ING is expanding the 'My First Home' program in the Community of Madrid with 300 mortgages for young people.

This year, an expanded program by the authorities is launching in Madrid, aimed at supporting young residents of the capital in purchasing their first home. ING Direct Bank has announced the continuation of its efforts under the "My First Apartment" initiative, having secured funding that can cover up to95%the cost of the first property for citizens, not older than36 years oldImpressive speed of spending the first pool of funds, which was used in record time.four months, has become an indicator of high interest: the bank has already processed124 mortgages, providing more3 million euros.

Let's note that95%People who managed to take advantage of this assistance did not have sufficient savings to carry out the transaction, financing it.80%from the appraised value of the apartment. In this regard, the bank has decided to expand the program, offering about300 new mortgagesfor those who have official residency in Madrid.

Application submission requirements

• There is no other property in Spain.
• The cost of the apartment being purchased should not exceed390,000 euros.

Applications can be submitted both through ING offices and by phone, contacting the customer service center.

After submitting the initial application, the entire process will be carried out in a fully digital format, both through the mobile app and the bank's official website. This personalized approach ensures that the process is tailored to the individual characteristics of each client. Additionally, all program participants can expectpersonal managerthat will accompany them at all stages of interaction and help choose the most convenient way to communicate.

This initiative demonstrates the clear intention of the government and the banking sector to provide real assistance to young families and individuals in achieving their dream of owning a home.