Youth housing loan for first home purchase

Youth mortgage for your first home: how it works

The youth mortgage is designed to support young people up to 35 years old in purchasing their first permanent home, through specific conditions that can reduce initial costs and facilitate access to financing.

Visão Financeira acts as an independent credit intermediary, comparing offers from various banks and monitoring the entire process, so you can understand if these conditions apply to your case.

What is young housing credit

Young housing credit is a housing credit solution with specific rules for young people up to 35 years old who wish to buy their first home for permanent residence.

This framework may include:

- Differentiated financing conditions;
- Reduction of initial purchase costs;
- Public support in certain situations.

The conditions vary depending on the bank and the client's profile, and an individual analysis is always required.

Who can benefit from youth credit

Young people up to 35 years old

First-time buyers of permanent housing

Residents in Portugal

Clients with income compatible with the installment

Advantages associated with young housing credit

Financing up to 100%

In certain cases, it may be possible to finance up to 100% of the property's value, through the State's Personal Guarantee, reducing the need for an initial down payment.

Tax exemptions

When purchasing the first home, the following exemptions may apply:

- IMT;
- Stamp Duty;
- Registration costs.

These exemptions significantly reduce costs at the time of purchase.

Request your young housing credit simulation

Filling out this form is the first step to understand if you can benefit from the young housing credit conditions. After submission, the Visão Financeira team will review the request and contact you to clarify doubts, explain the available options, and assist throughout the process.

Financing up to 100%: what you need to know

100% financing is not automatic and depends on:

- the client's financial profile;
- compliance with the defined criteria;
- the bank's risk analysis.

The State Guarantee allows the bank to finance the full value of the property, but each case must be evaluated individually.

Tax exemption on the first home

When applicable, tax exemption can represent a significant saving at the time of purchase.

It is important to confirm:

- if the property meets the legal criteria;
- if the buyer meets the required conditions.

This verification should be done before the deed.

Young credit vs traditional housing credit

9925b1801eea52cac1581909462635ed5b66b4f3 (1)

Young housing credit

- Can allow financing up to 100%
- Tax exemption (when applicable)
- Aimed at young people up to 35 years old
- Specific rules

aec3c9f64a477a98ba0dc0be84eeff9aa3693c86

Traditional housing credit

- Usually requires a down payment
- Higher initial costs
- No age limit
- Standard conditions

How the process works with Financial Vision

1. Analysis of the profile and objectives.
2. Verification of eligibility for youth credit.
3. Comparison of proposals from various banks.
4. Clear explanation of the conditions.
5. Follow-up until approval.
6. The process is monitored from start to finish.

Want to know if the young housing credit applies to your case?

The best way to understand if you can benefit from these conditions is through a personalized analysis, based on your financial profile.

Request youth credit simulation

Frequently Asked Questions about Young Housing Credit

1What distinguishes young housing credit from traditional housing credit?

The young housing credit is aimed at young people up to 35 years old who wish to acquire their first permanent home. It may include differentiated conditions, such as financing up to 100% and exemption from some initial taxes. On the other hand, traditional housing credit applies to any age and generally requires a down payment and covers all costs associated with the purchase.

2Is it really possible to finance 100% of the property's value?

In certain cases, yes. Financing up to 100% may be possible through the State's Personal Guarantee, which reduces the risk for the bank. However, this possibility always depends on the analysis of the financial profile, income, effort rate, and compliance with the defined criteria. It is not an automatic or guaranteed condition for all young people.

3What is the State's Personal Guarantee and how does it work?

The State's Personal Guarantee is a mechanism that allows the bank to grant financing above the usual limits, potentially reaching 100% of the property's value. The State acts as a guarantor for part of the risk, but the client remains responsible for the full repayment of the credit. The application of this guarantee depends on the rules in force and the bank's approval.

4What taxes can be exempted when purchasing the first home?

When applicable, the young housing credit may allow exemption from:

- IMT (Municipal Tax on Onerous Property Transfers)
- Stamp Duty
- Registration fees

These exemptions apply only to the first permanent own residence and depend on compliance with the legal criteria in force at the time of purchase.

5Is the tax exemption automatic?

No. The exemption depends on the legal framework, the value of the property, the profile of the buyer, and the purpose of the housing. It is essential to confirm if all conditions are met to avoid unexpected costs at the time of the deed.

6Can I apply for the young housing credit if I buy a house as a couple?

It depends on the situation. If both are under 35 years old, the framework is simpler. If only one member of the couple meets the age criterion, eligibility and conditions depend on how the credit is structured and the bank's rules. Each case must be analyzed individually.

7And if I have had a house in the past, can I benefit from the youth credit?

Generally speaking, the young housing credit is intended for the purchase of the first permanent home. Having owned a property previously may exclude access to some advantages, but eligibility depends on the specific history and context. It is important to analyze the specific case.

8What are the criteria that banks analyze in this type of credit?

Just like in any home loan, banks analyze:

- income and professional stability;
- effort rate;
- age and term of the loan;
- financial history;
- value and appraisal of the property.

The fact that it is a young loan does not eliminate the risk assessment.

9Does the young housing loan have lower spreads or rates?

There is no single or guaranteed lower rate. The conditions vary between banks and depend on the customer's profile. In some cases, the youth framework can facilitate access to financing, but the rates should always be compared carefully.

10How long does the young housing credit process take?

The deadline depends on the speed of document delivery, the complexity of the process, and the chosen bank. On average, the process can take several weeks from the initial analysis to final approval. Monitoring helps make the process clearer and more organized.

11Can I simulate the youth credit before proceeding with the purchase?

Yes. The simulation is an important step to understand if the youth credit fits your profile, what the monthly payment might be, and what the associated costs are. However, the simulation is always indicative and should be validated with a personalized analysis.

12What is the role of the Financial Vision in young housing credit?

A Visão Financeira acts as an independent credit intermediary. It analyzes your profile, checks eligibility for youth credit, compares proposals from various banks, and explains the conditions clearly. Support is provided throughout the entire process and is free of charge for you.