Requirements for obtaining Government Agency 2018 mortgages
Despite the particularly low interest rates and the various promotions on the market, the Social Institute ex Government Agency mortgages continue to represent an interesting offer. But who can apply for Government Agency mortgage?
These are loans granted by Social Institute to public employees and pensioners. For access to credit, a number of requirements must be met. First of all, it is necessary to be enrolled in a special Fund, the Unitary Management of credit and social benefits.
The applicant must also be able to count on at least one year of membership in the aforementioned Fund. For civil servants it is also necessary to be hired with a permanent contract.
Although Social Institute ex Government Agency mortgages are granted for various purposes, those who fall into the audience of those who can request Government Agency mortgages must also comply with an additional requirement, relating to the home. In order to obtain funding, neither the applicant nor the other members of his family must be owners of any home located on the national territory.
However, there are some exceptions to this. To give an example, among those who can apply for Government Agency mortgage we also find the owners of a house, assigned to the other spouse with a judicial separation order.
How to apply for Government Agency mortgage
However, compliance with the above requirements does not guarantee access to credit. The Social Institute ex Government Agency mortgages are in fact granted in compliance with the funds set aside annually by the Social Institute. The resources are broken down by four-month periods and if the applications presented exceed the availability of the Social Institute, a ranking list is drawn up.
The ranking is drawn up taking into account two criteria: composition and income of the applicant’s family. As regards the transmission of the application, this must be done online, using the services made available by Social Institute.