청년주택드림청약통장Q. What are the main benefits of the Youth Housing Dream Subscription Account?
The biggest feature of the Youth Housing Dream Subscription Account is that, for the first time in history, it supports long-term, low-interest loans by linking the subscription account with a housing mortgage loan.
If you win a housing subscription using this bank account, you can borrow up to 80% of the purchase price with a low interest rate of as low as 2.2% and a maximum maturity of 40 years through the exclusive loan ‘Youth Housing Dream Loan.’
If you get married, give birth, or become a family with multiple children after using the loan product, you can receive additional interest rates. Preferential interest rates are applied at 0.1% points for marriage, 0.5% points for the first childbirth, and 0.2% points for each additional childbirth, and the lower limit of the loan interest rate is 1.5%.
The exclusive loan product can be used by those who are 20 to 39 years old and do not own a home, and the income requirement is KRW 70 million per year for singles and KRW 100 million for married people. You must have subscribed to the subscription account for at least one year and have a history of paying more than 10 million won.
In addition, houses eligible for exclusive loans are limited to houses with a sales price of 600 million won or less and an exclusive area of 85㎡ or less.
The interest rate will be raised from the existing maximum annual rate of 4.3% to 4.5%, and the payment limit will also be increased from 500,000 won to 1 million won per month.
Q. What are the requirements for signing up for the Youth Housing Dream subscription account?
The subscription requirements for the Youth Housing Dream Subscription Account have been relaxed compared to the current youth-friendly housing subscription account.
Looking at the income requirements, for the existing youth preferential subscription account, the annual income was 36 million won or less, but for the youth housing dream subscription account, the annual income was greatly reduced to 50 million won or less, and the previous condition of ‘head of household without a home’ was changed to ‘homeless person’, so that the person must be 19 years old. It appears that a significant portion of young people aged ~34 years will be able to meet the membership requirements.
People who have previously subscribed to the youth-friendly housing subscription comprehensive savings can also switch to a new subscription account if they meet the requirements such as income standards and not owning a home, and both the existing subscription period and number of payments can be recognized.
