As a rule of thumb, at least the purchase costs should be covered by your own funds. In Rhineland Palatinate, real estate transfer tax, notary, land registry and any broker commission add up to around 10 to 12 percent of the purchase price. The more equity you contribute, the better the terms usually are. Depending on income and property, financing with little equity is also possible.

We check your affordability within 48 hours once your documents are complete. The binding commitment from the bank follows after the property and documents have been reviewed, usually within a few days.

The consultation is free of charge for you. We are paid by the financing bank if a loan is concluded.

For an initial assessment, your ID, proof of income for the last three months, your latest pension statement and proof of equity are sufficient. Self employed clients also provide their latest annual financial statements and tax assessments. For the property we need the exposé, land register extract, floor plan, living space calculation and photos. We will send you a complete checklist.

In addition to the nationwide KfW programmes for home ownership and energy efficient building and renovation, ISB, the development bank of Rhineland Palatinate, offers low interest loans for buying and building owner occupied homes. We check which programmes suit you and how they can be combined.