K&H: first-time home buyers submit 200 home loan applications per day

By: Trademagazin Date: 2025. 10. 01. 10:38

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The Otthon Start Program, which was launched in September, generated significant demand, according to K&H. In the first month, the financial institution received an average of 200 applications per business day to purchase their first home. Many of these home loan applications have already been approved. The average term of the applications related to the program is 22 years, which exceeds the average term of 18 years for home loans on the market. In addition, the HUF 37 million amount of the home loans in question exceeds the HUF 28 million amount of market schemes by 32 percent.

Munkajogi kérdések veszélyhelyzet idején According to K&H, the Otthon Start Program, which provides home loans, has resulted in a significant increase in demand for home loans on the Hungarian market. Thanks to state support, first-time home buyers can take out a home loan of up to HUF 50 million for a term of up to 25 years at a maximum interest rate of 3 percent under the program. The financial institution was already prepared for the rush before the September launch, as it assisted in the rapid loan administration with pre-qualifications and valuations.

200 applications per day

“In the first month, a total of nearly 3,000 loan applications were submitted to K&H within the framework of the program. This corresponds to an average of almost 200 loan applications per day, considering working days. Within this, a number of loans were also accepted by the end of the fourth week of September. K&H processes housing loans as quickly as possible so that applicants can receive the loan and move into the purchased residential property as soon as possible”

– Gergő Molnár, K&H’s head of retail marketing, assessed the period following the launch of the program. He also announced that the first Otthon Start housing loan was disbursed in mid-September. It was a residential property in Kecskemét, for which the buyer took out a loan of 29 million forints. Since then, several housing loans have been disbursed, for properties in different geographical locations, including residential properties in the Budapest, southeast and southwest regions.

Gergő Molnár also spoke about the fact that there are applications that the financial institution is forced to reject. In these cases, it is usually because the given residential property cannot be financed, or the applicant does not have sufficient income. In addition, it is common that in the past 10 years, the applicant has had an ownership share of more than 50 percent in another property, which is an exclusion reason in the case of the Otthon Start Program. It is important to emphasize that these clients cannot be financed or cannot be financed with this product for legal reasons – so they are excluded not only because of the conditions of the program, but also because of legal restrictions.