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Economy and Mortgages

Tips for young people applying for a mortgage

If you are under 35, take advantage of the favorable financing offered by banks.


If you've finally found your dream home that fits your budget, you're under 35 and need financing, you can make the most of the 'young person mortgages' that many financial institutions have designed for clients with your profile.


These products are aimed at an audience aged between 18 and 35 and, compared to traditional mortgages, have a number of advantages that you should take into account.

Updated: 11 MAY 2026
PUBLICATION DATE: 01 JAN 0001

Summary

  • Find out how much we can finance for you

  • It's said that getting a mortgage is a slow process, but it turns out you can calculate yours in two minutes.

Advantages of a mortgage for young people

  • Higher financing options: Banks understand that, due to age and employment history, these mortgage holders have limited savings. Therefore, it's possible to finance more than 80% of the property value. Some institutions even commit to offering 100% of the amount you need. However, in this case, they may require you to provide guarantees to the bank in case of insolvency. The final amount financed, however, will depend on each applicant's specific circumstances.
  • Longer repayment terms: Since the borrower has more time to pay off the debt, the bank is more flexible when agreeing on the repayment period. The longer the agreed term, the lower the monthly cost of your mortgage. However, the interest rate may also be higher. Generally, banks and financial institutions limit the maximum term of mortgage loans to 25 or 30 years, although in some cases a longer term may be offered.
  • Grace period: Some lenders offer a grace period for the initial mortgage payment on their young person's mortgage. This option can be ideal for recovering the initial outlay on the home purchase or for covering other home-related expenses.
  • Lower fees: This is another major advantage of mortgage products for those under 35. Each bank has its own specific terms, but it's possible to get a mortgage with no fees (opening, early repayment, etc.).
  • Lower interest rates: Some financial institutions offer a tighter spread on their 'young person' mortgage than on the rest of their mortgage products.
  • No obligation to purchase products associated with the mortgage: Unlike other types of clients, some financial institutions do not link the formalization of this type of product to the purchase of a pension plan or life insurance.

Negotiation factors

As you can see, taking out a mortgage as a young person has many advantages. But you shouldn't forget that there are a number of factors that will make negotiating with the bank much easier:

  • Your employment status: The bank will view favorably if you are a salaried employee and have worked at the same company for a certain period. And, of course, your monthly household income is an important factor in evaluating the loan.
  • The savings you can contribute to the purchase of the home: If you have the possibility of self-financing around 30% of the total cost of the house, you will have many points in your favor when negotiating with your bank.
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