What Can a Large Family Mortgage Loan Finance?

The large family mortgage loan from the Walloon Housing Fund covers a wide range of real estate projects. It is not limited to the purchase of a classical residential property: it can also be used for renovation, transformation, or energy improvements, always with the aim of enhancing the comfort and sustainability of your family home.

This type of social loan is particularly suitable for large families who want to better organize their living space, make it more energy efficient, or prepare a home able to welcome multiple generations under the same roof. The conditions are calculated to keep your monthly payments aligned with your income and the number of dependent children.

Large family mortgage loans may be granted for:

• the purchase, construction, renovation, or transformation of a home;
• the implementation of energy-saving works to reduce consumption and bills;
• the repayment of an expensive loan already contracted for a home, via a refinancing operation under better conditions;
• the creation of nearby housing intended to accommodate elderly parent(s) or other family members;
• the purchase of a building plot to prepare a future construction project.

By combining social mortgage loans with ecopacks and renopacks, Walloon families can finance both the acquisition and the renovation of their home while improving its energy performance. Rent assistance may also be available when the renovated housing is mainly intended for large families.

Conditions for Obtaining a Large Family Mortgage Loan

To qualify for a large family mortgage loan in the Walloon Region, several eligibility criteria must be met. These conditions are designed to ensure that the financing indeed benefits families who need real support to access or improve their housing, while keeping the operation financially viable over the long term.

The borrower must have a family with at least three dependent children, reside in Belgium, and must not be the full owner or usufructuary of another home. Moreover, the household’s taxable income must not exceed certain ceilings, which vary depending on the composition of the family and the characteristics of the property.

The financed property must be located in the Walloon Region, and both its market value and its volume must comply with the regulatory limits defined by the housing regulations. These rules help to ensure that the properties financed are appropriate and in line with the social objectives of the Fund.

The interest rate is calculated based on several elements:

• the taxable income of the household;
• the number of dependent children;
• the geographical location of the property (area, municipality, etc.).

The loan amount depends directly on the market value of the property, while the repayment period is set according to the household budget and the age of the borrower. Repayment is made monthly, allowing you to integrate the loan into your family budget with a clear long-term vision.