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Mortgage Solutions for Young People

State Guarantee for Young People Under 35

Acquisition of a Permanent Primary Residence
Acquisition of a Permanent Primary Residence

State Personal Guarantee

Don’t miss out!

Couple giving a high five while sitting on the floor, leaning against moving boxes
If you’re under 35* You can now buy your first home with financing of up to 100% of the property’s value. No initial down payment required.

With State Personal Guarantee, Millennium can lend up to 100% of the property value (the State guarantee cannot exceed 15% of the original contracted principal amount).
Couple giving a high five while sitting on the floor, leaning against moving boxes
If you’re under 35* You can now buy your first home with financing of up to 100% of the property’s value. No initial down payment required.

With State Personal Guarantee, Millennium can lend up to 100% of the property value (the State guarantee cannot exceed 15% of the original contracted principal amount).

*Access conditions

Everything you need to know

What do you need to get the financing?
You must be 35 or younger
You need to have tax residency in Portugal and be up to date with your tax and social security obligations
Your income can’t exceed the 8th IRS bracket, which is currently €80,000 annually or about €5,800 gross per month
You can’t own any property, whether it's a building or an independent unit in a residential building
You can’t have used this guarantee before, as stated in Decree-Law No. 44/2024, of July 10
Which homes are eligible?
Homes valued at up to €450,000 (whichever is lower: purchase price or appraisal value)
Homes intended for the first purchase of a permanent primary residence, as outlined by Decree-Law No. 74-A/2017, of June 23, in its current version
Homes where the State Guarantee doesn’t exceed 15% of the transaction value. This percentage must be adjusted proportionally if the bank finances less than 100% of the transaction value

State Guarantee

Features

Pag Comissao
Type
Personal Guarantee by the State, in the form of surety.
Juros
Maximum coverage limit
Up to 15% of the transaction value (the State’s guarantee cannot exceed 15% of the outstanding principal at any time).
Pag Fatia
Implications of guarantee activation
Activating the guarantee does not relieve the Customer of the obligation to fully repay the debt to Millennium.
Reforco Ok
Maximum term
10 years.
CC Ciclo
Validity
The guarantee is available until 31/12/2026.

Fist Home Tax Exemptions

Grab this opportunity

Get The Best Of Both Worlds
Get The Best Of Both Worlds
Up to 100% financing plus exemptions from IMT and Stamp Duty
Up to 100% financing plus exemptions from IMT and Stamp Duty
Learn about tax benefits

Fist Home Tax Exemptions

Grab this opportunity

Get The Best Of Both Worlds
Get The Best Of Both Worlds
Up to 100% financing plus exemptions from IMT and Stamp Duty
Up to 100% financing plus exemptions from IMT and Stamp Duty
Learn about tax benefits

Frequently asked questions

Questions? We'll help

The State Guarantee is valid for 10 years from the date of the loan but ends earlier if the loan holders fulfill all obligations in contracts with a term shorter than 10 years.

The State Guarantee is valid for 10 years from the date of the loan but ends earlier if the loan holders fulfill all obligations in contracts with a term shorter than 10 years.

Borrowers must provide the following documents when applying for a loan:

  • Tax residence certificate issued by the Portuguese Tax Authority;
  • Borrowers with IRS declaration: Access key to the IRS Settlement Note, or;
  • Borrowers without IRS declaration with declared income to Social Security - Certificate of exemption from IRS submission + Social Security statement of declared income for the last 3 months, or;
  • Borrowers without IRS declaration and recipients of social benefits: Certificate of exemption from IRS submission + Social Security statement showing the monthly value and type of social benefits received;
  • Certificate of no tax debts issued by the Portuguese Tax Authority;
  • Certificate of no debts to Social Security;
  • Negative property registry certificate issued by the Portuguese Tax Authority;
  • Certificate of No Debt from the Tax Authority;
  • Certificate of No Debt from Social Security;
  • Borrower's Declaration confirming that the financing will be used for the intended purpose, that the borrower has never benefited from the State Guarantee for this purpose, and that the acquired property will remain dedicated to its intended use during the Guarantee period.

Borrowers must provide the following documents when applying for a loan:

  • Tax residence certificate issued by the Portuguese Tax Authority;
  • Borrowers with IRS declaration: Access key to the IRS Settlement Note, or;
  • Borrowers without IRS declaration with declared income to Social Security - Certificate of exemption from IRS submission + Social Security statement of declared income for the last 3 months, or;
  • Borrowers without IRS declaration and recipients of social benefits: Certificate of exemption from IRS submission + Social Security statement showing the monthly value and type of social benefits received;
  • Certificate of no tax debts issued by the Portuguese Tax Authority;
  • Certificate of no debts to Social Security;
  • Negative property registry certificate issued by the Portuguese Tax Authority;
  • Certificate of No Debt from the Tax Authority;
  • Certificate of No Debt from Social Security;
  • Borrower's Declaration confirming that the financing will be used for the intended purpose, that the borrower has never benefited from the State Guarantee for this purpose, and that the acquired property will remain dedicated to its intended use during the Guarantee period.

Loans for construction, renovations, and financial leasing agreements are excluded from this State support.

Loans for construction, renovations, and financial leasing agreements are excluded from this State support.

No, it also applies to loans that partially finance the transaction value, provided the percentage is proportionally adjusted when the Bank finances less than 100%, as long as it exceeds 85% of the transaction value.

No, it also applies to loans that partially finance the transaction value, provided the percentage is proportionally adjusted when the Bank finances less than 100%, as long as it exceeds 85% of the transaction value.

The transaction value is the lower amount between the purchase price and the appraisal value of the urban property or autonomous unit of an urban property at the time the loan is contracted. This value is determined under Article 18 of Decree-Law No. 74-A/2017, of June 23, and must be accepted by the lender.

The transaction value is the lower amount between the purchase price and the appraisal value of the urban property or autonomous unit of an urban property at the time the loan is contracted. This value is determined under Article 18 of Decree-Law No. 74-A/2017, of June 23, and must be accepted by the lender.

Frequently asked questions

Questions? We'll help

The State Guarantee is valid for 10 years from the date of the loan but ends earlier if the loan holders fulfill all obligations in contracts with a term shorter than 10 years.

The State Guarantee is valid for 10 years from the date of the loan but ends earlier if the loan holders fulfill all obligations in contracts with a term shorter than 10 years.

Borrowers must provide the following documents when applying for a loan:

  • Tax residence certificate issued by the Portuguese Tax Authority;
  • Borrowers with IRS declaration: Access key to the IRS Settlement Note, or;
  • Borrowers without IRS declaration with declared income to Social Security - Certificate of exemption from IRS submission + Social Security statement of declared income for the last 3 months, or;
  • Borrowers without IRS declaration and recipients of social benefits: Certificate of exemption from IRS submission + Social Security statement showing the monthly value and type of social benefits received;
  • Certificate of no tax debts issued by the Portuguese Tax Authority;
  • Certificate of no debts to Social Security;
  • Negative property registry certificate issued by the Portuguese Tax Authority;
  • Certificate of No Debt from the Tax Authority;
  • Certificate of No Debt from Social Security;
  • Borrower's Declaration confirming that the financing will be used for the intended purpose, that the borrower has never benefited from the State Guarantee for this purpose, and that the acquired property will remain dedicated to its intended use during the Guarantee period.

Borrowers must provide the following documents when applying for a loan:

  • Tax residence certificate issued by the Portuguese Tax Authority;
  • Borrowers with IRS declaration: Access key to the IRS Settlement Note, or;
  • Borrowers without IRS declaration with declared income to Social Security - Certificate of exemption from IRS submission + Social Security statement of declared income for the last 3 months, or;
  • Borrowers without IRS declaration and recipients of social benefits: Certificate of exemption from IRS submission + Social Security statement showing the monthly value and type of social benefits received;
  • Certificate of no tax debts issued by the Portuguese Tax Authority;
  • Certificate of no debts to Social Security;
  • Negative property registry certificate issued by the Portuguese Tax Authority;
  • Certificate of No Debt from the Tax Authority;
  • Certificate of No Debt from Social Security;
  • Borrower's Declaration confirming that the financing will be used for the intended purpose, that the borrower has never benefited from the State Guarantee for this purpose, and that the acquired property will remain dedicated to its intended use during the Guarantee period.

Loans for construction, renovations, and financial leasing agreements are excluded from this State support.

Loans for construction, renovations, and financial leasing agreements are excluded from this State support.

No, it also applies to loans that partially finance the transaction value, provided the percentage is proportionally adjusted when the Bank finances less than 100%, as long as it exceeds 85% of the transaction value.

No, it also applies to loans that partially finance the transaction value, provided the percentage is proportionally adjusted when the Bank finances less than 100%, as long as it exceeds 85% of the transaction value.

The transaction value is the lower amount between the purchase price and the appraisal value of the urban property or autonomous unit of an urban property at the time the loan is contracted. This value is determined under Article 18 of Decree-Law No. 74-A/2017, of June 23, and must be accepted by the lender.

The transaction value is the lower amount between the purchase price and the appraisal value of the urban property or autonomous unit of an urban property at the time the loan is contracted. This value is determined under Article 18 of Decree-Law No. 74-A/2017, of June 23, and must be accepted by the lender.

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Meeting the eligibility requirements outlined in the State's personal guarantee scheme does not override the Institution's discretion in granting credit.

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