Everything About Accesspack: The Social Mortgage Loan in Wallonia

In Wallonia, future homeowners with a modest income can now benefit from the Accesspack, a social mortgage loan that allows you to borrow 100% of the value of your home at an attractive interest rate. This makes it easier for many people to buy, build, or renovate a home, even if they don’t have a large income.

What is the Accesspack?

The Accesspack is a mortgage loan offered by the Société wallonne de crédit social designed specifically to support people with lower incomes in purchasing their home. The loan comes with a fixed interest rate and a repayment period ranging from 5 to 30 years. The Accesspack can be used for buying, building, or renovating a home, as well as paying off an existing mortgage used to purchase the property.

This loan is intended solely for the purchase of a first home. If you already own a property, you are not eligible for this loan. The Accesspack is ideal for people looking to purchase or renovate their first home, but who don’t have the full means to do so independently.

Who Can Benefit from the Accesspack?

To qualify for this advantageous mortgage loan, you must meet the following criteria:

• Be at least 18 years old and able to repay the loan before reaching your 76th birthday.
• Be domiciled in Belgium and not be the full owner of any other property.
• You can apply for the loan individually or as a couple, with or without children (for families with more than two children, the application must be processed through the Fonds du logement de Wallonie).
• You must take out a death insurance policy for at least 100% of the borrowed amount with an approved insurance company, as well as a fire insurance policy.
• Your income should not exceed €65,000 annually.
• You must have a stable income and the financial capacity to repay the loan.
• In case of non-payment, you must agree to forfeit the transferable portion of your salary.
• You must live in the property for the entire duration of the loan.
• The property must be located in Wallonia and have a market value of less than €260,000 (in areas with high demand, the ceiling increases to €351,000).

What Are the Interest Rates for Accesspack?

The interest rate for the Accesspack ranges from 1.3% to 2.5%, depending on your income. The higher your income, the higher the interest rate you’ll pay. If you are under 35 years old, you will receive a 0.4% discount on the usual rate based on your income level.

With the Accesspack, you can borrow up to 100% of the value of the property. In some cases, you may even borrow up to 125%, depending on your situation.

Why Choose Accesspack?

The Accesspack offers numerous advantages for people with a modest income who wish to invest in property. With its low interest rates and favorable conditions, it now makes it possible for many people to purchase or renovate their dream home, even with limited savings.

If you live in Wallonia and are looking to buy, build, or renovate your first home, the Accesspack is an excellent solution to access affordable financing. Not only does it help you save on loan costs, but it also makes it easier to achieve your property goals, even with a modest income.