As a rule, this is not possible without a loan from the bank. The financing can be particularly difficult for the self-employed, as freelancers and entrepreneurs are usually provided by banks. Where can self-employed people get a home loan? However, conditions and prices may vary considerably due to the uncertain economic future of the self-employed. As one of the largest independent brokers of real estate loans in Germany, we have already helped many self-employed to good conditions in their own home.
How to obtain self-employed construction loans
No matter if construction or purchase – many Germans dream of owning their own property, but it is expensive. This is usually not possible without a house bank loan. Financeability can be problematic, especially for the self-employed, since in practice self-employed persons and start-ups are usually subject to particularly critical reviews by credit institutions.
Home loan for self-employed: The current conditions
Many people make no bigger loan business in their own country than a home loan. It is much harder for a self-employed person to have such a loan. The financiers are therefore given strict conditions for such bonds, which are to prove that one can trust the self-employed. The conditions are listed below. Where can I submit a home loan application as a self-employed person?
The following conditions must be fulfilled by the self-employed in order to obtain a home loan: these are taken into account by the credit institutions, before deduction of 30% of the amount, as this is on average covered by the self-employed for pensions. Who can take out a mortgage? It is harder for the self-employed with low or variable income. Often, your mortgage application will be rejected in advance.
Because that is difficult for the house bank to calculate. Especially for self-employed people who are in dangerous situations, eg in the construction industry, it is hopeless. Where can self-employed people have a home loan? Nearly all credit institutions that have real estate financing under the program provide such loans. However, due to the uncertain economic development of the self-employed, the conditions and tariffs can vary widely.
Only then, if you have not achieved results here and otherwise find no banks that would grant the loan, it makes sense to contact a financial intermediary. 2. However, some professions will have great problems obtaining such a loan without specialist support. Traditionally, all those responsible for boarding are fitness and photography studios as well as messenger services, as they can come in short-term economic problems and their services are not vital (unlike, for example, doctors).