Young Mortgage
Thinking about buying your first home? We make it easy for you
Maintaining your lifestyle and saving for your home’s down payment isn’t easy… But at ABANCA, we make it simple. We’ve joined different programs to help you cover up to 100% (1) of the price of your new home.
Features of the Young Mortgage
No fees
Up to 40 years
Apply for up to 100%
Make your dream home a reality with the ABANCA youth mortgage and the Mi Primera Vivienda program.
Check the conditions for your autonomous community:
Select your community
- Under 50 years old, large families and single-parent families, as well as anyone due to the birth or adoption of a child (in these cases, with no age limit), with legal residence in Madrid for at least two years
- No minimum IPREM required
- For homes in Madrid, must be the main residence for at least five years
- Maximum price €425,000 (excluding fees and taxes)
- Guarantee up to 100%, the lower value between the appraisal and the purchase price will be taken
- No additional guarantees allowed
- Under 36 years old, registered in Galicia and with Spanish or European nationality. *
- Minimum income: twice the IPREM. Maximum income: 5.5 times the IPREM.
- For first home in Galicia and habitual residence.
- Price between €180,000 and €260,000 (excluding fees and taxes).
- Guarantee of up to 100% of the purchase price or appraisal value, whichever is lower.
- No additional guarantees allowed.
* This age restriction does not apply in the case of purchasing a home classified as general, special, or concerted regional protection housing.
- Under 35 years old, with Spanish or European nationality
- Total income must not exceed 5 times the IPREM
- For homes in Castilla-León, which must be the main residence while the guarantee is in force
- Maximum price €240,000 (excluding expenses and taxes)
- Guarantee up to 97.5%, the lower value between the appraisal and the purchase price will be taken
- Additional guarantees allowed
- Under 45 years old, with residence in the Valencian Community for at least two years
- No minimum IPREM required
- For homes in the Valencian Community, which must be the main residence while the guarantee is in force
- Maximum price €311,000 (excluding expenses and taxes)
- Guarantee up to 100%, the lower value between the appraisal and the purchase price will be taken
- Additional guarantees allowed
- Under 36 years old with residence in Extremadura
- No minimum IPREM required
- For homes in Extremadura, must be primary residence for at least five years
- Maximum price €210,000 (excluding fees and taxes)
- Guarantee up to 95%, the lower value between appraisal and purchase price will be used
- No regulation on taking additional guarantees
- Under 40 years old, with residence in the Basque Country for at least two years in the last 5.
- Minimum income: less than €50,400/year if single applicant or €86,400/year if two applicants.
- For first home (new or second-hand) in the Basque Country and main and permanent residence while the guarantee is in force.
- Maximum purchase price: €340,000 (excluding expenses and taxes).
- Guarantee up to 100% of the purchase price or appraisal, whichever is lower.
- No additional guarantees allowed.
- Under 45 years old, with Spanish or European nationality.
- For homes in La Rioja, which must be the main residence while the guarantee is in force.
- Maximum price €300,000 (excluding expenses and taxes).
- Guarantee up to 100%, the lower value between the appraisal and the purchase price will be taken.
- No additional guarantees allowed.
- Residents in the Balearic Islands for a minimum of 5 years (continuously or discontinuously).
- Maximum income: cannot exceed the limit of 6.5 times the IPREM.
- For main and permanent residence, which must be located in the Balearic Islands.
- Maximum purchase price: €382,744.84 (excluding expenses and taxes).
- Guarantee up to 100% of the purchase price or appraisal, whichever is lower.
We are extending the young mortgage term up to 40 years
So that your mortgage payment doesn't become a burden, if you or any of the holders are under 35 years old and the requirements of the My First Home Agreement of your Autonomous Community are met, you can extend your mortgage term up to 40 years.
(1) The financing percentage of the My First Home agreement varies depending on the autonomous community. Taxes and expenses are excluded.
Do you have questions about the Young Mortgage? We have answers.
Questions
Si quieres rebajar la cuota mensual, con nuestra Hipoteca Mari Carmen dispones de una serie de bonificaciones que te pueden ayudar. Te aconsejamos que hagas una simulación de cómo sería tu hipoteca respondiendo a unas preguntas sobre la compra de la vivienda y tu situación personal. Podrás comprobar cuál sería la cuota mensual de tu Hipoteca Mari Carmen y las distintas posibilidades que tienes para rebajarla, y así obtener la mejor opción para tí.
La Hipoteca a tipo fijo Mari Carmen es una hipoteca con la que pagarás siempre la misma cuota, desde el primer mes hasta el último, con la tranquilidad que eso supone. Además cuenta con un tipo de interés muy competitivo que puedes mejorar con el sistema de bonificaciones, haciendo que sea aún más reducido. Haz tus cuentas.
Además, no tendrás que hacer frente a los gastos de notaría, registro ni gestoría. ¡Y no tendrás comisión de apertura!
Tienes toda la información en la FIPRE y en las Condiciones Generales del contrato, dos documentos que deberías leer con detenimiento si finalmente te decides a comprar casa.