Households looking to reduce their housing cost burden after childbirth or adoption should carefully review the eligibility and limits of the '2026 Newborn Special Loan.' This policy loan product supports housing stability for households that have given birth to or adopted a child within the past two years as of the loan application date, and applies to children born on or after January 1, 2023. Those meeting certain income and asset requirements can receive a special interest rate starting in the 1% annual range.

Depending on the purpose, the loan is divided into the 'Newborn Special Jettidom Loan' for housing purchase funds and the 'Newborn Special Buteomok Jeonse Loan' for jeonse deposit funds. The main conditions of each loan are as follows.

• *■ Newborn Special Jettidom Loan (Housing Purchase)**
• Eligibility: Households without a home who are purchasing a home (however, for refinancing existing mortgage loans, single-home owners may also apply)
• Income Requirement: Combined annual income of spouses of 130 million won or less. However, for dual-income couples, the combined income must be 200 million won or less, and neither spouse's individual annual income may exceed 130 million won.
• Asset Requirement: Combined net asset value of spouses of 511 million won or less (based on 2026 standards)
• Eligible Housing: Priced at 900 million won or less, with an exclusive area of 85㎡ or less. (In non-metropolitan town and rural areas, an exclusive area of up to 100㎡ is permitted.)
• Loan Limit and LTV: Up to 400 million won. The Loan-to-Value (LTV) ratio is generally within 70%, but first-time homebuyers may qualify for up to 80%. (However, in metropolitan or regulated areas, an LTV of 70% applies even for first-time buyers.)
• Interest Rate Conditions: As of July 29, 2026, 1.8~4.5% per annum (fixed rate). The special interest rate applies for the first five years. If additional children are born during the loan period, the special rate is extended by five years per child, up to a maximum of 15 years.

• *■ Newborn Special Buteomok Jeonse Loan (Jeonse Funds)**
• Eligibility: Household head without a home who has given birth or adopted within two years as of the loan application date
• Income Requirement: Combined annual income of spouses of 130 million won or less. (For dual-income couples, a combined income of 200 million won or less, with neither spouse's individual annual income exceeding 130 million won.)
• Asset Requirement: Combined net asset value of spouses of 345 million won or less
• Eligible Housing: Housing or residential officetel with an exclusive area of 85㎡ or less. (In non-metropolitan town and rural areas, up to 100㎡ is permitted.)
• Jeonse Deposit Standard: 500 million won or less in the metropolitan area including Seoul, Gyeonggi, and Incheon; 400 million won or less in non-metropolitan areas
• Loan Limit: Up to 240 million won within 80% of the jeonse deposit. When refinancing an existing jeonse loan, the new loan generally cannot exceed the existing loan balance.
• Interest Rate Conditions: As of July 29, 2026, 1.3~4.3% per annum (variable rate). The special interest rate applies for the first four years. For each additional child born, the special rate period is extended by four years, up to a maximum of 12 years.

■ Refinancing Existing Loans and Application Method Households already using mortgage or jeonse loans may also consider refinancing if they meet the conditions. The income requirement for the Newborn Special Jettidom refinancing loan is a combined annual spousal income of 130 million won or less, regardless of whether both spouses work. The new loan amount cannot exceed the existing balance, but if it is within three months from the date of filing for ownership transfer registration, an exception allows applicants to borrow beyond the existing balance.

The Buteomok Jeonse Loan can also be refinanced, and applicants should carefully review the relevant conditions, particularly if they are using a bank jeonse loan backed by a guarantee from HUG, HF, or SGI.

Applications are submitted online through the 'Geum-e Deundeun' website or by visiting a fund-designated bank. After a review of eligibility, assets, income, and the target property, the final loan is executed upon passing the bank's internal screening.

※ Important Notes Those who are pregnant cannot apply in advance. Eligibility is strictly based on actual childbirth or adoption, so fetuses are not included in the birth requirement.

The Newborn Special Loan is a useful policy finance tool that reduces the housing burden, but the actual applied interest rate and limits vary depending on the applicant's income, assets, target property, and existing loan status. Detailed conditions such as interest rates and asset criteria may be adjusted in accordance with policy changes, so it is essential to check the latest standards immediately before applying.

[Loan eligibility, interest rates, limits, preferential conditions, and other terms may vary depending on government policies and financial institution screening results. Please be sure to verify the latest standards through the Housing and Urban Fund and handling financial institutions before applying. This article was written with AI assistance.]