Advice on buying a residential property
<p>The Bayerische Landesbodenkreditanstalt provides low-interest loans to middle-income households for the purchase of residential property.</p>
<p><strong>Bayern Loan - Bavarian Interest Reduction Programme</strong></p>
<ul>
 <li>Loan amount: <span>15,000 euros; up to a maximum of 30% of the total costs</span></li>
 <li><span>Occupancy commitment: 15 years</span></li>
 <li><span>Fixed interest rate: 10, 15 or 30 years</span></li>
 <li><span>Repayment: <span>for a 10 or 15-year term: 2% per annum plus the interest saved from the 2nd year of the loan term; <span>for a 30-year term: full repayment</span></span></span></li>
 <li><span>Interest rate: see <a href="https://bayernlabo.de/foerderinstitut/zinsinformation/zinsinformationen-eigenwohnraum" target="_blank">interest information on owner-occupied housing</a></span></li>
</ul>
<p><strong><span><span><span><span>Loan from the Bavarian Housing Programme</span></span></span></span></strong></p>
<ul>
 <li><span><span><span><span>Loan amount: maximum 50,000 euros</span></span></span></span></li>
 <li><span><span><span><span><span>Occupancy commitment: 15 years</span></span></span></span></span></li>
 <li><span><span><span><span><span><span>Fixed interest rate: 15 years</span></span></span></span></span></span></li>
 <li><span><span><span><span><span><span><span>Repayment: the first two years are repayment-free, thereafter 1% per annum with growth of the interest saved</span></span></span></span></span></span></span></li>
 <li><span><span><span><span><span><span><span><span>Interest rate: 0.5% per annum</span></span></span></span></span></span></span></span></li>
 <li><span><span><span><span><span><span><span><span>In addition, a <strong>child subsidy</strong> of 7,500 euros per child and a <strong>subsidy for the second purchase</strong> of 10% of the eligible costs up to a maximum of 50,000 euros can be granted.</span></span></span></span></span></span></span></span></li>
 <li><span><span><span><span><span><span><span><span>Funding under the Bavarian Housing Programme can only be applied for together with the Bavarian Interest Reduction Programme!</span></span></span></span></span></span></span></span></li>
</ul>
<p><span><span><strong><span>We will check compliance with the subsidy regulations and the eligibility of the property in a comprehensive information meeting!</span></strong></span></span></p>
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# Advice on buying a residential property

## Summary

If you want to buy a residential property for your own use and have a medium income, we can advise you on the subsidy options offered by the Free State of Bavaria.
## Description

The Bayerische Landesbodenkreditanstalt provides low-interest loans to middle-income households for the purchase of residential property.

**Bayern Loan - Bavarian Interest Reduction Programme**

* Loan amount: 15,000 euros; up to a maximum of 30% of the total costs
* Occupancy commitment: 15 years
* Fixed interest rate: 10, 15 or 30 years
* Repayment: for a 10 or 15-year term: 2% per annum plus the interest saved from the 2nd year of the loan term; for a 30-year term: full repayment
* Interest rate: see [interest information on owner-occupied housing](https://bayernlabo.de/foerderinstitut/zinsinformation/zinsinformationen-eigenwohnraum)

**Loan from the Bavarian Housing Programme**

* Loan amount: maximum 50,000 euros
* Occupancy commitment: 15 years
* Fixed interest rate: 15 years
* Repayment: the first two years are repayment-free, thereafter 1% per annum with growth of the interest saved
* Interest rate: 0.5% per annum
* In addition, a **child subsidy** of 7,500 euros per child and a **subsidy for the second purchase** of 10% of the eligible costs up to a maximum of 50,000 euros can be granted.
* Funding under the Bavarian Housing Programme can only be applied for together with the Bavarian Interest Reduction Programme!

**We will check compliance with the subsidy regulations and the eligibility of the property in a comprehensive information meeting!**

## Responsible Department

PLAN
## Required Documents

* Details of the purchase price / costs of the property
* Exposé / floor plans of the property
* Information on the amount of available equity
* Proof of income for the last 12 months
* You do not need to bring any application forms to the consultation!

## Prerequisites

* You have a medium income. You can find the current income limits and allowances [in this overview](https://stadt.muenchen.de/dam/Home/Stadtverwaltung/Referat-fuer-Stadtplanung-und-Bauordnung/Stadtsanierung-und-Wohnungsbau/wohnung/WoBauFoerderung/2013_Einkommensgrenzen-staatliche-Foerderung).
* The property is located in the Munich city area.
* Your household must have at least 20% of the total costs available in equity.
* You must be able to bear the burden of the property purchase in the long term.
* The size of the property must be suitable for your household.

## Please Note

* The information meeting takes place **before** the application is submitted.
* You will only receive a list of the necessary application documents during the meeting with us.
* The subsidy can only be applied for **before** the purchase contract is signed or construction begins!

## Legal Basis

[Bavarian Housing Promotion Act (BayWoFG](https://gesetze.legal/bayern/baywofg)) and [Housing Promotion Regulations](https://www.gesetze-bayern.de/Content/Document/BayVV_2330_B_13734/true)(WFB) 2023

## Questions and Answers

 
### How much can I earn to receive a subsidy?

 

You can find the current income limits and allowances [in this overview](https://stadt.muenchen.de/dam/Home/Stadtverwaltung/Referat-fuer-Stadtplanung-und-Bauordnung/Stadtsanierung-und-Wohnungsbau/wohnung/WoBauFoerderung/2013_Einkommensgrenzen-staatliche-Foerderung).   


   
### Does my marital status affect the subsidy?

 

In Munich, priority is given to families and cohabiting couples with children, single parents and young married couples or civil partnerships.  


   
### Do I have a legal entitlement to the funding?

 

No, there is no legal entitlement.  


   
### What about properties outside Munich?

 

Please contact the respective district office or the respective independent city. The City of Munich is only responsible for properties in the Munich city area.  


   
## Further Links

* [Income limits and allowances](https://stadt.muenchen.de/dam/Home/Stadtverwaltung/Referat-fuer-Stadtplanung-und-Bauordnung/Stadtsanierung-und-Wohnungsbau/wohnung/WoBauFoerderung/2013_Einkommensgrenzen-staatliche-Foerderung)
* [Interest information on owner-occupied housing](https://bayernlabo.de/foerderinstitut/zinsinformation/zinsinformationen-eigenwohnraum)
* [Application forms](https://www.stmb.bayern.de/wohnen/foerderung/wohneigentum/index.php)
* [Subsidy programmes in Bavaria for owner-occupied housing](https://bayernlabo.de/eigenwohnraumfoerderung/eigenheimfinanzierung/)
* [Credit Institute for Reconstruction](https://www.kfw.de/kfw.de.html)

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