{"id":351813,"date":"2024-04-19T11:44:05","date_gmt":"2024-04-19T09:44:05","guid":{"rendered":"https:\/\/aq-acentor.com\/?p=351813"},"modified":"2024-04-19T13:16:58","modified_gmt":"2024-04-19T11:16:58","slug":"ico-guarantee","status":"publish","type":"post","link":"https:\/\/aq-acentor.com\/en\/ico-guarantee\/","title":{"rendered":"ICO Guarantee: what it is and requirements to apply for it"},"content":{"rendered":"\n

In February 2024 was finally approved a measure promoted by the current government and announced before the general elections last year in order to facilitate access to the purchase of a first home <\/strong>for both <\/strong>young people and families with dependent children. It is what is known as ICO guarantee<\/strong> and next we will tell you everything you need to be able to apply for this new housing aid.<\/p>\n\n\n\n

What is an ICO guarantee?<\/h2>\n\n\n\n

The ICO guarantees<\/strong> are a set of credits <\/strong>that the government, through the Official Credit Institute, offers to young people and families with minors in order to facilitate the access to the purchase of a first home<\/strong>.<\/p>\n\n\n\n

This line of ICO guarantees<\/strong> is made up of 2.5 billion euros, which will be available to around 50,000 applicants, provided they meet the requirements shown below.<\/p>\n\n\n\n

This aid, in the form of an ICO guarantee<\/strong>, is destined to 20% of the amount of the purchase of the first home<\/strong>, covering part of the mortgages destined to this transaction.<\/p>\n\n\n\n

Who can apply for the ICO guarantee line?<\/h2>\n\n\n\n

The new line of ICO guarantees<\/strong> is aimed at young people under 35 years of age<\/strong> whose income is less than \u20ac37,800 per year<\/strong>, as well as families with dependent children. These points are detailed below. <\/p>\n\n\n\n

\"linea-de-avales-ico\"<\/figure>\n\n\n\n

For what type of housing can ICO guarantees be requested?<\/h2>\n\n\n\n

Many people believe that this is the best time in recent years to buy a house<\/a> thanks to the government’s ICO loans. But it should be noted that it is necessary to take into account that it is not feasible in all cases or in all types of houses.<\/p>\n\n\n\n

This aid is intended for the purchase of a first home<\/strong>, as long as it is for the habitual and permanent use of the owner of the mortgage<\/strong>.<\/p>\n\n\n\n

As for the cost of the house to acquire, this requirement will depend directly on the autonomous community in which it is located, since the prices of these can vary notoriously from one region to another.<\/p>\n\n\n\n

Requirements to apply for ICO guarantees in 2024<\/h2>\n\n\n\n

What has been commented above, it can be determined that the main requirements<\/strong> to be met in order to be able to apply for the government’s ICO loans <\/strong>are:<\/p>\n\n\n\n