“My home”: Patras is among the most popular areas

One of the most popular areas seems to be the Patrasregarding the volume of loans for the second DYPA fund for “My home».

So far, 39,400 applications have been submitted, 23,496 pre-approvals have been made, while 8,096 have already received the green light from the banks. It is estimated that upon completion of the program, 10,000 loans will have been granted to young people up to 39 years of age, for the acquisition of their first home.

Of the total 750 million euros of DYPA (but 250 million euros are the funds of the banks), 641,677,631 euros have been pledged. The average amount of approved loans is 105,678 euros and the types of households that got the “ok” are as follows:

59% MARRIAGE/COhabitation AGREEMENT (COUPLING)
34% MARRIAGE
7% SINGLE PARENT / NO INFORMATION

“My home”: Great interest from all over Greece

From the data presented by iefimerida, it appears that although the largest volume of loans concerns the Municipalities of Athens and Thessaloniki, the interest is intense and practical throughout Greece:

The top-20 out of 8,096 approvals:

Critical Deadlines for Granting Loans

• This pre-approval is valid for 60 days from its notification to the applicant.
• Within the relevant deadline, the applicant must notify the credit institution of the requested loan amount, the property he intends to buy and the price at which he intends to buy it, and provide the required documents, so that the credit institution can carry out the necessary control.
• If the deadline in question is missed, the financial pre-approval ceases to be valid. Otherwise, after the necessary checks, the application is included in the program and the legal and technical check of the property to be purchased begins.
• The period of completion of technical and legal control of the property under purchase lasts up to 60 days from the date of inclusion of the application in the Program.
• Otherwise, if the applicant wishes to continue with another property, he can do so provided that the above described procedure, including the completion of the legal and technical control of the property by the credit institution, does not exceed 120 days from inclusion of the application in the Program.
• The maximum time for signing the loan agreement and disbursing the loan is up to 6 months from the date of inclusion of the application in the Program.
• In exceptional cases of delay in the transfer process of the property and provided that the relevant application for registration of a mortgage or pre-notification has been submitted within the six-month period, the completion of the loan agreement and the disbursement may be extended for an additional two months.
• Within 60 days of the borrower’s application, the credit institution checks the fulfillment of the required criteria and grants him the financial pre-approval.

Pre-approved loans of beneficiaries, for which it was not possible to realize their purpose within this time period (ie 6+2 months from the date of pre-approval of the application in the Program), will be canceled and their budget will be released.

According to iefimerida.gr, the above regulation does not apply if the deadlines have not been met through no fault of the applicant. The beneficiary will have the right to re-submit a funding request, as long as there are available resources in the Program budget.