Buying your first home is a major milestone for any young person, but the hurdle of the initial down payment often seems insurmountable. Fortunately, in 2026, "Under 36" incentives remain one of the most powerful tools to transform rent payments into mortgage installments. In this article, we will explore how the Consap Guarantee Fund works, who can apply, and why now is the time to act.
What is the First Home Guarantee Fund?
The core of these incentives is the fund managed by Consap. This is not a "cash gift," but rather a state guarantee that the government provides to the bank on your behalf. In most cases, the State guarantees up to 80% of the principal of the mortgage. This allows banks to grant a so-called "100% Mortgage," financing the entire purchase price of the home without requiring the traditional 20% down payment.
Requirements for 2026
To access the maximum guarantee (80%), you must meet several key criteria:
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Age: You must not have turned 36 during the year in which the mortgage deed is signed.
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ISEE (Equivalent Economic Situation Indicator): Your annual ISEE must not exceed €40,000.
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Property Type: It must be for the purchase of your "First Home." Luxury properties (cadastral categories A/1, A/8, and A/9) are excluded.
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Mortgage Amount: The requested loan cannot exceed €250,000.
Please note: If you are over 36 or have an ISEE higher than €40,000, you can still apply for the Consap guarantee, but it is typically reduced to 50%, making it more difficult to obtain 100% financing.
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