Purchasing your dream home can now be not only real, but also fast and pleasant.

Thanks to Private Mortgage Insurance, you can now buy an apartment by paying just 10% upfront, while the remaining required portion—10% for primary market or 20% for secondary market can be insured by SIL Insurance.

📌 How does it work?

Let’s say you want to buy an apartment worth 10 million AMD:
Previously, you would need to pay 30% upfront (3 million AMD) to qualify for a mortgage.
Now, with just a 10% down payment (1 million AMD) and insurance coverage for the missing 20%,
you can get a mortgage loan for up to 90% of the property value.

🔍 What does the insurance cover?

• The insured amount covers the portion of the down payment required by the bank that you can’t afford yourself.
• If you don’t have the full required down payment, the insurance compensates up to the missing 20%, serving as a financial guarantee to the bank.

💡 Why is Private Mortgage Insurance a smart choice?

• Income tax refund – According to Armenian tax law, your mortgage interest is refunded as part of your income tax return.
• You only pay the loan principal, and the mortgage interest is effectively reimbursed by the state.
• Even if you already have the full payment, you can invest that money in a bank deposit and earn extra income from the interest.