Under South Korea’s National Housing and Urban Fund, households giving birth within 2 years qualify for the Newborn Special Mortgage Loan (신생아 특례 디딤돌 대출), offering an extraordinary 1.6% to 3.3% interest rate and comprehensive refinancing rights.
💡 3-Minute BriefCore Guidelines
- Income Limit Eased: Combined household income ceiling relaxed to ₩200 million.
- Housing Threshold: Applicable for properties valued up to ₩900M with a maximum loan of ₩500M.
- Commercial Refinancing: Borrowers can refinance pre-existing 4-5% bank mortgages into 1.6% policy rates.