My First Home programme with the Community of Madrid

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What does the agreement involve?

If you are from the Community of Madrid, you can take advantage of the agreement signed with the Government of this Autonomous Community, which will help you buy your first home.

AGREEMENT WITH THE COMMUNITY OF MADRID TO GET A MORTGAGE OF UP TO 95% FOR YOUR HOME¹

Aimed at young people under 35 who do not have enough savings to buy their first home. The mortgage could be for between 80% and 95% of the value of the property (the sale price or the valuation price, whichever is lowest. You must always contribute, at least through your own funds, the difference between the purchase price and the amount financed).

ELIGIBILITY REQUIREMENTS FOR THE MY FIRST HOME PROGRAMME

You will be able to take advantage of the programme if:

You are under 35.
You have lived in the Community of Madrid for at least two consecutive years without breaks.
You are buying your first home.

In addition, the house you want to buy:

Is located in the Community of Madrid.
Will be your main and permanent home for at least two years from the purchase date.
Is worth €390,000 or less, excluding purchase fees and taxes.

Find out everything you need to know about the My First Home Scheme.

We know buying your first home is not an easy decision. For this reason and so that you have all the information you need just one click away, you can calculate your mortgage's monthly repayment and associated costs in our simulator.

1. Financing subject to approval by Banco Santander. For housing free of encumbrances and liens Home mortgage loan. Lender: Banco Santander, S.A.

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