KfW and the Federal Ministry of the Interior for Construction and Home Affairs, provide subsidies to promote the first purchase of owner-occupied properties for families and single parents with children with the goal of promoting home ownership.
A brief explanation of the key conditions:
Who can apply? The (co-) owner of the property who is:
Entitled to a child benefit or who lives in a household with the person entitled to a child benefit, and in whose household at least one child is registered who, at the time of application, has not yet reached the age of 18 and for whom the household is entitled to a family grant
Whose taxable annual household income does not exceed 90,000 euros (for families with one child). Each additional child increases the household income limit by 15,000 euros. The children must conform to the aforementioned conditions.
What property is eligible?
Your first newly constructed or acquired property in Germany is eligible, provided that you will inhabit it yourself. If you already own a home in Germany (regardless of whether you occupy it yourself, or rent it out), you are excluded from this subsidy.
The family grant provided by KfW was inducted on the 17.09.2018, therefore, households who have purchased new properties from 01.01.2018 to 17.09.2018 can request the grant up until the 31.12.208.
Families who have moved in since the grant (from 18.09.2018), have three months following the confirmation of their registration by local authorities to apply for the grant.
How large is the subsidy?
You can receive a subsidy of € 1,200 annually for each child under the age of 18, for a maximum of 10 years. In total, you can receive 12,000 euros for each child if you live in the home for 10 consecutive years.
When and how should the grant be applied for?
You apply for the subsidy at the “KfW Grant Portal” after you have moved into the property.
What happens after the application has been submitted?
You will receive a confirmation of the application, after which you must prove your identity. In order to prove your eligibility and to receive the grant, upload the required proof in the KfW Grant Portal. KfW will then check your eligibility conditions.
Further details can be found here.
Use Hypofriend’s affordability calculator to see what you can afford based on your personal situation.