Valencia to offer no-deposit mortgages

The Valencian Community government announced an expanded public-guarantee scheme that will let residents aged 18 to 45 take out a mortgage covering 100% of a property’s price.

The authorities increased the programme budget via the Institut Valencià de Finances (IVF) by 50% and raised the state guarantee from 15% to 20% of the home price. With that backing, banks can offer loans without requiring a deposit from the buyer.

The programme covers both new-build and resale homes, as long as the buyer uses the property as their main residence. The government also raised the maximum eligible property price from €277,000 to €311,000.

Spanish and EU citizens can apply, along with foreign nationals who hold legal residency status. Applicants must be aged 18 to 45 inclusive at the time they apply (separate exceptions apply for people affected by the 2024 DANA floods).

One of the main requirements: you must not own property anywhere in Spain, except in specific cases — for example, if you own less than a 50% share, or if you lost the right to use the home after a divorce.

You also need to prove continuous residence in the Valencian Community for two years and show that you have no outstanding debts to regional authorities. You must also provide either a financing offer or an application from a bank that participates in the programme.

How to apply?

You submit your application online via the IVF digital platform. The same site lists the banks that take part. After IVF checks your documents, it decides whether to grant the guarantee and notifies both the applicant and the chosen lender.