1. Home
  2. Loans
  3. Mortgage loan

Do I meet the requirements?

For a mortgage loan, your taxable income as shown on your last notice of assessment at the time of the credit application must fall within the following income scales:

Number of dependants

Single person or single-parent household

Any other household

0€ 72.333€ 92.061
1€ 77.333€ 97.061
2€ 82.333€ 102.061
3€ 87.333€ 107.061
4   € 92.333* â‚¬ 112.061*

Where can I buy?

The house you wish to buy must be located in Brussels, which includes the following municipalities:

  • Anderlecht
  • Auderghem
  • Berchem-Sainte-Agathe
  • Bruxelles-ville
  • Etterbeek
  • Evere
  • Forest
  • Ganshoren
  • Ixelles
  • Jette
  • Koekelberg
  • Molenbeek-Saint-Jean
  • Saint-Gilles
  • Saint-Josse-ten-Noode
  • Schaerbeek
  • Uccle
  • Watermael-Boitsfort
  • Woluwe-Saint-Lambert
  • Woluwe-Saint-Pierre

How much can I borrow?

The amount of the loan will be determined according to your ability to repay.

In addition to the purchase price or the cost of building the home, the Fund's credit may also cover certain costs such as renovation work or legal fees. In certain cases, and if the Fund deems it justified, the credit can be up to 120% of the value of the property, possibly after any work has been carried out.

How is the interest rate set?

Your income and family situation determine the interest rate of your mortgage. In order to ensure transparency and stability, our loans are granted at a fixed interest rate in constant or progressive monthly instalments.

What is a progressive monthly payment?

It is a monthly payment that increases each year by a certain percentage, in this case 1%, which is normally lower than the inflation rate.

Your family situationMinimum rateMaximum rate
0 dependants3,85 %5 %
1 dependant3,65 %5 %
2 dependants*.3,45 %5 %
3 or more dependants3,25 %5 %

 *Or when all borrowers are under 40 years old.

How long will my repayment be?

In principle, the maximum duration of the mortgage is 30 years, and it must be fully repaid by the time the youngest borrower reaches the age of 70.

What are the obligations?

When you take out a mortgage with us to buy a property:

  • You must reside permanently in Belgium
  • You cannot own another property in Belgium or abroad
  • Your household will need to fully occupy the home

The 6 steps to become a homeowner in Brussels!

1. I get information

  • The Housing Fund is here to help you with any questions you may have about buying a property in the Brussels-Capital Region
  • Simulate your loan to find out your borrowing capacity and the conditions: monthly payment, interest rate, duration, etc.
  • Once you have found a property and have a purchase agreement, you will be given an appointment with us as soon as possible

 

2. I have found my future home

  • Take advice from your chosen notary (www.notaire.be)
  • Contact the relevant departments for any housing-related town planning questions
  • Find out about possible condominium charges
  • Make an estimate of the possible renovation to be done

3. I am committed to buy

  • Plan a deposit that may be required when signing a preliminary purchase agreement
  • Include a suspensive clause on obtaining a mortgage loan for at least six weeks from the date of signing the preliminary purchase agreement. 

4. I submit my application

  • Contact us to make an appointment. An adviser will make an appointment for you within 3 weeks.

5. I prepare my credit application

  • You must pay the Fund the appraisal costs (€324) and provide proof of payment before the Fund orders the expert to carry out the appraisal of the home.
  • An adviser in charge of your case will arrange a second meeting with you to analyse the contents of the expertise and the documents requested.

6. I receive the Fund's decision

  • If your loan is approved, you will receive a letter confirming that your loan has been granted. You must then pay the application fee (€60) within 8 days of this confirmation. If you fail to do so, the credit offer cannot be finalised.
  • Before signing your loan agreement with the notary, you will sign your loan offer with the Fund.
  • The loan deed will be signed and the funds made available in accordance with the deadline specified in the preliminary purchase agreement.

Simulate your mortgage loan!

Our online simulator allows you to carry out an initial simulation of your loan rates and repayments.

I start the simulation
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Documents

I have a written purchase agreement

Do you have a written and signed purchase agreement (offer to purchase/promise to sell) and would you like to make an appointment to submit a credit application? Fill in the online form and a desk officer will contact you within 3 weeks.

I have a commitment and I make an appointment

Complaint

Consumers who have reason to believe that the legislation applicable to their credit application or credit, as the case may be, has not been correctly applied may lodge a complaint with the Brussels Housing Fund at the following address:

Fonds du Logement de la RĂ©gion de Bruxelles-Capitale SC
Service des plaintes de consommations
Rue de l'EtĂ© 73 
1050 Brussels
+32 2 504 32 11
Mail: dac_plaintes_klachten@fonds.brussels

In order for the Fund to be able to process the complaint in the best possible way, the following information must be included:

  • the full identity of the consumer (surname, first name, date of birth and address)
  • if applicable, the file number of the credit application or credit
  • the reasons for the complaint

If the Fund does not respond within a reasonable period of time, the consumer may lodge a complaint with OMBUDSFIN. This independent association is responsible for the out-of-court settlement of consumer disputes in the field of financial services with the aim of helping to resolve disputes between a lender and a consumer, by providing advice on the matter or by acting as a mediator (except for debt mediation). Where appropriate, this complaint should be addressed to:

OMBUDSFIN asbl
North Gate II
Boulevard du Roi Albert II 8, bte 2
1000 Bruxelles
+32 2 545 77 70
ombudsman@ombudsfin.be
website: www.ombudsfin.be