For many people, buying a home is the most important project of their lives. But when they go to the bank, they encounter an obstacle: financing. Most institutions only grant 80% of the purchase price or appraisal value (whichever is lower). And this requires having the remaining 20% plus expenses (an additional 10 to 13%).
At Eix Financer, we know that not everyone has enough savings to cover this down payment, which is why we work to help our clients secure up to 100% financing. Below, we explain how this can be achieved and what you need to consider.
Why Don’t Banks Finance 100%?
After the 2008 crisis, risk criteria became stricter. 100% financing virtually disappeared from all institutions, with the “exception of properties from their own portfolio (properties from” foreclosures).
Currently, some institutions can reach 100%, but only in very specific cases and with the right approach. This is where the role of the mortgage advisor comes in.
Strategies to get 100% of the Mortgage
There are several ways to obtain full financing for the operation:
1. Double mortgage guarantee
One of the most common options is to offer a second guarantee (usually a property owned by parents or relatives). It is not necessary to mortgage the entire property, but only a proportional part as support.
This formula can be temporary (until the debt is reduced) and allows access to full financing without the need for saved money.
2. Personal guarantee (from parents or relatives)
Some banks accept a personal guarantee from a parent or legal guardian, provided they have sufficient income or assets. This option is more common for young buyers.
3. Operation with a good profile + suitable institution
Some institutions may agree to finance 90-100% if the client’s profile is solid:
- Permanent contract
- Stable income
- Low financial burden
- Impeccable credit history
As advisors, we know which institutions can offer this and how to properly present your application.
What You Need to Consider
The interest rate may be higher if you request more than 80%.
Some institutions may require more ties (insurance, payroll, cards…).
It is essential to properly prepare the documentation and preliminary analysis to avoid direct rejection.
Case Study
A young couple, with two permanent contracts and no debts, wanted to buy an apartment for €180,000. They had no savings, but the parents offered a second home as partial collateral. We secured a 100% mortgage at a mixed rate, with affordable payments and no down payment.
Conclusion
Getting a mortgage with 100% financing is not easy, but it is possible. The most important thing is to know which institutions to approach, how to present the operation, and what conditions can be negotiated.
At Eix Financer, we study your case in a personalized way, find the “right strategy, and accompany you throughout the process until the signing.”