The NHG limit will be raised to 435,000 euros in 2024!

Summary

• Starting in 2024, homebuyers can buy a home with the National Mortgage Guarantee up to an amount of 435,000 euros.
• Thanks to the increase in the NHG – limit, buyers get more financial security and can get a residual debt forgiven in case of unexpected problems such as divorce or job loss.
• The higher NHG – limit improves housing affordability and allows future homebuyers to purchase more expensive homes with less financial risk.
• People looking to finance energy-saving measures also benefit from the increased NHG – limit, making it easier to invest in sustainable living.
• With the new NHG – limit of 435,000 euros, buyers can enjoy lower interest rates and more favorable mortgage terms, leading to a wider supply of affordable homes.

NHG limit raised to 435. 000 euros in 2024

The NHG limit will be raised to 435,000 euros in 2024, meaning that the maximum mortgage with NHG will be increased by 30,000 euros. This allows homebuyers to benefit from residual debt forgiveness and more security in financing their homeownership.

Residual debt forgiven

If you sell a house and the proceeds are less than the mortgage debt still outstanding, we call this a residual debt. With the National Mortgage Guarantee (NHG), this residual debt can be forgiven in certain cases.

This provides a safety net for homebuyers facing bad luck or unforeseen circumstances, such as divorce or job loss.

Buyers who choose a mortgage with NHG can experience more financial security as a result. Raising the limit to 435,000 euros in 2024 will allow more people to benefit from this protection.

It gives them the ability to finance a home with less risk of financial hardship if the market disappoints and the home becomes underwater.

NHG limit to be raised in 2024

Benefits for homebuyers

Homebuyers will benefit from the increased NHG limit, as they can now qualify for NHG on mortgages up to 435,000 euros. This offers buyers a greater degree of protection and security because NHG can help them obtain a mortgage with more favorable terms and lower interest rates.

This also means that homebuyers have more financial flexibility when choosing a home, as they are now able to buy a more expensive home with the protection of NHG.

In addition, homebuyers looking to finance energy-saving measures will also benefit from the increased NHG limit, making it more accessible to make such investments when buying a home.

Increase by 30,000 euros

The NHG limit will be increased by 30,000 euros in 2024, raising it to 435,000 euros. This means homebuyers will have more flexibility in choosing a home, as they are now eligible for the NHG when purchasing more expensive homes.

This allows them to enjoy the financial benefits and protection offered by the NHG, while enjoying a wider choice of available homes.

With this increase, homebuyers will have more opportunities to find a home that meets their needs, while still enjoying the benefits offered by the NHG.

What does this mean to you?

With the increase of the NHG limit to 435,000 euros, you as a homebuyer have the opportunity to buy a more expensive house, with more security and better affordability thanks to the benefits of NHG.

Ability to buy more expensive home

With the increase of the NHG limit to 435,000 euros in 2024, homebuyers will have the opportunity to buy a more expensive home. This gives them more flexibility and choice in finding a suitable home that meets their needs and desires.

By using the NHG, buyers can benefit from improved affordability and security, making the process of buying a more expensive home more accessible.

The increased NHG limit offers homebuyers the chance to take advantage of favorable terms and protection, giving them more financial leeway when buying a more expensive home while protecting them from unexpected financial risks.

More security with NHG

With the increase of the NHG limit to 435,000 euros starting in 2024, the National Mortgage Guarantee (NHG) offers homebuyers more security. With NHG, homebuyers get protection if they can no longer pay their mortgage due to unemployment, disability or divorce, for example.

This guarantee provides a sense of security and makes it more attractive to buy a home with a higher mortgage loan within the set limit.

The NHG limit increase allows homebuyers to buy a more expensive home, giving them more security in case of unforeseen circumstances. This helps improve affordability and makes the process of obtaining a mortgage loan smoother, allowing homebuyers to take advantage of the favorable terms offered by NHG.

Better affordability

The increase in the NHG limit to 435,000 euros in 2024 offers homebuyers better affordability. This allows homebuyers with an NHG mortgage to buy a more expensive home without worrying about the risks.

This increase provides greater financial security and a wider range of affordable housing for potential buyers.

With this increase in the NHG limit, homebuyers can benefit from better affordability through more attractive mortgage terms offered by mortgage lenders.

Conclusion

With the increase of the NHG limit to 435,000 euros in 2024, homebuyers are supported. Residual debt is forgiven and there are benefits for homebuyers. This means more security and affordability for you as a homebuyer.

You also get the option of buying a more expensive home with NHG.

Frequently Asked Questions

1. What does the increase in the NHG limit in 2024 mean?

The increase in the NHG limit means that in 2024 you can get a National Mortgage Guarantee for houses up to a price of 435,000 euros.

2. Why is the NHG limit being raised?

The limit is being raised to grow with rising home prices so that more people can access the benefits of an NHG mortgage.

3. What are the benefits of a mortgage with NHG?

A mortgage with NHG offers more security, often a lower interest rate and protection in case of financial problems due to unforeseen circumstances.

4. What does NHG cost?

You pay a one-time commission of 0.60% of the mortgage amount, just like in 2023.