CBuying your first home is the dream of many, however very often there are several obstacles that stand in the way before being able to fulfill the desire. The first, the largest one, is the initial “wall”.: that 20 percent of the price of the property that the banks do not finance, but ask as an advance. A request which, for those who have no savings or cannot count on some type of help, may seem insurmountable. Luckily, There is also a concrete solution in 2026.
100% mortgage to buy a house: it’s possible
Is called Guarantee Fund for the First Home and is managed by Consap, a public company that deals with insurance and financial services for the State. Through it, it is possible to obtain a loan that covers the entire value of the home. But exactly how? Let’s see how it works, who is entitled to it and what is needed to request it.
What the First Home Guarantee Fund is and how it works
The Guarantee Fund is not a direct loan of money. The State does not “give away” money, but acts as an exceptional guarantor. In practice, the State stands next to the citizen and says to the bank: «If this person is unable to pay, I will guarantee part of the debt». This fund normally covers 80% of the principal amount of the mortgage. Thanks to this public “protection”., banks feel safer and agree to finance the remaining 20%, thus covering 100% of the price of the house. In this way, the buyer does not have to pay the initial down payment, but can start paying the mortgage installments immediately.
The Fund allows you to obtain total financing without taking unsustainable financial risks in the long term. (Getty Images)
Who can apply for a 100% mortgage
The Fund, however, is not available to all citizens. There are certain requirements both for the house and for whoever will buy it. Regarding the property:
- it must not cost more than 250,000 euros
- it must be the first house (you cannot own other homes, except in rare cases of inheritance)
- It doesn’t have to be luxury (no villas or castles)
Young people, single parents, large families
For the two-year period 2026-2027, the rules have become even more inclusivetrying to help those who are in a delicate phase of life or have a large family. Some categorieshowever, have priority to access the Fund:
- young people under 36 years old: to encourage the autonomy of the new generations.
- single parents: families with a single parent and children who are still minors.
- young couples: households made up of people who have lived together or been married for at least two years.
- public housing tenants: those who live in public housing and wish to redeem or purchase it
- large families: this is the big news
In fact, for families with many children, the State increases its protection: for those with three children the guarantee can cover the ISEE income up to 40,000 euros, while for those with five or more children the ISEE income can reach 50,000 euros, with the State guaranteeing up to 90% of the capital.
Interest rate guarantees
One aspect that worries anyone applying for a mortgage is the interest rate. To protect citizens, the law provides that these subsidized mortgages do not have crazy rates. There is a maximum limit, called Tegm (Global Average Effective Rate), beyond which the bank cannot go. However, a flexibility mechanism is expected in 2026: if the cost of money rises very quickly, banks can ask to slightly exceed this limit. This serves to prevent banks from stopping granting mortgages because they no longer consider them convenient, ensuring that the service always remains active for citizens even when the economy is in a bad state.
The procedure for obtaining a mortgage with the First Home Guarantee Fund
To get the mortgage, simply go to the bank. But there are important steps to take:
- it is necessary to ensure that the chosen credit institution joins the Consap Fundalmost all the main Italian banks do it, but it is better to have confirmation
- documents are needed identity, the fund request form, the updated ISEE and, if already present, the preliminary purchase contract (the so-called “compromise”)
- the bank sends the application to Consapwhich usually responds within 20 working days
Once you get the positive response, you have 90 days time to sign the definitive mortgage contract in front of the notary. Respecting deadlines is essential: in fact, if the 90 days pass without having completed the purchase, the guarantee expires and you have to do the whole process all over again.
