Starter Loan

a few meters in the yellow zone, limited budget available

Are you looking to buy your first home, but is the price too high to qualify for a mortgage? To make buying your first home possible, you can apply for a Starter Loan. The Starter Loan is an additional loan on top of your regular mortgage, with favorable Requirements. More information can be found on the SVn website (Stimuleringsfonds Volkshuisvesting Nederlandse gemeenten).

SVn Starter Loan

The budget for Starter Loans is almost exhausted, so we will be closing our office on April 10. Your application may not be processed until the office reopens. 

How does it work?

You take out the additional loan with SVn. Anyone who wants to apply for a Starter Loan needs permission from the municipality. If you meet the Requirements , you Requirements an allocation letter from the municipality. You can use this letter to apply for the loan.

What to do.

Starter loan application

You apply for a starter loan from the municipality. The municipality assesses your application based on a number Requirements. If the application is complete and you meet the Requirements, you will receive an allocation letter within eight weeks. You must submit this letter to SVn. SVn will perform a financial assessment and determine the amount of your starter loan or possibly reject your application. Once your loan has been approved, SVn will manage your loan.

Requirements

  • You are of legal age
  • The property to be purchased is located or is being built in the municipality of Geldrop-Mierlo.
  • You are buying a house for the first time. Is your partner also an applicant? Then you must both meet this condition.
  • The applicant(s) must live in the property for which the loan is being requested.
  • The Starter Loan is for the purchase of existing and new-build homes with a maximum purchase (contract) price of the maximum NHG limit, including improvement costs and additional work.
  • Energy-saving improvement costs and additional work are permitted.
  • The purchase always complies with the most current NHG Requirements standards.
  • The loan amount is capped at 20% of the NHG cost limit, with a maximum of €40,000.

All Requirements found on the SVn website. View the Starterslening regulation via Overheid.nl.

Questions?

Do you have questions about the Starter Loan in general? Please contact SVn at 088 – 253 94 00 or send an email to info@svn.nl.

Do you have any questions about municipal Requirements? Please contact Strategy and Spatial Policy on 040 289 38 93.

Of course, more information is also available from your mortgage lender.