
Eligibility requirements for the 20% ICO guarantees for the purchase of first homes
The Spanish government has just approved a measure to support young people and families with dependent children in the purchase of their first home. It consists of guarantees of 20% of the mortgage that will be covered by the State through the ICO. This initiative is aimed at facilitating access to the financing necessary for the purchase of a first home within the national territory to citizens who do not have sufficient savings. The Government expects to facilitate the purchase of approximately 50,000 homes.