IFB Owner-Occupied Home Loan Used Property

IFB Home Loan for Existing Properties supports families in the initial purchase and energy-efficient renovation of owner-occupied residential property in Hamburg. As a low-interest loan (2% p.a. over 15 years), it complements traditional bank financing subordinately and promotes existing properties with energy classes D to H. Up to €180,000 can be used for purchase price costs, incidental acquisition costs, and modernization measures, whereby the energy renovation must mandatorily meet at least the Efficiency House standard C. Applications can be submitted year-round at a financial institution with an IFB cooperation agreement and must be filed no later than immediately after the notarized purchase contract is concluded.

Eligible applicants are natural persons with at least one minor child, whose taxable household income does not exceed the threshold values (1 adult: €75,000, 2 adults: €100,000 plus €20,000 per child). The project duration is 180 months, during which fixed interest rates and repayment terms provide predictable financing security. To apply, documentation including self-disclosure, salary statements or annual financial statements, proof of financing and equity, property exposé or draft purchase contract, land register excerpt, energy certificate, living area calculation, property photos, and a detailed modernization concept must be submitted. This comprehensive documentation ensures prompt review and approval by IFB Hamburg. The loan can be combined with other funding, provided the total amount does not exceed the eligible expenses. Interested households can obtain all further details about the application process and additional funding opportunities through cooperating financial institutions.