Are you a firefighter and want to take out a mortgage? Your status allows you to obtain certain benefits from banks.
If firefighters are regularly exposed to risk, effective solutions have been put in place to support them in their real estate projects. What are the specificities of real estate credit for firefighters? What to do in case of refusal of mortgage? All the explanations.
Mutuals dedicated to firefighters
Because of the risk you incur as a firefighter, the bank is generally poor to offer you adequate guarantees. In the best case, the institution can agree to insure you in return for higher rates for basic guarantees such as death and the total and irreversible loss of autonomy (PTIA).
To guarantee your credit at a lower cost, you can turn to mutuals specializing in risky trades. Indeed, the Lagarde law came into effect in 2010 allows you to choose yourself the company that will insure your mortgage. These specialized insurers, often cheaper, offer formulas adapted to your needs and protect you while you practice a profession at risk.
The use of complementary loans
Firefighters have access to assisted loans such as the Social Accession Loan (PAS). To benefit, your resources must be below a certain ceiling that depends on your family responsibilities and your place of residence. The SIP can be supplemented by a Zero Rate Loan (PTZ), an Action Housing Loan or a bridge loan pending the sale of the previous home. It can not, however, be subscribed with a conventional mortgage.
Firefighter: what to do in case of refusal of mortgage?
The obtaining of a mortgage is conditioned to the subscription of a borrower insurance. This insurance is intended to protect the bank in the event of default by the subscriber. Before making an offer of firefighter loan insurance, the insurance company analyzes its profile. If she feels that the risks are too great, she can refuse to take charge. In case of refusal of insurance related to the exercise of a risky profession, it is possible to make use of the delegation of insurance. This is to opt for a different insurance from that offered by the lender. To purchase external loan insurance, however, it must include guarantees at least equivalent to group insurance.
Another solution is to use a mortgage insurance broker. The broker has a large network of partners with whom he can negotiate insurance conditions. In any case, you have nothing to lose passing through it.
To get an idea of the mortgage offers on the market, do not hesitate to use an online comparator.