Alkmaar starter loan increased
Attention starters: the starter loan in Alkmaar has been improved
You have been looking for your own home for months. Now you pay a large amount of rent every month, while you would much rather build something of your own. But finding an affordable home in Alkmaar is not possible. Then just stay put in your rental home? Maybe that's not necessary. There is a solution: the starter loan.
What is the starter loan?
The starter loan is, as the name suggests, a helping hand for starters on the housing market. It is an extra loan on top of your mortgage that allows you to bridge the difference between your maximum mortgage and the purchase price of your home. So it gives you extra financial space. Also nice: you only start repaying the starter loan after 3 years. This way you will not immediately have high monthly costs.
About 200 municipalities in the Netherlands offer a starter loan. This also includes the municipality of Alkmaar. And that is desperately needed, because house prices in this region are often too high for starters. For example, there are currently 340 houses for sale in Alkmaar. Only 8 of them have an asking price under €XNUMX. Of course, as a starter you will never get an offer with such prices.
Alkmaar is increasing the maximum purchase price for the starter loan
A maximum home price applies to a starter loan. After all, it is intended for starters with a smaller budget. In the municipality of Alkmaar this maximum was €248.000. But, as we just saw, there are hardly any homes for sale for that amount.
Fortunately, the city council has decided to increase this amount to no less than €292.000. This change will take effect in 2024. Are you currently looking for your first home in Alkmaar? Then this is good news for you!
How do you apply for a starter loan in Alkmaar?
For a starter loan you need two things: a grant from the municipality and approval from the Housing Incentive Fund (SVn). You can apply for the grant from the municipality of Alkmaar here: https://www.alkmaar.nl/direct-regulen/wonen-verhuizen-en-verbouwen/starterslening/
In any case, you must meet the following conditions:
It is your first home to purchase
You have been registered in Alkmaar for at least 1 year
The house costs a maximum of €292.000 including any renovation costs
You need a maximum of 20% extra of the purchase price to arrange financing.
Do you receive the grant from the municipality? You can then apply for your starter loan from the SVn. You can read all the conditions and information about this here: SVN starter loan
An example
You are a starter and have found your dream home in Alkmaar: a cozy house just outside the city center. The house is yours for €292.000. But your maximum mortgage turns out to be only €233.600. You can still buy this house with the starter loan. You are entitled to a maximum of 20% of 292.000: that is 58.400. Thanks to the increase in the maximum purchase price for a starter loan, you are eligible for this.
Are you looking for your first home to purchase?
Do you want to buy your first house in Alkmaar or the surrounding area? Exciting! There is a lot to consider in this search. What are your financial options, what housing needs do you actually have, what should you pay attention to during a viewing, what should you offer? It can be nice to have an expert watch with you. If you are interested in this, please contact us. As a local real estate agent, we know everything about the housing market in Alkmaar and are happy to help you find your dream home.
