Yeonggwang-gun Supports Mortgage Interest for Newlywed Couples and Multichild Families

[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 14th that it will promote the ‘Newlywed Couples and Multi-Child Families Housing Support Project’ together with Jeollanam-do to alleviate the housing cost burden by supporting part of the mortgage interest for newlywed couples and multi-child families residing in the area.

The support targets are newlywed couples and multi-child families without a house who have their resident registration in the county and have passed the loan screening of the Korea Housing Finance Corporation and purchased a house in the county since December last year.

Newlywed couples must have registered their marriage within 7 years from the loan screening application date, both spouses must be under 49 years old, and this year, prospective couples who will register their marriage within 3 months from the loan execution date are also included.

Multi-child families must have three or more minor children, with at least one child being 12 years old or younger.

However, those who own multiple houses in one household, low-income housing benefit recipients, and those eligible for rental housing supply projects by the Korea Land and Housing Corporation (LH) are excluded.

This year, 10 households will be newly selected, and applicants will receive a fixed monthly amount ranging from 50,000 KRW to a maximum of 150,000 KRW for three years, depending on the loan amount.

The application period is until August 28, but recruitment will be on a first-come, first-served basis until the project quota is exhausted.

Applicants can visit the local town or township office with the required documents to apply.

This content was produced with the assistance of AI translation services.