eOselya Program: How Much You Need to Earn for Mortgage Approval.

According to inkorr.com: The "eOselya" program provides Ukrainians with the opportunity to purchase their own housing at reduced rates - 3% or 7% per annum. It has become one of the most popular government initiatives in the housing sector over the three years of its existence. The publication reports on the features of the program.

Who Can Access the "eOselya" Mortgage

According to information from the "Ukrfinzhylo" company, Ukrainians aged 18 to 70 (at the time of loan repayment) with official incomes, without their own housing, or with housing that has an area smaller than the established norms: 52.5 sq. m + 21 sq. m for each additional family member can apply to participate in the program.

For - military personnel, medical workers, educators, and scientists - a reduced rate of 3% for the first ten years is provided. After that, the rate will rise to 6%. For all other categories, a rate of 7% is available, with a subsequent increase to 10%.

Conditions for Obtaining the "eOselya" Mortgage

To join the program, several main requirements must be met:

• First installment: 20% of the housing cost (or 10% for young people under 25 years old).
• Loan term: up to 20 years.
• Housing area: no more than 52.5 sq. m + 21 sq. m for each family member.
• One-time fee: up to 1% of the loan amount.
• Insurance payments: 0.25–1.25% depending on the bank.

Required Income for Obtaining a Loan Under the "eOselya" Program

Kateryna Lychana, head of partner relations at "Globuss Bank", notes that for a family of two with a total monthly income of 40,000 UAH, banks usually approve the loan with a minimum first installment of 20%. This is enough to purchase an apartment worth approximately 2.1 million UAH.

The average loan amount under the program is 1.65 million UAH, and the initial monthly payment is about 11,000 UAH, gradually decreasing. If the housing costs 2 million UAH, you need to contribute 400 thousand UAH of your own funds and take a loan of 1.6 million UAH at 3%.

Considering the Income of Relatives

The bank may consider the joint income of the family, guarantors, or even parents if they are willing to confirm the borrower's financial capacity. The main requirement is that the monthly payment should not exceed 30% of the family's income. With low incomes, the bank may reduce the loan amount or refuse participation.

For young Ukrainians (under 25 years old), a relief applies: the first installment is only 10%. And for privileged categories, the rate will remain at a minimum of 3% for ten years. The program in the secondary market is also applicable only for housing that has been put into operation no more than 3–10 years ago, depending on the borrower's category.

Thus, to participate in the "eOselya" program, you should have a stable official income of at least 40 thousand UAH per month and prepare a first installment of 10–20% of the housing cost.

Earlier, it was reported that the first IDP family .

The "eOselya" program has become an important step in helping Ukrainians secure their housing conditions amid economic difficulties. Thanks to affordable mortgages, more people are getting the chance to become homeowners, which could positively impact the housing market in the country. Reduced interest rates and flexible conditions open up new opportunities for youth and privileged groups of the population.