As a new immigrant you are entitled to apply for an oleh mortgage if you are not a homeowner.
These loans are Shekel loans linked to the cost of living index and are offered at 4% and can be paid back at any point. The problem with these is the fact that you can currently get cheaper loans with the banks!
To qualify, the person or family must be:
Over 21 years of age
Temporary residents and tourists are not eligible for these mortgages
Qualification for this type of mortgage is calculated on a host of factors including but not limited to points basis, age, number of years married, siblings , children, and army service.
For more information about Olim Mortgages including your options and eligibility, please complete the form below and one of our specialists will get right back to you with more information regarding calculating your entitlement.