Buying a new home is not an easy task, nor is it accessible to all citizens in our country. Here, important factors come into play, such as our job, savings, and the high cost of houses right now.
That is precisely why we should take our time when choosing this new home to find the one that best suits our needs. Obviously, price is very important here, so we should also carefully choose the bank with which we are going to take out a mortgage. For most people it would be impossible to buy a home without taking out a mortgage loan.
The problem here arises when we do not have any previous savings, so we are faced with the need to request 100% of the cost of the house in the form of a mortgage. It should be noted that not all banks give us this opportunity, since many require a prior down payment, which is usually between 10% and 20%. This becomes a major obstacle for many citizens who want to enter into the purchase of their home.
Well, for all those who find themselves in this uncomfortable situation at the moment, we must bear in mind that we can turn to one of the banks that now give us this opportunity. We are talking about the possibility of requesting 100% of the mortgage, paying, of course, 10% of the management costs independently and in advance. And these banks that we are talking about have just joined the so-called ICO guarantees.
Requirements to request 100% of the mortgage, without a down payment
However, in order to benefit from this request for the full mortgage without paying a down payment, we will have to meet a series of mandatory requirements.
Therefore, if you are interested in this option when purchasing your new home, these are the requirements you must meet to benefit from these conditions.
- Be under 35 years old.
- Those over 35 years of age must have children in their care.
- Not having been an owner in the past.
- Have a maximum salary of 37,000 euros per year.
- Not having assets exceeding 100,000 euros.
Once we have fully met these requirements, we can approach one of the banking entities that are part of the ICO guarantees. However, we must also know that not all banks give us this possibility of requesting 100% of the mortgage, without a down payment. That is why below we will also show you the list of these entities that offer us this possibility at this time.
- Santander Bank.
- BBVA.
- Ibercaja.
- Evo Bank.
- Ontinyent Savings Bank.
- Arquia Bank.
- UCI: Real Estate Credit Union.
- Almendralejo Rural Bank.
- Abanca banking corporation.
- Spanish Cooperative Bank.
- Cajasiete, Rural bank.
- Rural Bank of Extremadura.
- Rural Bank of Soria.
- Rural Bank of Teruel.
- Rural Bank of the South.
- Rural Bank of Granada.
- Rural Bank of Salamanca.
- Utrera Rural Bank.
- Caja Rural San José de Alcora.
- Rural Bank of Jaén, Barcelona and Madrid.
- Rural Bank of Zamora
- Galician Rural Bank.
- Regional Rural Bank.
- Rural Savings Bank of Cañete de las Torres.
- Gijón Rural Bank.
- Caixa la Vall.
- Popular Bank.
- Rural Bank of Nueva Carteya.
- Rural Bank of Aragon.
- Caixabank.
- Central Rural Bank.
- Rural Savings Bank of Asturias.
- Our Lady of Hope Rural Bank of Onda.
- Algemesi Rural Bank.
- Albal Rural Bank.
- Cajamar.
- Torrent rural bank.
- Petrer Rural Bank.
- Rural Tourism Bank.
- Cooperative Social Credit Bank.
- Alquerias Rural Bank of the lost child.
- José de Burriana Rural Bank.
- Callosa Rural Bank.
- Vilareal Catholic Agrarian Rural Bank.
- Cheste Rural Bank.
- Junquera de Chilches Rural Bank.
- San Jose Rural Savings Bank of Nules.
- San Roque de Almenara Rural Bank.
- Caja Rural Sant Josep de Vilavella.
- Villar Rural Bank.
- Caja Rural de San Vicent Ferrer.
- Globalcaja.
- Unicaja.
- Pueyo Bank
- Cajaviva.
- Alginet Rural Bank.
- Caixa Rural Altea.
- Caja Rural San Isidro de Vilafames.
- Baena Rural Bank.
- Sabadell Bank.
- Bankinter.
From there, all we have to do is choose the bank that interests us the most from those mentioned, to find out its conditions and request 100% of the mortgage.
