First home mortgage guarantee fund in Italy 2020

Mortgage guarantee fund 2020 / Gtres
4 March 2020, Redaction

Are you thinking of buying or renovating your first house in Italy? The good news is that in Italy, there is a mortgage guarantee fund for first time buyers, especially for those in the economically weaker categories. This first home mortgage guarantee fund, financed by the public insurance services dealer, Consap, has been confirmed for 2020.

The process therefore remains the same as in previous years: anyone wishing to buy or renovate their first home or make it more energy efficient can apply to the banks participating in the initiative. At the time of its creation in 2014, this fun was aimed exclusively at citizens proved to be in an economically weaker position (young couples, single parents, temporary workers under 35) and these are categories that certainly have priority, but it is worth noting that in 2020, applications are not exclusively for those in this category.

To access the initiative, the following requirements are compulsory:

  • Applicants must not own other "first home" properties 
  • The purchased property must be used for residential purposes, located on Italian territory and not be registered as a luxury building
  • The amount must not exceed 250,000 euros.

The guarantee, if the application is accepted, will be extended to 50% of the capital value of the property. The APR (Annual Percentage Rate) of this loan is also settled and must not exceed the average interest rate published each month by the Ministry of the Economy.

In its first five years, the Fund was financed by 700 million euros and 174,367 applications were submitted, of which 155,004 were for the payment of mortgages, for a total value of approximately 17.38 billion. The applicants were young people between 20 and 35 years of age in 60% of the cases, and in 97% of the cases, the application was one with the purpose of buying a property. For more information, check out the Italian Treasury Department's website.

Original article seen at: el First Home Guarantee Fund, una mano para comprar o renovar (

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