What it guarantees
Up to 20% of the amount of the loan (up to 25% if the home has a good energy rating).
Young mortgage · Spain
Buy your first home while you're young.
The young mortgage lets you access your first home with up to 100% financing thanks to the ICO guarantee. We tell you whether you qualify and negotiate with 30+ banks. No cost until you sign.
Young mortgage · at a glance
- 100%financing possible with the ICO guarantee
- ≤36years old to join the programme
- 20%of the loan guaranteed by the State
- 24hto know whether you qualify
Free, no-obligation study.
What is a young mortgage?
It's not a single product from one bank, but the set of conditions, discounts and guarantees designed to help young people buy their first main home in Spain.
The biggest obstacle to buying a home when you're young is usually not the monthly payment but gathering the deposit: banks generally finance up to 80% of the appraisal value, so you have to put down the remaining 20% plus costs and taxes. This is where young mortgage support and, above all, the ICO guarantee come in, raising the financing percentage and reducing the savings you need upfront.
The ICO guarantee, step by step
Through an agreement with the ICO, the State acts as guarantor of part of your mortgage. You don't receive that money: it works as additional security for the bank so it can finance a higher percentage.
What it's for
So the bank can finance you above the usual 80% and reach up to 100% of the purchase price.
Who it's for
People up to 35-36 years old and families with dependent children buying their first main home.
What financing percentage can you get?
The mortgage financing percentage is the share of the price the bank lends you. The higher it is, the less savings you need. This is the indicative reference:
| Situation | Usual financing | Deposit needed |
|---|---|---|
| General case | 80% | 20% + costs |
| First home | 90% | 10% + costs |
| Young mortgage with ICO guarantee | 100% | Only costs and taxes |
Indicative figures. The final percentage depends on your profile, the appraisal and each bank. At MG Credit we negotiate to get you the highest possible percentage.
Requirements for the young mortgage
- Be up to 35-36 years old (or a family with dependent children).
- The purchase must be your first main home.
- Income within the programme's limits (around €37,800 gross per year per person, higher for joint purchases and per child).
- Job stability and a payment history without serious incidents.
- That the payment does not exceed roughly 30-35% of your net income.
- Residency and circumstances meeting the bank's and the guarantee's conditions.
The conditions of the ICO guarantee depend on current regulations and may change. Always confirm them before committing: we review it with you for free.
Fixed, variable or mixed: which suits you?
Once the financing percentage is sorted, you choose the interest type. With a fixed-rate mortgage you pay the same amount for the whole life of the loan; with a variable one, your payment goes up or down with the Euribor; and a mixed one combines a first few fixed years and the rest variable. There's no single best option for everyone: it depends on your profile, your risk tolerance and the market. We help you decide with numbers, no pressure.
How we help
4 steps.
Zero
surprises.
From the first call to signing before the notary, we are with you every step of your young mortgage.
01
First call
You tell us your age, income and savings. 15 minutes, no obligation.
02
We check the guarantee
We see whether you meet the ICO guarantee and young mortgage requirements.
03
We negotiate 30+ banks
We look for the highest financing percentage at the best interest rate.
04
Sign & close
We coordinate notary and signing. Our fee only if you sign.
Frequently asked questions
Young mortgage: common questions.
It's the set of conditions, discounts and guarantees designed to help a young person (usually under 35-36) buy their first main home. With the ICO guarantee, up to 100% of the purchase price can be financed.
Most programmes and the ICO guarantee line target people up to 35-36, plus families with dependent children. The exact age limit depends on the current call and on each bank.
Generally banks finance up to 80% of the appraisal value; for a first home we can reach 90%, and with the ICO guarantee it is possible to reach 100% if you meet the age and income requirements.
The ICO guarantee covers part of the deposit, so you may need less initial savings. Even so, it's wise to have money for the costs and taxes of the purchase. We calculate it with you in the free study.
Mainly: be up to 35-36 (or a family with children), it must be your first main home and not exceed certain income limits (around €37,800 gross per year per person, higher for joint purchases and per child). Exact conditions depend on current regulations.
Free study
Do you meet the young mortgage requirements?
Tell us your age, income and savings and within 24h we'll tell you what financing percentage we can get you. Free and with no obligation.