Purchasing a property is a decision that requires professional expertise and careful planning. Financing is a key issue, which is why it is essential to have up-to-date, reliable information at your disposal. Our company, GRG, believes that premium quality applies not only to the properties in our portfolio but to every aspect of customer service. This comprehensive document introduces the currently most favourable state-supported mortgage scheme, the so-called 3% Otthon Start Program.
This loan product offers a unique opportunity for first-time homebuyers. The program aims to support home acquisition by providing a fixed 3% interest rate for the entire loan term. Importantly, this scheme is significantly more favourable than most market alternatives, and neither marriage nor having children is required to qualify.
Maximum loan amount: Up to HUF 50 million.
Term: Up to 25 years.
Interest rate: Fixed at 3% for the entire term.
Eligible applicants: Primarily Hungarian citizens who do not hold more than a 50% ownership share in residential property and who meet the bank’s credit assessment criteria.
Down payment: Accessible with as little as a 10% down payment.
The applicant’s income alone may not always be sufficient to secure the desired loan amount. In such cases, it is worth considering adding a co-borrower.
Who can be a co-borrower? Anyone who meets the personal eligibility requirements for the loan application, such as being at least 18 years old, having no criminal record, and having at least two years of continuous social security coverage. It is particularly common for parents or close relatives to take on this role.
How can it help? By involving a co-borrower, the bank assesses the incomes of both parties jointly, which can significantly increase the eligible loan amount and bring you closer to purchasing your dream home.
The loan amount is heavily influenced by your income, which is governed by the Repayment-to-Income Ratio (JTM). This is a regulatory limit applied by banks that determines what percentage of monthly net income may be allocated to loan repayments.
Required income depending on the loan amount:
HUF 10 million loan: Monthly repayment for a 25-year term at 3% interest is approximately HUF 47,400, which requires at least a net income of HUF 95,000 (for incomes below HUF 600,000).
HUF 25 million loan: Monthly repayment for a 25-year term at 3% interest is approximately HUF 118,500, which requires at least a net income of HUF 237,000.
HUF 50 million loan: Monthly repayment for a 25-year term at 3% interest is approximately HUF 237,100, which requires at least a net income of HUF 475,000.
Please note that these figures are indicative. Banks’ internal rules may vary, and creditworthiness is always evaluated on an individual basis.
We understand that loan administration can be a complex and time-consuming process, especially when the goal is to purchase a property. That is why the GRG team includes an experienced loan officer who is ready to assist you in thoroughly exploring this topic and finding the financing solution best suited to your needs.
Browse our portfolio for properties eligible for financing, or if you do not find a property that matches your expectations, our senior sales representatives will be happy to assist you and support your search.
Contact us with confidence — we will guide you every step of the way, from the initial stages to the handover of the keys.
