Gokseong-gun Supports Loan Interest for Newlywed and Multi-Child Families' Home Purchases

Up to 250,000 KRW per month... 3 years of support
Reducing housing cost burden and promoting stable settlement

Gokseong-gun, Jeollanam-do announced on the 3rd that it is recruiting applicants for the '2024 Newlywed Couples and Multi-Child Families Housing Support Project.'

The 'Newlywed Couples and Multi-Child Families Housing Support Project' is designed to reduce housing cost burdens by providing newlywed couples and multi-child families who purchase and reside in homes within the jurisdiction with up to 250,000 KRW per month in housing loan interest support for three years, helping them to settle stably in Gokseong-gun.

Gokseong-gun supports mortgage interest payments for newlyweds and families with multiple children.
[Photo by Gokseong-gun]

The eligible applicants are newlywed couples (under 49 years old, married within the last 7 years) or multi-child families (with two or more minor children, at least one child under 12 years old) who have passed loan screening by the Korea Housing Finance Corporation and others, and purchased a home in Gokseong-gun valued at 600 million KRW or less between October last year and September this year.

The income criteria are a combined annual income of 85 million KRW or less for newlywed couples, and 100 million KRW or less for multi-child families.

However, owners of multiple homes in one household, recipients of housing benefits for low-income groups, and beneficiaries of similar housing-related projects by the government or local governments are excluded from eligibility.

A county official said, “We hope this project will help reduce the economic burden on newlywed couples and multi-child families amid difficult economic conditions,” and added, “We plan to continuously prepare support measures to create a favorable environment for marriage, childbirth, and child-rearing in Gokseong-gun.”

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