Preferential Mortgage Rates Now Extended to Families with Two Children 

- Eligibility eased from households with three children to those with two in response to Korea’s low birth rates

- Preferential rate discount for newlyweds increased by 0.1%p

- Income eligibility limits raised by KRW 10M for households with one or two children

- Small business owners, non-metropolitan home buyers, and those acquiring homes through inheritance or gift now eligible for household stabilization support

Families with two or more children will now be eligible for preferential interest rates on the Bogeumjari Loan. Additionally, the combined household income eligibility requirements will be relaxed for households with one or two children applying for the loan. Small business owners, individuals buying properties in non-metropolitan areas, and those acquiring housing through inheritance or gift will also become eligible to apply for household stabilization support.

Korea Housing Finance Corporation (HF, CEO Kim Kyung-Hwan) announced on March 24, 2025, that starting April 1, it will ease the Bogeumjari Loan eligibility requirements to help tackle low birth rates and provide greater support for small business owners and individuals buying properties in non-metropolitan areas.

the preferential rate discount for newlywed households will increase from 0.2%p to 0.3%p, and a new 0.5%p preferential discount will be introduced for families with two children.

Additionally, the income eligibility requirements for households with one or two children have been relaxed by KRW 10 million each, lowering the loan application barrier for genuine homebuyers.

Additionally, to support vulnerable groups, the Bogeumjari Loan can now be used for household stabilization funds* for ▲ small business owners, ▲ homeowners of properties outside the Seoul metropolitan area, and ▲ individuals acquiring homes through inheritance or gift.

* From March 2020, the Bogeumjari Loan was restricted from being used for household stabilization purposes other than rental deposit refunds.

To further ease financial burdens, the early repayment fee for loans repaid within three years of issuance will be reduced by 0.2%p, from 0.7% to 0.5%.

HF CEO Kim stated, “As the Bogeumjari Loan is a flagship policy mortgage product, HF will continue to join national efforts to address demographic challenges and alleviate consumers’ financial burdens.”

* Reference : 

1. Key Changes to the Bogeumjari Loan2. Key Eligibility Requirements for the Bogeumjari Loan 

2. Key Eligibility Requirements for the Bogeumjari Loan