Real estate loan and wage portage | How to obtain it?

How to obtain a real estate loan in wage portage?

Do you want to know how to obtain a real estate loan in wage portage? Indeed, access to bank loans for independent workers proves to be very difficult due to the irregularity of their income. However, a freelancer in wage portage can indeed obtain a real estate credit thanks to their status as a wage ported employee. That’s why, at Weepo, we have gathered all the tips to secure a real estate loan in wage portage: from the conditions for obtaining the loan to our expert advice, including the advantages of wage portage in accessing the loan.

Present the advantages of wage portage

Banks are often reluctant to grant a real estate credit to independent workers. They require a minimum of three years of experience, proof of regular income, and the presentation of 3 positive financial statements. If you are an independent in wage portage, you will need to leverage the advantages of this status to increase your chances of obtaining a real estate loan. To do this, present the principle of the tripartite relationship and specify your employee status with the umbrella company. Discuss the different guarantees offered by this status, namely:

• A monthly salary;
• Pay slips;
• Complete social protection;
• A retirement and provident scheme;
• Professional liability insurance.

💡Good to know: wage portage is often adopted by experienced consultants or managerial profiles less impacted by the economic crisis, which proves to be a reliable indicator of stability for banks.

Meet the eligibility conditions for a loan in wage portage

To be eligible for a real estate loan in wage portage, the following 3 conditions must be met:

1. Wait for the end of your probation period: it is advisable to wait until the end of your probation period or at least 6 months to facilitate obtaining a real estate loan.
2. Have a contribution of 15%: it is advisable to have a contribution of 15% of the sale price of your property.
3. Present stable salaries: you must present 3 pay slips with equal amounts, without variable lines.

💡Good to know: at Weepo, we offer you a smoothing of your salary. Try our salary smoothing simulator to learn more!

Present a solid file

To further increase your chances of securing a real estate loan, you must present a solid file to the banks. To do this, you need to provide proof of your professional stability through your income level and the regularity of it. You can show your rigor in managing your professional and personal bank accounts as well as your ability to save. To support your file, you can attach an annual remuneration summary from your umbrella company.

Obtain a CDI in wage portage

To convince banks of the stability of your status as a wage ported employee, prioritize the signature of a permanent employment contract (CDI) with your umbrella company. The CDI is indeed an excellent indicator of financial stability as well as proof of a regular source of income. However, to hope to secure a loan, you must justify recurring missions or long durations.

💡Good to know: according to recent figures, nearly 80% of employees on CDI have succeeded in obtaining a real estate loan compared to only 2% of CDD.

Optimize your net salary

A high salary level constitutes an excellent proof of your financial solidity with banks. It demonstrates your ability to repay the loan. Therefore, think about optimizing your net salary by deducting your professional expenses (fixed and/or variable charges). Exempt from taxes and social contributions, these charges allow you to optimize your taxation and increase your net salary. To do this, you can benefit from the help of your umbrella company. At Weepo, for example, we offer you a wage portage simulator with zero hidden fees to calculate your professional expenses and optimize your net salary.

Settle all your debts

Before presenting your loan application file to your bank, make sure you have settled all your previous debts and are not in a debtor position. Keep in mind that the credit must be less than a third of the average income of the freelancer. To avoid any refusal from the banker, we advise you to first settle all your debts from the last three years. This way, you demonstrate your financial solidity, which is a further guarantee in the eyes of banks.

Consult a mortgage broker

You may consider turning to a mortgage broker to gain more credibility in the eyes of banks. The broker can leverage their extensive real estate network to select the banks with the best rates and help you effectively present your borrower file. In addition to increasing your chances of obtaining the loan, the broker saves you a lot of time and spares you from a large number of tedious procedures.

💡Good to know: according to an OpinionWay survey, nearly 38% of French people reported having sought the services of a broker for their real estate purchase in recent years.

The essentials of the article summarized in 7 points

You now know all the conditions and advice for obtaining a real estate loan in wage portage. Here’s a quick recap:

1. You must leverage the advantages of your status as a wage ported employee: your monthly salary, your social protection…
2. You must present stable salaries, wait for the end of your probation period, or have a minimum contribution of 15%.
3. You must present a solid file to your bank by justifying regular income and your ability to save.
4. You will need to prioritize a CDI contract with your umbrella company to prove your financial stability.
5. You can seek the help of your umbrella company to deduct your professional expenses and optimize your net salary.
6. You must have settled all your debts from the last three years.
7. You can consider going through a mortgage broker to support your credibility and find a loan at the best rate.

To learn more, check out our guide on how to maximize your income in wage portage: https://weepo.fr/blog/maximisez-vos-revenus-grace-au-portage-salarial-astuces-pratiques.