Mortgage without own contribution: what options are there?

HomeBlogMortgage without own contribution: what options are there?

The dream of home ownership may seem difficult to achieve without a down payment, but there are effective solutions that can make your dream a reality. Below are three options on how you can get a mortgage from maib without having to make a down payment:

1. First Home Plus Program

The Prima Casă Plus program is a government initiative that allows you to purchase housing without a down payment under certain favorable conditions. This program is designed for people who previously did not own property and offers favorable terms for loans, including reduced interest rates and government guarantees. This is a great opportunity for those who are just starting out in real estate and want to become an owner without putting a significant amount of money down.

Find out more about the Prima Casă Plus program here – PROGRAM DETAILS.

2. Pledge of other property

If you own real estate or property, or belong to your relatives or friends, you can use this property as collateral to obtain a mortgage loan. Even if the property is owned by a third party, a collateral agreement may allow it to be used to cover the required down payment. This option provides flexibility and helps you obtain financing without additional savings.

3. Pledge the deposit

Another way to get a mortgage loan without a down payment is to pledge a bank deposit that you have in maib. This solution is ideal for those who have savings in a deposit account and want to use them as collateral for a mortgage loan. A deposit can provide the bank with the necessary guarantee to issue a loan, making it easier to purchase your own home. It is important that the deposit amount matches the required amount for the down payment.

Find out more about mortgage lending programs here -MORTGAGE.

Still not sure which financing option is best for you? Take advantageONLINE CONSULTATION with the managers of the maib Mortgage Center, where you will receive the best financial solutions selected specifically for you.

Don't let a lack of a down payment get in the way of your dream of home ownership. Explore the above options and start the journey to your new home here:VIEW OFFERS

For a loan of 600,000 MDL for a period of 30 years at an interest rate 6,46% the monthly payment will be 3,857.40 MDL. DAE will be 6,97%, and the total amount to be paid is 1,394,603.50 MDL.

The mortgage interest rate for a “prima casă” loan is floating and consists of the base rate 3.46 percentage points according to the “Prima casă” Program published by the National Bank of Moldova, and a bank margin in the amount 3% (maximum margin approved by the Ministry of Finance) established on the date of granting the loan in accordance with the current Price Policy for banking products and services for individuals.

We remind you that in the case of loans with a floating interest rate, the latter changes twice a year, on January 1 and July 1, according to the base index published by the NBM.