It is a state aid program to buy a first home for people up to the age of 35. It relys on granting a mortgage on preferential terms. The surcharge is one-off and ranges from 10% to 20% as the product of the area of the apartment and the replacement cost of 1 m2 of a flat established in a given locality. The granting includes real estate purchased on the primary and secondary markets.
Who and what is the MdM program?
What does founding look like?
The amount from the state goes directly to the credit account. The currency of the loan is Polish zloty, and the loan itself is at least half the value of the apartment purchased. The loan is to be repaid at least 15 years. In the case of spouses, they must jointly apply for an MdM loan. MdM can not use persons who are already owners or co-owners of the apartment. This condition does not apply to persons with a minimum of three children.
When can I apply?
The planned closing of applications is dated December 31, 2018, unless the funds remain available for distribution.
Where can I get help?
If you are interested in the program, we invite you to familiarize yourself with the Lending page and contact our representative.
How do I get additional information?
These can be found on the Ministry website at the Youth Housing Program.