ASSISTANCE WITH PURCHASING AN APARTMENT (MORTGAGE) TO NEWCOMERS (“Olim”)
Holders of a newcomer ID defined as homeless may be eligible to assistance in purchasing an apartment for 15 years from the day of arrival in Israel. The amount of the mortgage will be set according to the age, the family status, and experience in Israel.
Who is eligible?
Families with only one parent and individuals with a valid newcomer ID defined as homeless.
Following the governmental decision number 4433, the eligibility period for those who came to Israel from 01.11.1997 and forward, has been lengthened to 15 years from the day of coming to Israel.
Process of implementing your right
Getting an eligibility certificate
Getting assistance in housing is conditional to presenting a valid eligibility certificate from the Ministry of Building and Housing and the Ministry of Aliyah Receiving.
In the certificate all family members written in the same newcomer ID and asking for assistance in housing together.
The eligibility certificate is generated for a limited period of time, usually for only one year, and according to the period of eligibility as a newcomer.
In order to have the eligibility certificate generated, you must contact a mortgage bank and present the following documents: Newcomer ID, state ID, approval of IDF service, and for families: marriage certificate.
Amount of mortgage
The amount of mortgage given depends on the securities needed by the bank and according to the instructions of the Israel Bank about self-provided funds amounting to at least 25% of the value of the apartment, and will be set according to the following details:
Families in the first year in Israel will get assistance (according to automatic scoring) amounting to at least 1700 points.
Families in Israel for over a year will get assistance (according to automatic scoring) amounting to at least 1800 points.
The families may be eligible for more points over the above assistance, according to criteria.
Individuals ages 21 and up are eligible for a guaranteed loan (according to automatic scoring) amounting to 600 points and to additional points according to criteria.
Individual newcomers above the age of 45 will get additional 400 points.
In any case, an individual can only collect 1690 points.
A senior and a newcomer living together will collect points according to the seniority of the newcomer in Israel and the number of children they have, in addition to a constant eligibility of 700 points.
If the age of the newcomer is above 45, 400 additional points will be granted.
Single parent families are eligible for an automatic addition that depends on their seniority in Israel and their seniority in the title “single parent”
Newcomers that served in the IDF are eligible for additional assistance according to the amount of months served.
Newcomers are given the option to purchase an apartment with their first degree relatives. Their relatives will be eligible to 80% of their mortgage according to their score.
Anyone who answers any of these definitions will get an additional 200 points: Permanently blind with a blind ID/vision impaired, holder of a permit from social security/ministry of health/ministry of security that states a 75% disabled score or higher, 75% inability score or higher, or immobility of 75% or higher.
As well as that, a minimum score will be set anyways: The total score for individuals in these cases will not be under 1500 points and will not exceed 1890 points. The total points for a family in these cases will not be under 1900 points.
A family with two disabled persons matching the above definitions, or a disabled person that according to a permit from the regional ministry of health is disabled 100% permanently and is permanently bound to a wheelchair, will be eligible to 2200 points.
An individual that according to a permit from the regional ministry of health is disabled 100% permanently and is permanently bound to a wheelchair will be eligible to 2000 points.
Scoring method for newcomer families
A newcomer family is everyone included in one newcomer ID and matches one of the following definitions: Couple of newcomers with or without children; Newcomer married to a senior with a child born abroad prior to the date of getting the newcomer status; Individual newcomer with at least one child when: a. The significant other of the newcomer did not come to Israel b. The newcomer lives with a fiancée or a fiancé or c. The child is over the age of 21.
The points collected by a family of newcomers can be broken down into two properties:
Seniority in Israel: Amount of full years from the day of getting the newcomer status. If 0 years, 30 points. If 1 year, 250 points. If 2 years, 300 points. If 3 years, 350 points, etc.
Amount of children: “A child” is a son or daughter of the primary assistance requester as detailed in the parent’s newcomer ID, if they are unmarried and their age when getting the newcomer status was less than 25. When counting children, the following cases are considered a child: Children born after coming to Israel, children that are newcomers, pregnancy from fifth month forward of a primary assistance requester.
|100||Every additional child|
For every newcomer family a static addition of 730 points will be applied, in addition to the collective score according to the tables. In any case a minimum score is defined: In the first year in Israel, the score may not go under 1700 points. In the second year and forward, the score may not go under 1800 points.
Additional mortgage for newcomer families by seniority
For families with more than 5 years an additional mortgage will be given, amounted according to the amount of full years from the date of acquiring the newcomer status. The addition is given in load terms of 3% interest for 28 years.
|Years since getting the newcomer status||Amount added|
*For additional information see the website of the Ministry of Building and Housing.
*The information in the site is general and is not binding. The binding rights are set by law, regulation, and court rulings. The usage of information available in the site is not a replacement for legal/professional advice or caretaking, and relying on what is said in it is in the sole responsibility of the user. You should look in the Terms of Service