Hamburg Investment and Development Bank (IFB)

IFB supplementary loan for the construction or purchase of owner-occupied homes and condominiums

Prerequisites

• You must submit the application to a financing institute of your choice before the start of the project - but at the latest immediately after the conclusion of the notarial purchase contract.
• You must prove that you can bear the burden by submitting certificates of sustainable income.
• They must have the required performance and reliability.
• After the completion of the construction project, you must provide IFB Hamburg with all information to assess your performance annually and on request.

Documents required

Generally:

• Self-disclosure from the financing institute or digital form from the IFB
• Application form – The application form is provided by the cooperation partners
• Proof of legitimation (identity cards/front and back) - in the case of passports, a corresponding confirmation of registration must be attached
• Salary slips: the last 2 payslips and the December statement of the previous year / last tax assessment
• Evidence of self-employment: last three annual financial statements and current BWA of the current year / health insurance / pension / last 2 available tax assessments
• Financing Offers
• Statements of Equity

New build:

• Draft purchase agreement
• if applicable, a declaration of division in the draft
• Draft work contract
• building description
• List of costs for trades outside of the construction or purchase contract
• living area calculation
• Floor Plans / Section / Elevation
• If necessary, online confirmation from KfW experts for energy-related KfW loans

used property:

• Exposé / offer or, if applicable, draft purchase contract
• land register extract
• if applicable, declaration of division
• Comprehensible living space information / calculation
• Property photos inside and outside
• Offer or list of planned modernization measures
• If necessary, online confirmation from KfW experts for energy-related KfW loans

It is still possible to submit an application by post

• Self-assessment from the financing institute or
• Form of the IFB Hamburg

Please note

The IFB Hamburg only grants this loan in cooperation with banks that have agreed on the transmission of KfW and supplementary financing loans with the IFB Hamburg on the basis of a cooperation agreement.

The application form is provided by the financing institution when applying for the loan.

Our online service is intended for use by the bank for cooperation loans.

Deadlines

There is no set deadline. It is recommended that these reconciliations be made early on.


However, at the latest immediately after the conclusion of the notarial purchase contract, you must initiate the application at a financing institution of your choice.

Procedure

• The first step is to contact your bank.
• The application is then submitted via a bank of your choice that has concluded a cooperation agreement with the IFB Hamburg.
• The bank checks the project and submits the application either by post or via the e-application portal directly to the IFB Hamburg.
• If the application is submitted digitally, the application form must be filled out by hand and can be uploaded digitally. There is no need to fill out the separate self-assessment.
• The IFB Hamburg examines and approves the loan.

Processing time

There is no statutory processing time for the processing of applications. Experience has shown that complete, submitted applications are processed within 5 working days.

Fees

no

Legal remedies

An objection to a decision can be raised for up to one month. Discuss this with your applying bank.

Legal basis

Designation: Funding guideline IFB supplementary loan


URL: https://www.ifbhh.de/api/services/document/60 5




Designation: Section 4 (3) of the Hamburg Investment and Development Bank Act


URL: https://www.ifbhh.de/api/services/document/3572