Affordable Housing for Young Families from IDBank
IDBank
Affordable Housing for Young Families
Relevant for 16.09.2026
Effective rate
8.25% - 10.1%
Rate
7.4% - 8.4%
Amount
to 27 750 000֏
Down payment
from 10%
Term
10 - 15 years
Available for non-residents of Armenia
No
Loans for the acquisition of residential real estate in the Republic of Armenia | |
Purpose | new build, secondary market |
Collateral | Acquired real estate, and if necessary, also a second property |
Down payment | from 10% |
Loan term | 10 - 15 years |
Loan currency | ֏ |
Loan amount | to 27 750 000֏ |
Payment type | Annuity and Differentiated |
Validity period of the decision | 30 business days |
Additional terms | The total monthly net income of the spouses and possible co-borrowers should not exceed 800,000 AMD, The spouses should not own other residential real estate (house or apartment), except if the area per person in the respective apartment/house is less than 18 sq. meters, The real estate must be acquired for permanent residence, The acquisition price, in the case of purchasing from the secondary market, should not exceed 25 million AMD, while the appraised market value should not exceed 26 million AMD, And for the primary market (purchasing directly from the developer), the acquisition price should not exceed 30 million AMD, while the appraised market value should not exceed 31 million AMD. Loans are granted to individuals for the purpose of acquiring residential real estate (with an 80% or higher completion rate) for permanent residence |
This loan can be taken under the following programs: | State Target Program "Affordable Housing for Young Families" |
Documents required for application: Identification document of the borrower and co-borrower Taxpayer identification number of the borrower and co-borrower or certificate of absence of the INN, Marriage,death, and Dissolution certificate Identification documents for children Certificate of ownership of real estate, Documents confirming the grounds for issuing a certificate of ownership |
Documents required after loan approval: A certificate from the State Cadastre Committee under the Government of the Republic of Armenia stating that the property has not been pledged or is not under another type of arrest Real estate valuation certificate provided by independent appraisal companies cooperating with the Bank Identity cards of property owners In the case of sellers who are legal entities, the decision of the authorized body on the sale of property, the passport of the person carrying out the transaction, the INN, the certificate of state registration of the Republic of Armenia and the charter |
Terms apply to the bank's head office and may differ at its branches.
Apply for a mortgage