No, every era has or had its challenges. Knowing all the factors that make a sale easier and more secure is still helpful today.
Based on the North Rhine-Westphalia Home Ownership Subsidy Guidelines, NRW Bank, together with the state of North Rhine-Westphalia, is supporting citizens in purchasing owner-occupied homes in North Rhine-Westphalia with the NRW.Zuschuss Wohneigentum program . The state is providing €400 million in funding for this program.
The state is extending the funding period for the home ownership subsidy program beyond December 31, 2022. This means that financial support for purchases can continue beyond the turn of the year as long as there is still money in the subsidy pot. The subsidy program applies to all purchase agreements notarized or award decisions issued on or after January 1, 2022.
Who is eligible for funding?
The subsidy program is aimed exclusively at natural persons who have purchased or will purchase owner-occupied residential property or building land for the construction of owner-occupied residential property in North Rhine-Westphalia in 2022.
Proof of use as a primary residence must be provided within three years of submitting the application at the latest.
How is funding provided?
- Type of funding: Grant
- Funding amount: A fixed funding rate of 2% of the notarized purchase price subject to real estate transfer tax attributable to residential self-use applies, up to a maximum of $10,000
How do I apply?
The application, which is mandatory for the grant to be awarded, must be submitted entirely digitally here.
You will need the following information and documents, among other things:
- Location of the property
- IBAN and BIC of your bank account
- Your tax ID
- Identification documents
- notarized purchase agreement or legally binding auction award from a foreclosure sale in 2022
- Real estate transfer tax assessment notice(s)
- Proof of payment for the real estate transfer tax (e.g., bank statement)
- Registration certificate after taking up primary residence (as soon as available, at the latest within 3 years of submitting the application)
Only one application can be submitted per purchase agreement. The application must be submitted jointly by all purchasers. Each person can only claim the subsidy under this subsidy program once. In this respect, the above documents must be submitted jointly for all applicants.
We help you take advantage of your chance to win up to €10,000
public subsidies and grants are very complex and require many prerequisites. It is easy to become uncertain as to whether you are doing everything correctly. Let us provide you with expert support. To actively assist you in this process, our specialists always keep track of your personal and financial situation.
Make an appointment with one of our specialists. They will provide you with detailed information about the NRW subsidy and help you apply for it.