Social Accession Loan (SAP)
Verified 05 October 2020 - Directorate for Legal and Administrative Information (Prime Minister)
The Social Accession Loan (SAP) is a mortgage for low-income individuals. It must be used to acquire ownership of the principal residence (by purchasing it or having it built) or to carry out work (for example, disability adjustment work). Eligibility requires income requirements, which vary according to the location of the dwelling and the number of occupants. The interest rate on the SAP is capped.
The loan may be used in particular to finance the following operations:
- Purchase of land and construction of housing on land
- Purchase of new housing
- Purchase of old housing and improvements if necessary
- Work in an existing dwelling to save energy, to enlarge it (by extension or by elevation) or to transform into a dwelling a space that was not intended for the dwelling. The amount of work must be at least €4,000.
where the loan finances works, these must be completed within the repayment period of the loan. It is possible to request an extension of time for work in certain situations.
The dwelling must become the borrower's principal residence no later than 1 year after completion of the works or purchase.
This period may be extended to a maximum of 6 years if the following 2 conditions are met:
- The dwelling will be occupied by the borrower from the date of retirement
- The accommodation is rented until this date in compliance with specific rules
For a dwelling to be considered a principal residence, it must be occupied at least 8 months per year.
The following exceptions are allowed:
- Cases of force majeure
- Reason for health
- Obligation related to your professional activity (regular trips, official accommodation, ...)
- Leasing in accordance with the conditions laid down
Your resources must not exceed a maximum amount, which depends on the location of your dwelling (zone A, A bis, B1, B2 or C) and the number of people living in the dwelling.
The amount of income to be taken into account corresponds to the total of the reference tax income of the borrower and other persons who will live in the dwelling (where not related to the borrower for tax purposes).
The tax revenues to be taken into account are those of year N-2 (for a loan application in 2020, these are the 2018 reference tax revenues, recorded on the 2019 tax notice).
Where to ask for the PAS?
You can obtain a SIP from a credit institution (e.g. a bank) that has an agreement with the government.
It may be useful to compare the offer of PAS offered by different banks, as the proposed interest rate may vary within the limit of the authorized ceiling. This comparison is performed using the APRC.
It is possible to obtain a loan:
- to fixed interest rate
- or to variable interest rate
- or with adjustable interest rates (fixed rate and floating rate).
The interest rate may not exceed one maximum rate (ceiling rate). Within this limit, the interest rate you are offered depends in particular on the duration of the loan and the organization offering you the loan. Therefore, it is useful to compare offers from several organizations, using the APRC.
The SAP can be refunded over a period of 5 to 30 years.
The loan agreement may provide for the possibility of changing that period for
- extend it to a maximum of 35 years, or
- or reduce it.
Benefits of SAP
The PAS must be secured by a security right (mortgage or equivalent), but this guarantee shall be exempt from property advertising charges.
There is a ceiling on the costs of investigating the case.
The notary's fees are reduced.
the loan signed after 1er january 2020 does not qualify for theAPL: titleContent.
The PAS can finance the entire real estate transaction.
However, it may not finance the following costs:
- Notaries' fees, i.e. transfer fees and notary fees
- Costs of investigating the case
- Possible costs of purchasing furniture to furnish the dwelling
The SAP may be supplemented in particular by the following loans or elements:
- Personal input
- Zero interest rate loan (PTZ)
- Zero-interest Eco-loan
- Home Savings Loan
- Fixed-rate loan less than or equal to a loan granted in addition to a home savings account
- Ready Housing action
- Loan top-up granted to French overseas returnees holding compensation
- Bridge Loan Pending Sale of Previous Home
a PAS cannot be supplemented by a "classic" mortgage.
- Construction and housing code: article D331-64Principles
- Construction and housing code: articles D331-65 to D331-70Conditions for granting
- Construction and housing code: Articles D331-71 to R331-76Features
- Construction and housing code: article L 31-10-6Conditions relating to the principal residence
- Construction and housing code: articles D31-10-6 and D31-10-7Derogatory conditions for leasing
- Order of 4 October 2001 on the conditions for granting agreed loans
- Decree No. 2005-69 of 31 January 2005 on the purchase or construction of dwellings for homeownership
- Order of 30 September 2014 on the classification of municipalities by zone applicable to certain housing subsidies
- Order of 30 September 2014 on loans granted
- Ministerial Response of 31 December 2019 on the mortgage loan of persons with disabilities
- Zero-interest Eco-loan (eco-PTZ)Service-Public.fr
- Agreed loanService-Public.fr
- Ceiling rates for the agreed loan and the social accession loan (PAS)Business for managing financing and guaranteeing social home ownership (SGFGAS)
- Mortgage: fixed or variable interest rate, APRFinance for All