First Time Buyers Scheme by Maltese Government

The purpose of this Scheme is to provide support to individuals who, even though eligible for a home loan, do not possess the essential funds to pay the mandatory 10% down payment at the time of signing the promise of sale. Although the applicant will be responsible for repaying this personal loan, the Housing Authority will finance the interest incurred on the loan throughout the entire duration. The Bank will assist the applicant in purchasing a home that they can utilize as their primary residence. The Bank is prepared to offer loans that will cover both the deposit paid at the time of the promise of sale and the remaining balance of the total property cost.