Overview
- The Consell increased the IVF guarantee program budget by 50% to €30 million and lifted the coverage from 15% to 20%.
- With the higher public guarantee, collaborating banks can finance up to 100% of a property's value for eligible applicants aged 18 to 45.
- The maximum eligible purchase price rises from €277,000 to €311,000 for homes used as a habitual residence, whether new, used, free-market or protected (private promotion).
- Applications are free and submitted via the IVF electronic headquarters after obtaining a financing offer from a participating bank, with the IVF reviewing and issuing the approval resolution.
- Eligibility includes two years of continuous residency in the Valencian Community and not owning another dwelling in Spain, with listed exceptions and an age-limit waiver for residents of municipalities affected by the 29 October 2024 DANA.