Did you know that the Walloon Region offers a whole series of grants and benefits in the field of real estate? What are the regulations of the Walloon Region regarding mortgage loans? Discover the information about the Walloon Region Grant. Here is a brief overview:
1. Benefit from a Walloon Region Grant for the purchase of a property belonging to the public sector
The acquisition grant is a financial aid of €745 granted by the Walloon Region, under certain conditions, to people who purchase a property, either privately or through public sale, that belongs to the public sector. This includes, for example, a house sold by a social housing company, a municipality, a CPAS, the Post Office, or the SNCB.
If you obtain the acquisition grant, you will also benefit from a reduction in registration fees to 0%.
If you buy an improvable property, in addition to the acquisition grant, you can apply for a rehabilitation grant (without the increase provided for the purchase of the property to be rehabilitated).
2. Benefit from free insurance for the repayment of a mortgage loan in case of loss of income
Wallonia subscribes for you and at its expense to this insurance against loss of income, which allows for the partial repayment of your mortgage loan if you lose your job or are unable to work. You can benefit from it if you take out a mortgage loan to buy, build, rehabilitate, or restructure your home, under certain conditions.
3. Finance the renovation/purchase/construction of my home with advantageous rates/conditions through a social credit organization
Low-interest loans are granted under certain conditions by the Walloon Social Credit Society. The conditions and types of beneficiaries are described by the Walloon Social Credit Society.
4. If you have a large family, finance the renovation/purchase/construction of your home with advantageous rates/conditions
The Housing Fund for Large Families of Wallonia helps large families realize the renovation of their home by granting low-interest loans.
5. Obtain a mortgage or additional loan granted by my province
Certain provinces grant advantageous loans or additional loans.
6. Obtain a mortgage thanks to the guarantee of Wallonia for its repayment
The objective is to allow borrowers who do not have sufficient personal funds to still benefit from a loan. Wallonia then undertakes to cover the loss suffered by the lending institution on the part of the loan exceeding 70% of the market value of the property.
7. Benefit from the possibility of buying social housing
This concerns properties sold by the Walloon Housing Society (SWL) under social conditions for low-income people.
