Getting a 100% mortgage is possible. One of the options available in 2026 to Valencians looking to buy their first home is to apply for a guarantee from the Institut Valencià de Finances (IVF), which allows access to mortgages covering up to 100% of the home’s value, at no cost to the buyer.
The program aims to address one of the main obstacles to buying a home: the down payment required by banks. With this guarantee, the IVF supplements the financial institution’s guarantee so that the buyer can finance up to 100% of the lesser of the purchase price and the appraised value of the property.
How the IVF Guarantee Works
The property must also meet certain conditions. It must be located in the Valencian Community and be used as the buyer’s primary and permanent residence for the entire duration of the guarantee. It may be a new or used home, either on the open market or a publicly subsidized unit developed by a private developer.
As for the price, the limit is set at 311,000 euros, excluding expenses and taxes, and including ancillary features such as a parking space or storage room.
Those who meet the requirements can apply for the guarantee through the IVF’s online portal, where a manual with detailed instructions for processing the application and the full text of the call for applications are also available.
The guarantee entails no cost to either the applicant or the bank granting the loan. However, taxes and fees associated with the sale are not covered and must be paid by the buyer.
The guarantee remains in effect until a principal amount equal to or greater than the amount guaranteed by the IVF has been repaid.
The application must be processed through one of the financial institutions that have signed a collaboration agreement with the institute.
Who is eligible to apply?
To qualify for the program, interested parties must meet several requirements:
- Applicants must be Spanish nationals, nationals of an EU member state, or have legal residency in Spain if they are from outside the European Union.
- Be of legal age and no older than 45 at the time of applying for the guarantee (this age limit does not apply if the applicant resided in a municipality affected by the DANA on October 29, 2024).
- Not owning any other home anywhere in Spain, with the following exceptions: ownership of a share equal to or less than 50%, cases of separation or divorce without an award of the family home, or properties subject to a right of usufruct in favor of a third party.
- Provide proof of continuous residence in the Valencian Community during the two years prior to the application.
- Have a financing offer from a financial institution participating in the program.
- Be up to date on all obligations to the Valencian Regional Government.
Which banks participate in this program?
Applicants for the guarantee must always first have a firm offer from the bank before requesting the guarantee for the remaining amount up to 100% of the home’s value.
The banks that collaborate with the IVF are listed below:
- Abanca
- Banco Santander
- Banco Sabadell
- Caixa Ontinyent
- Caixa Popular
- Caixa Rural Benicarló
- Caixa Rural d’Algemesí
- Caixa Rural de l’Alcudia
- Caixa Rural l’Alcora
- Caixabank
- Caja Rural Central
- Caja Rural De Albal
- Caixa Rural La Vall “San Isidro”
- Ruralnostra
- Unicaja
- Caja Rural Nuestra Señora de la Esperanza de Onda
- Kutxabank
- Cajamar (Cajamar Group).
