In this guide
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In short
Up to date as of: October 2026. Conditions and rates checked against official sources on 19 October 2026.
The ICO (Instituto de Crédito Oficial, the state finance institute) guarantee line for first homes for young people and families with children is open. An addendum published in the BOE on 2 July 2026 extends the deadline for signing mortgages with this guarantee to 31 December 2027.
According to Banco de España, ICO guarantees up to 20% of the loan, or up to 25% for homes with an energy rating of D or better. By 31 October 2025, 8,549 such mortgages had been signed.
Who qualifies
- Young buyers: no older than 35 on the day the mortgage is signed; if there are two buyers, both. If anyone has turned 36, the condition is not met.
- Families with children under 18 — no age limit for the parents.
- Income — no higher than the limit set by the agreement’s monitoring committee, which may not exceed 7.5 times the IPREM per buyer. For families it rises by 0.3 IPREM per child, and by up to 70% for single-parent families. Ask the bank for the exact limit in your case.
- Net wealth (patrimonio neto) — no more than €150,000; buyers sign a declaration to this effect.
- Legal residence in Spain for two continuous years before applying; a first home that you will live in permanently for at least 10 years (Banco de España).
- The home price may not exceed the maximum set for each region. Ask the bank for the Valencian Community figure.
How to apply
You apply through a bank that has joined the ICO line: the bank checks the conditions and handles the operation. The ICO list includes CaixaBank, Santander, BBVA, Sabadell, Bankinter, ING, Unicaja, Kutxabank, Abanca, Cajamar, Caixa Popular and dozens of cooperative banks. Deutsche Bank is not listed.
ICO or IVF: comparison
The official rules do not say explicitly whether both guarantees can be combined on one mortgage. Ask a bank that takes part in both programmes.
| Item | ICO | IVF |
|---|---|---|
| Where | All of Spain | Valencian Community |
| Age | up to 35, or families with children | up to 45 (no limit for DANA-affected buyers) |
| Guarantee share | up to 20%, 25% for rating D or better | up to 20% (the 80–100% band) |
| Home price | regional maximum — ask the bank | up to €311,000 excluding taxes |
| Income and wealth | income limit up to 7.5 IPREM; wealth up to €150,000 | no limits in the rules |
| Residence | two years legally in Spain | two years in the Valencian Community |
| How to apply | through the bank | yourself online with the IVF after the bank offer |
| Deadline | sign by 31 Dec 2027 | until the €60 million is used up |
What to keep in mind
- The guarantee does not cover purchase taxes and costs.
- The bank decides on approval and the rate under its own risk policy.
- A larger loan means more interest over the term: work out the payment in advance.
IVF mortgage document checklist
How much of your own money do you really need?
Want to know how much of your own money you actually need? Tairix Invest will work out your case: price, taxes, costs and the mortgage share. We do not promise approval or specific rates — those are set by the bank.
We can guide you through getting a mortgage
Tairix Invest helps you prepare for a mortgage and supports the purchase:
- working out how much of your own money you really need
- finding a property that fits the programme rules
- preparing and checking documents
- help with the IVF guarantee application
- support with the purchase up to the notary
Terms for support and help with documents are agreed individually.
We are not a credit intermediary and do not promise approval: the bank decides on the mortgage.
Frequently asked questions
Is the ICO guarantee available in 2026?
Yes. The signing deadline was extended to 31 December 2027 (BOE of 2 July 2026).
Up to what age can I get the ICO guarantee?
Up to 35 inclusive on the signing date. Families with children under 18 have no age limit.
What share does ICO guarantee?
Up to 20% of the loan, or up to 25% for homes rated D or better (Banco de España).
How does ICO differ from IVF?
ICO is national, for under-35s or families with children, with income and wealth limits, and is arranged by the bank. IVF is regional, up to 45, with no income limit and a €311,000 price cap; you apply yourself.
Can ICO and IVF be combined?
The official rules do not address this directly. Ask a bank that takes part in both programmes.
Important
This information is for general guidance and is not financial advice. The final mortgage decision is made by the bank.
Free guides. Professional support.
These materials are free to read. Contact Irina and Tairix Invest for property searches and purchase or rental support. Service scope and fees are agreed before work starts.
Irina · Iryna Drahaliova is an API Alicante (APIAL) member, no. A599. Registered in the Comunitat Valenciana real estate agent register: RAICV 5885.
Office: Calle Patricio Pérez, 131, Torrevieja. Visits by appointment.