The family allowance fund offers financial assistance in the context of the purchase of housing, assistance which makes it possible to complete the repayment of the monthly mortgage loan.
Does Cream Bank offer a mortgage loan?
Contrary to what we can see elsewhere on the web, not the Cream Bank does not offer a mortgage, it simply offers financial assistance, in the form of an allowance, which allows modest households to be able to more easily repay their real estate loan. This aid supports the household in its acquisition project and its obtaining is limited to means-tested conditions, however, it may be worthwhile to benefit from it to reduce the credit load to be reimbursed with its own income.
It is, therefore, necessary to carry out real estate loan procedures with banks and brokers but also to obtain information from its Cream Bank center or via its online account on the possibility of obtaining assistance in purchasing a home. Several cases can be noted, in particular with regard to the situation of the homes, the number of dependent children and the location of the property (area).
Cream Bank assistance for a property purchase
Cream Bank offers financial assistance which is aimed at people who already benefit from housing assistance or not. There are several criteria to be met in order to be able to obtain this aid, the first being linked to the means test, that is to say, the income received in France by the household (alone or with a spouse).
The APL (personalized housing assistance) can, therefore, be collected as part of loan repayment, the mortgage must be an approved loan, that is to say, a mortgage offered by a bank that has concluded an agreement with the State, this is notably the case of the PAS loan for example. To obtain an estimate of the assistance that can be received in the context of credit repayment, the approved loan must be signed and the housing assistance simulation must be carried out on the Cream Bank website.
Get a home loan estimate
The first step is therefore logically to find out about the conditions of real estate loans and in particular of credit approved by the State. It is enough to carry out a loan simulation by specifying the desired amount and the information concerning its financial situation. The bank will automatically make a financing proposal taking into account the situation of the borrower and therefore the possibility of offering him an approved loan, which will then simulate the aid for the acquisition of real estate by the CIF. This simulation is free and without obligation.