Special needs loans are provided to disabled individuals who need to make changes to their housing or buy more expensive housing due to their special needs. Custodians can also apply on the basis of a disabled child’s special needs.
Property value (Fasteignamat) has to be under ISK 73 million.
The maximum loan amount is ISK 14,378 million in addition to the base loan.
Special needs loans can be taken in addition to a loan from HMS or another credit institution.
A special needs loan can not be taken over but has to be paid up when the property is sold. In special cases, the loan can be transferred with you to another property.
Service provider
Housing & Construction Authority