Financial assistance in the form of zero-interest housing loans, valued up to EUR 60,000, offered exclusively to single-parent families, marking a first-time initiative.
First-time Home Buyers Score Big With Zero-Interest Loans
📸 Credit: Robert Herhold/Adobe StockBy Christine Lejoux Real Estate EditorPublished on , last modified on
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While soaring mortgage interest rates in 2022 and 2023 have caused a squeeze for first-time buyers, these homebuyers continue to receive support from developers and banks. Today, June 5, Nexity and Sofiap provide another example, offering zero-interest loans for up to 10,000 euros per room or a max of 50,000 euros for a T5 property from Nexity to first-time buyers purchasing their primary residence.
For single-parent families, the loan can bump up to an unprecedented 60,000 euros on the mortgage market. Nexity also highlights that nearly one in four families in France is a single-parent family, with a woman leading the majority of these households (over 80%).
While similar zero-interest loans, such as the state's PTZ, have income requirements, this new loan offer is not subject to any such conditions. The loan can be combined with other financing options available to first-time buyers, including the "1% employer's contribution" from Action Logement or the government's PTZ.
This offer lasts for 12 months until June 2026. From June 2 to July 20, 2025, notary fees will also be waived for first-time buyers who sign up, representing a typical 2-3% of the purchase price for new builds. Earlier this year, Nexity partnered with LCL to offer up to 50,000 euros in interest-free credit to young people buying their primary residence for the first time but this promotion ended on April 30.
Notary Fees Waived Ahead
Unlike the state's zero-interest loan, the granting of this new loan is not subject to income conditions. This loan integrates with a principal mortgage taken out with Sofiap, allowing buyers to choose their preferred bank. The financing must cover the purchase of a new home built by Nexity and can be combined with other financing options, like the state's PTZ.
For further insights, it's worth noting that zero-interest or low-interest loans for specific purposes, such as supporting new farmers, exist. For example, Crédit Agricole offers the "Coup de pouce PTZ Agri-Viti" loan with zero rates to aid a new generation of farmers[1]. Although zero-interest loans for first-time home buyers are less common, various programs and incentives are available in many regions to assist with down payments or lower mortgage rates for new homeowners. If you're interested in programs from Nexity and Sofiap, it would be best to contact them directly or visit their official websites for information about any available offers and eligibility criteria.
See Their PublicationsRelated articles * Mortgage* Property Purchase* Zero-Interest Loan* PTZ* Interest Rate
[1] "Coup de pouce PTZ Agri-Viti" - Crédit Agricole (https://agriculture.credit-agricole.fr/aide-financiere/emprunt-zero-interet-coup-de-pouce-ptz-agri-viti) [Retrieved June 6, 2023]
Here are two sentences that contain the given words in the context of the provided text:
- First-time buyers can consider investing in personal-finance strategies like combining zero-interest loans from Nexity and Sofiap with other financing options such as the "1% employer's contribution" from Action Logement or the government's PTZ to secure their primary residence.
- Real-estate developers like Nexity offer various programs and incentives, including zero-interest loans, to assist first-time buyers in affording their primary residence, demonstrating the importance of housing finance in promoting homeownership.
