This question comes up regularly in various credit forums. But getting a real estate loan when you’re in a cdd or when you’re intermittent is entirely possible if you respect a certain number of conditions, even if a contract on a permanent contract makes it easier to borrow .
I am on a fixed term, can I get a mortgage?
If you are in a cdd and have been working for about ten years, the situation will worry the banker less than if you have just entered the workforce and this is your first job.
In the case of co-borrowers, if one member of the couple has a contract of employment in CDI, the situation may only be reinforced.
Other criteria for analysis
The study of a credit file leads the banker to analyze a certain number of criteria. It will be all the more intransigent that you have a precarious situation with a fixed term contract or an interim contract.
The personal contribution
The first criterion of analysis, the personal contribution proves to the banker that you knew how to save. Moreover, to lend beyond the value of the real estate, ie to finance in addition the notary fees does not enchant the banker. This situation is even more troublesome if you do not have a stable situation and you ask for a mortgage when you are in cdd.
However, it is easy for banks to understand that a young worker has not had the years to build capital. It will therefore be more flexible for a purchase for a primo accedant.
When the job situation is not stabilized, bank statements can prove to your banker that you know how to manage your budget. Otherwise, you will have trouble convincing the bank that it takes no risk to lend you
The debt ratio
Again if you apply for a mortgage with a fixed-term employment contract, the bank will be very strict on the debt ratio and will accept very difficult debt over 33%.
The rest to live
This is a point in the credit file that is being watched more and more by the banker. The “remainder to live” is the portion of income that remains once the credit date has been settled. It must be sufficient to support the members of the household. This amount is therefore analyzed according to the number of people in the household
What you need to remember if you are applying for a real estate loan and you are in a cdd or intermediation is that it is quite possible to obtain a loan but expect that the other aspects of the file are analyzed in great detail by the banker.
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