Young eligible individuals can still benefit from the Public Guarantee in the Young Housing Credit, a measure that may allow financing up to 100% of the value of the first permanent home. The Government plans to continue the support in 2027, within the State Budget, but the extension still lacks legal confirmation. Learn who can access this regime, the conditions, and what to consider before proceeding.

Buy your first home is a goal for many young people, but saving the money needed for the down payment can be one of the biggest obstacles. The Public Guarantee in the Young Housing Credit was created exactly to help overcome this difficulty, allowing, under certain conditions, to obtain bank financing up to 100% of the transaction value.

If you are up to 35 years old and thinking of buying your first permanent home, know that you may still be able to take advantage of this measure. Moreover, the continuation of the support in 2027 is under consideration, although it depends on the confirmation of the applicable legal conditions. Therefore, it is important to know the eligibility criteria and understand how the guarantee works before proceeding with the loan application.

Public Guarantee for Young Housing Credit should continue in 2027

Poupança no Minuto forecasts continuing the Public Guarantee for Young Housing Credit under the 2027 State Budget (OE2027). The measure aims to help young people access their first permanent home, reducing the need for savings for an initial deposit.

Currently, the regime provides for the formalization of credit contracts covered until December 31, 2026. However, the regulation includes the possibility of extending the deadline after an impact assessment.

Thus, although support for next year is planned, it is important to follow the legislative process evolution and the formal confirmation of applicable conditions.

For those planning to buy a house, it makes sense to start evaluating financial capacity, comparing bank offers, and gathering necessary documents. This way, you'll be better prepared to proceed when conditions are right.

How does the Public Guarantee in Young Housing Credit work?

The measure allows the State to provide a personal guarantee in favor of the bank, which can cover up to 15% of the property transaction value, according to the regime conditions.

In practice, this guarantee can allow the bank to finance up to 100% of the purchase value, reducing the need for the buyer to have savings for a down payment.

For example, if you buy a house for 250,000 euros and the bank approves a loan corresponding to the entire value, the state guarantee may cover 15% of the transaction, that is, 37,500 euros, within the applicable legal limits and conditions.

Imports, however, to clarify that the guarantee does not correspond to financial support given to the buyer, nor does it mean the loan is exempt from payment. It is a guarantee provided to the bank, which facilitates the granting of credit under the conditions set in the regime.

In addition, approval is not automatic. Each bank continues to assess the financial capacity of applicants and decide whether to grant financing.

Who can benefit from this support?

To access Poupança no Minuto, it is necessary to meet a set of legal requirements.

Among the main conditions are:

Between 18 and 35 years old, inclusive
Reside tax in Portugal
Have earnings that do not exceed the 8th IRS bracket
Not being the owner of an urban building or an autonomous residential unit.
Never previously benefited from this public guarantee
Buy your first permanent home
Buy a property whose transaction value does not exceed 450,000 euros
Have a tax and contribution situation regularized, as applicable

It is still necessary that the credit be granted by an institution covered by the regime and that the remaining legal conditions are met.

Meeting these requirements allows you to apply for the guarantee, but does not ensure housing loan approval. The bank will always have to assess the client's solvability.

Therefore, before proceeding with the purchase, it is advisable to confirm if you meet all the necessary conditions and understand which financing you can get.

What is the value considered for the loan?

Poupança no Minuto establishes that the property transaction value cannot exceed 450,000 euros. State guarantee is calculated based on the transaction value, respecting the limits set by legislation.

However, the amount the bank is willing to finance also depends on the property assessment and the loan proposal conditions.

Imagine you want to buy a house for 300,000 euros, but the bank appraisal is 285,000 euros. This difference can influence the loan analysis and the conditions under which the bank is willing to grant the loan.

For this reason, it is important to consider not only the agreed price with the seller, but also the bank valuation and the financing criteria of the chosen institution.

Does access to the guarantee mean having the credit approved?

No. Public Guarantee can facilitate access to financing, but does not replace the analysis carried out by the bank institution.

The bank will assess family income, professional stability, monthly expenses, existing credits, and the ability to support the payment. It will also consider the property value and other loan conditions.

Even if you meet the legal requirements to benefit from the support, approval depends, therefore, on the individual assessment of your application.

It is equally important to understand the weight of the payment in the monthly budget and ensure there is financial margin to cover unexpected expenses or potential income changes.

What other costs should you consider when buying your first home?

Get a loan up to 100% does not necessarily mean buying a house without any initial expense.

There are other costs associated with the acquisition, purchase formalization, and the credit itself, which should be included in the financial planning.

Among them may be costs for drafting or formalizing the contract, registrations, bank fees, and insurance related to the loan, according to applicable conditions.

Taxes and fees may also apply, although eligible young people may benefit from exemptions for the purchase of their first permanent home, particularly regarding IMT and Stamp Duty, provided they meet the respective requirements.

Thus, before proceeding, it is important to confirm which tax benefits you are entitled to and calculate the amount needed to cover expenses not covered by the financing or applicable exemptions.

How to proceed with Young Housing Credit?

The first step is to understand if you meet the requirements of the Public Guarantee and what financing you may be eligible for.

A preliminary analysis helps you understand your financial capacity, compare proposals from different banks, and identify associated costs.

At Poupança no Minuto, experts can help analyze your case and find suitable housing credit solutions from over 30 banks and partners.

If you are thinking about buying your first home, you don't need to wait for the entire purchase process to be completed to start evaluating your options. You can start analyzing your case, clarify doubts, and prepare the next steps.

Do a Young Housing Loan simulation, no cost and no commitment, and find out which options are available for si.

FAQ

Until when is the Public Guarantee in Young Housing Credit planned?

The current regime provides for the formalization of covered contracts until December 31, 2026. The Government plans to continue the measure in 2027, but the extension depends on the legal confirmation of applicable conditions.

Is it possible to finance 100% of the value of the first house?

Yes. The Public Guarantee can allow a loan of up to 100% of the transaction value, provided the requirements of the regime are met and the bank approves the request. The actual amount granted also depends on the bank's assessment and the loan conditions.

What is the maximum property value?

The transaction amount cannot exceed 450,000 euros under the Public Guarantee.

Does state guarantee ensure credit approval?

No. The guarantee facilitates access to financing, but the bank continues to evaluate the income, expenses, and financial capacity of the applicants.

Is it necessary to have savings to buy a house through this scheme?

The possibility of financing up to 100% may reduce the need for an initial deposit. However, there may be other costs associated with the purchase and credit, so it is important to prepare the budget before proceeding.

Who is eligible for the Public Guarantee in Young Housing Credit?

Young people between 18 and 35 years old, including those who meet the requirements related to tax residence, income, real estate assets, tax and contribution status, and other conditions set by the legislation.

Can I benefit from the warranty if I have already been a homeowner?

Poupança no Minuto requires the credit to be used for the first purchase of a permanent home and establishes conditions regarding housing property. It is necessary to confirm if the specific situation meets the legal requirements.

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