The State guarantee scheme in housing loans is a measure for young people aged up to 35 who wish to finance the purchase of their first own and permanent residence.

In order to be eligible for this scheme, bank customers must fulfil the following requirements at the time of verification of the documents for drawing up the draft credit agreements:

• be between 18 and 35 years old;
• have their tax domicile in Portugal;
• not own an urban building or unit of an urban residential building;
• not have previously benefited from a State guarantee.

In addition, bank customers must fulfil the following requirements as at the date of the loan application to the institution:

• have income not exceeding the eighth personal income tax bracket (in 2024, less than €80,000 per year according to current brackets);
• if exempted from filing an income tax statement under Article 58 of the Personal Income Tax Code, have a monthly income from labour declared to Social Security or receive social benefits not exceeding the monthly amount corresponding to one-fourteenth of the ceiling for the eighth bracket in the personal income tax scale.

Bank customers must also have their tax and social security obligations duly fulfilled at the time the State guarantee is granted.

All of the property’s buyers must be borrowers of the credit agreement and must fulfil the eligibility requirements.