Members of the public service can take advantage of advantageous conditions to carry out a real estate project. Indeed, their status allows them to benefit from loan insurance at a reduced rate.
Some banking establishments have entered into agreements with civil service mutuals providing for special advantages for this status. Find out where to find a real estate loan for civil servants at the best rate.
Civil servants or members of a civil service mutual fund can use the agreements concluded between the Administration and certain banks. These offers provide two main advantages:a reduced insurance premium and a free bond.
First of all, being a civil servant allows you to benefit from a more attractive insurance rate. Be careful however, the insurance rates for civil servants who apply for a mortgage can vary from one mutual to another. It is therefore important to compare offers.
The professional mutual fund to which the civil servant is attached can also stand surety for his main loan. This avoids the borrower having to resort to the mortgage to provide collateral. In this case, the guarantee costs are covered on condition that the maximum debt ratio set by the mutual insurance company is respected. Thus, free bail is not automatic for civil servants.
You should know that there is a real estate loan dedicated to civil servants which corresponds to the Action Logement loan. Obtaining this credit is subject to three main conditions:the capital must be used to finance a main residence; the property must be less than 50 km from the official's place of work; the sums are released in addition to a social accession loan (PAS) or an approved loan (PC), the amount of which cannot exceed 3,900 euros.
To find a civil servant mortgage at the best rate, you must first start by completing a free form highlighting the stability of your job which ensures you regular income. Also fill in the characteristics of the desired mortgage (amount, duration). In a few minutes, offers adapted to your profile are sent to you. It then remains to compare them by studying the rates offered as well as the reimbursement conditions. Borrower insurance is an important expense item since it can represent up to 15% of the total amount of the mortgage.
Whether through organizations dedicated to civil servants, conventional credit organizations or banks, many mortgage offers are specially designed for civil servants. To achieve maximum savings and save time, the best solution is to use an online home loan comparator. This free tool allows you to identify the most advantageous solutions on the market. Access to the mortgage is thus facilitated for civil servants.
