Domakihub My Home II
Subsidized-interest loans for younger buyers to purchase and renovate a first home.
Who qualifies
Eligible younger first-home buyers within income and asset limits.
What you can use it for
Home purchase + renovation works
Timing: Run by the Ministry of Social Cohesion & Family.
How to apply
- 1 Check eligibility (age, income and asset limits)
- 2 Apply through a participating bank
- 3 Get loan approval
- 4 Purchase and/or renovate the first home
- 5 The state subsidizes part of the interest
What Spiti Mou II is
Spiti Mou II (Σπίτι μου II / My Home II) is a Greek state programme that helps younger buyers purchase their first home through a subsidised-interest loan. It is important to be clear about what it is: this is not a cash grant, but a home loan on which the state covers part of the interest, making the borrowing significantly cheaper. The loan is arranged together with a participating bank, while the state contributes the interest subsidy. The programme is run by the Ministry of Social Cohesion and Family. The goal is to make a first home more affordable for people who would otherwise struggle to finance the purchase on commercial terms.
Who qualifies
Spiti Mou II is aimed at younger buyers and applies age, income and asset limits rather than being open to everyone. Applicants must fall within a defined age range and stay below set income thresholds, which are higher for couples and families with children. There are also limits on the value of property a household may already own, so the scheme targets people who genuinely need help buying a first home. Exact thresholds are defined per round and can change between funding rounds. Because the criteria are detailed, it is worth checking your specific situation carefully before you apply.
What it covers
The loan is intended for buying a first home, and it can also cover renovation works on that home. In practice this means you can use the financing both to acquire the property and to bring it into good condition after purchase. Eligible loans run up to around €200,000, which sets the ceiling on how much can be borrowed under the favourable terms. Covering renovation as well as purchase is useful, because many affordable first homes need repairs or modernisation before they are comfortable to live in. This lets buyers plan the purchase and the works as one financed step rather than two separate problems.
The financial benefit
The core benefit is that the state covers part of the interest on the loan, so your monthly repayments are lower than on an ordinary mortgage. For families with three or more children the interest can be reduced to 0%, which is a substantial advantage over a long repayment period. Because a home loan typically runs for many years, even a partial interest subsidy adds up to meaningful savings over the full term. On a loan of up to around €200,000, the difference between subsidised and commercial interest can amount to a large sum across the life of the loan. The benefit comes as cheaper financing over time, not as a one-off payment.
How to apply
The process follows a clear sequence: first check whether you meet the age, income and asset criteria for the current round. If you qualify, you apply through a participating bank, which handles the loan itself alongside the state interest subsidy. The bank assesses your application and, once approved, the financing is arranged so you can proceed to purchase the home. After the purchase you can carry out the renovation works covered by the programme. Because applications are processed by the banks, it helps to prepare your income and property documents in advance to keep things moving.
How Domakihub helps once you own it
Domakihub does not arrange the loan, but we help with the part that comes after: getting the renovation done well. Once the home is yours, we coordinate the renovation works with vetted contractors, so the repairs and upgrades the programme allows are carried out reliably and to a clear standard. You describe what the home needs, and we match you with suitable professionals and help keep the project organised through to completion. This turns the renovation portion of your financing into finished, livable space without you having to manage every tradesperson yourself. Programme terms change from round to round, so we confirm what currently applies before you commit.
Domakihub handles it end-to-end
- 1
Free eligibility check for your property
- 2
We prepare the application + energy certificate
- 3
Vetted contractors do the work
- 4
We coordinate to completion & payout
Amounts, deadlines and steps change per program round — we confirm exactly what applies to you.
Official program: https://minscfa.gov.gr/programma-spiti-mou-ii/
Request Subsidy & renovation in Greece
Tell us about the job and we'll get back fast with a tailored quote.