make a conventional credit to access the property.

The state offers regulated loans to help people who want to become homeowners, who can not make home loans without a boost.

Owning your home is a dream for many people. No longer having to be accountable when you are a tenant, no longer having to pay rent, this is the best way to fight against precariousness.

The State, well aware of the advantage of a “France of the owners”, offers several aids to home ownership.

We present the loans, which have allowed many tenants to replace their rent with a mortgage. There are several, sometimes cumulative, but all obey criteria for entitlement.

We speak well extreme cases, one should never put his house in guarantee of refund of a credit, but these cases are unfortunately more and more frequent. Better to have the opportunity when the time comes!

How then to become a homeowner, when one can barely afford to pay rent? Or are we young and we start our career? A person who applies for a loan but has no personal contribution has little chance of getting a loan! In a tense real estate market, where even to become a tenant, it is necessary to go there early and present an incalculable number of justifications for perhaps to obtain a hiring, the State thought about the less fortunate, by proposing the loans.

To know: we call ” contribution ” money from our savings, from our savings, that we will invest in our real estate purchase on credit. dedicated page of SGFGAS. As can be seen, they are much higher than what is practiced for a conventional real estate loan. The calculation of the interest rates of the contracted loans – stipulated by the Law – is done according to these reference rates.

Let us quote the statistical report of the SGFGAS to better understand how the interest rates of the PCs are calculated:

The margins applied to the reference rate in order to obtain the ceiling rates are 2.3% for floating rate CPs, regardless of the duration, and for fixed-rate loans with a maturity of 12 years or less, 2.5% for floating rate CPs. 12 to 15 years, 2.65% for those between 15 and 20 years and 2.75% for those over 20 years.

Interest rates are down almost constant, with in 2015 historical minimums.

Fixed rate loan

Fixed rate loan

The fixed rate is by far the preferred option for borrowers in this period of extremely low interest rates. Even if it is a regulated loan, there is competition between banks, which make money with this type of credit. Do not hesitate to make several simulations of loan agreements with different banks.

Like all fixed-rate loans, there are no surprises: everything is planned and calculated in advance, we know exactly how much we will repay each month, and for how long. Most banks allow the repayment to be modulated if necessary, by accelerating the repayment (larger monthly payments), or slowing it down (smaller monthly payments).

Conventional loan with adjustable rate

Conventional loan with adjustable rate

Rate-based loans are not very much sought by borrowers: only 3% of loans approved in 2013 were at adjustable rates. This is easily explained: never have the fixed rates been so low, take a revisable rate, it is practically the insurance, especially over a long period of time, to have to pay larger interest sooner or later than if we had opted for fixed rates.

There is nothing to prevent banks from offering adjustable rate loans with additional benefits that can make you think about when to borrow. La Banque Postale, for example, offers in its structured loan offer the ” capped rate + 2 ” agreement. This is a credit that can not increase its interest by more than 2% compared to the initial interest rate. The revision is annual, and it is always possible to move to a fixed rate in the course of credit.

To know: if we choose a loan, we will not be able to complete with a conventional mortgage. You have to choose, it’s either one or the other! On the other hand, it is possible to make a mix between a fixed rate loan and an adjustable rate loan of the same loan under different terms. When fixed rates are very low, even this option is not interesting.

It is however possible to supplement with other aids and regulated loans.

Social Accession Loan (article Moninamia) (PAS). Revenues are governed by a scale, which varies according to the number of people who must live in the dwelling, and the place of residence.

This is a special case of the loan agreement, subject to conditions of resources. It retains all the advantages, including the payment of the APL directly by the CAF to the bank, and even makes it possible to have interest rates lower than those practiced in conventional conventional loans. Half of the PCs today are SAPs.

Simulator to know the amount of PTZ that can be obtained.

Simulator to know the amount of PTZ that can be obtained.

  • Eco PTZ
    For those who wish to work at home to save on energy bills, it is possible to borrow at zero rates, up to 30000 euros.
  • Ready for the officials
    Officials may have a specific “official loan (article Moninamia)” real estate, which comes in addition to the loan agreement. We are talking about civil servants in the broad sense: agents (holders and contractors) of the public functions of the state as well as the staffs of departments and communes. Subject to conditions of resources, it is necessary to inquire with his employer to know if one can benefit from it.
  • Loan Action Housing, former 1% employer
    This credit is granted by Action Logement to employees of private private members of the Interprofessional Housing Committee (CIL). Rates are good, but it’s not a zero rate.
  • Relay loan
    It is a loan to buy a new property without selling in the immediate future his old house or apartment. This bridge loan (article Moninamia) is repaid once the sale is concluded. It is therefore only for those who are already owners, and want to change housing.
  • Loans from supplementary pension funds and mutuals
    Some supplementary pension funds and some mutuals may grant credits to acquire a principal residence. To see with these organizations directly what are the possibilities.
  • A grant from ANAH, National Housing Agency
    The ANAH grants are intended for homeowners who occupy their old housing (over 15 years) and low income. These grants finance part of the rehabilitation and improvement of housing, up to a maximum of 20000 euros excluding taxes.

simulator of the rights of the CAF. An employee who is entitled to the APL and who wants to become the owner of any interest in making a loan agreement, or even a PAS if possible.

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