Home construction financing 2021

Many people dream of a house in the countryside or a modern villa in the city. Of the many things to take into account when building a house, this is particularly important financing a challenge. In addition to proper budgeting and building financing, there are numerous grants to choose from that make the financial effort a little easier. The following article offers an overview of current financing options. In addition to the well-known KfW Bank, there are countless other construction financing offers that you should know about.

Construction financing with KfW

Die KfW (Credit Institute for Reconstruction) is probably the best-known point of contact for construction financing. It offers numerous low-interest loans and grants for builders and homebuyers. The conditions offered by KfW are often more convenient than a conventional building loan. However, you should inform yourself in advance based on your individual situation and compare the different financing options.

The main advantage of KfW state funding is that you have the opportunity to… first years without redemption when to pay off the loan. During this period you will only pay interest on the loan and not the loan repayment. For many this is a relief after the financial burden of building a home.

The advantages of construction financing from KfW Bank are:

Possible initial phase without refund
Low interest loans
Grants that do not have to be repaid

Additional federal funding

In addition to state funding from KfW, other state funding is also available to you: for example funding from Federal Office for Economic Affairs and Export Control (BAFA)die Accommodation bonus OR Residential Riester. The various building subsidies can also partly be combined with each other and therefore offer good savings opportunities in the financial outlay that arises when building or purchasing a property.

Regional financing for construction

But in addition to state subsidies, there are also possibilities for construction financing. Many of these can be found at the regional or municipal level. These regional loans, just like state loans, are often offered in the form of low-interest loans.

The terms and conditions of these loans depend on the federal states and banks that offer them. Many of them specifically target families or set an income limit. Furthermore, living in the property to be financed is often an important criterion for these regional financings. You can find out what financing is available in your region in your federal state’s financing database or in your city hall.

THE BEGINNING: Building with high energy efficiency

Die BEG (Federal Contribution for Efficient Buildings) brings together various funding programs of KfW and BAFA. From this year it will be easier for you: in the future you will be able to join us a single application Apply for all energy efficient building financing programs (from KfW or BAFA). This funding is available in both the form of grants and loans. BEG programs support three subsectors:

Complete renovation and new construction of residential buildings
Complete renovation and new construction of non-residential buildings
Individual measures on residential and non-residential buildings

Inform and save

To ensure a smooth process for planning and financing construction, find out early. THE The request and payment of the various loans varies. There are several options available, from requesting and paying before construction begins to requesting and paying after construction is complete. In order for you to make full use of all financing options, you should have an overview here so that you do not miss deadlines and appointments.

With MARE Haus the home of your dreams

Do you want to build? Our experts in turnkey house construction in Berlin, Brandenburg and Mecklenburg-Vorpommern are happy to support you in this process: from planning to finished house. We also have various tips on construction financing on our blog and will be happy to advise you personally on the suitable financing concept if you build with us!