KHFC will launch the Prime Rate Bogeumjari Loans to a larger pool tomorrow

- Launched after completing IT development as a part of the Housing Transaction Promotion Measures announced on May 10 -

The Korea Housing Finance Corporation (KHFC, CEO Seo Jong-dae) announced on May 22 that it significantly improved the eligibility for the Prime Rate II Bogeumjari Loan and would begin receiving applications via its website (www.hf.go.kr) on May 23.

KHFC changed the income ceiling, house price ceiling, and credit limit of the Prime Rate II Bogeumjari Loan effective May 23. The ceiling for the combined annual income of a couple was raised from KRW 25 million ~ 45 million to KRW 25 million to 50 million. The house price ceiling was significantly increased from up to KRW 300 million to up to KRW 600 million. The credit limit was raised from KRW 100 million to KRW 200 million.

An official at KHFC said, "The recent change is a part of government measures announced on May 10 to promote housing transactions. It is going into effect after KHFC completed developing required IT systems." He added, "Since the price range for houses eligible for the Prime Rate II Bogeumjari Loan and its credit limit have been doubled, consumers now have a much wider range of financing options for buying a house appropriate to their income level."