Mortgage Discount

Mortgage subsidies are a great way for new olim (immigrants) to Israel to make the transition to their new home easier and more affordable. The Israeli government offers a variety of mortgage subsidies for those who are new to the country and wish to purchase a home.

In general, mortgage subsidies can help to make the cost of buying a home more affordable. The subsidies can be used to cover the cost of monthly mortgage payments, or to cover the cost of the down payment or closing costs associated with purchasing a home. In addition to helping to cover the cost of buying a home, mortgage subsidies can also help to reduce the long-term cost of ownership.

By reducing the cost of monthly mortgage payments, a subsidy can make it easier for new olim to save for a down payment or to save for other costs associated with owning a home. In order to qualify for a subsidy, a new oleh must meet certain criteria. Generally, the individual must be a resident of Israel, have been living in Israel for at least two years, and have been employed in Israel for at least three years.

Additionally, a borrower must meet certain income requirements. Once an individual has met the criteria for a mortgage subsidy, they can apply for a loan from a participating lender. After the loan is approved, the borrower will receive a subsidy from the government that can be used to help cover the cost of the mortgage payments. Mortgage subsidies can make the transition to life in Israel much easier and more affordable. By reducing the cost of purchasing a home, and by reducing the long-term cost of ownership, subsidies can help new olim to enjoy the benefits of owning a home in Israel.