{
  "id": 15842361,
  "title": "My son is going to buy his first home. Can he apply for an ICO loan to reduce debt?",
  "url": "https://urgent.news/2026/10/21/mi-hijo-va-a-comprar-su-primera-vivienda-puede-solicitar-un-prestamo",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-21T03:30:00.000Z",
  "source": {
    "name": "El Pais Economia",
    "slug": "el-pais-economia",
    "url": "https://elpais.com/economia/vivienda/consultorio/2026-10-21/mi-hijo-va-a-comprar-su-primera-vivienda-puede-solicitar-un-prestamo-ico-para-reducir-deuda.html"
  },
  "original_language": "es",
  "account": "A person has written to inquire about obtaining an ICO loan to reduce a mortgage of 160,000 euros for their child's purchase of a 300,000-euro home. The ICO's guarantee program for first-time homebuyers does not provide direct financing but offers a public guarantee to facilitate obtaining a mortgage for up to 100% of the home's value. In this case, since the mortgage only covers 53.3% of the home's price, the ICO guarantee would not provide a practical advantage. To access these guarantees, the buyer must be under 35, have a family with dependents, or meet certain income and asset limits, and apply through a participating bank.",
  "summary": "Los lectores envían sus preguntas al consultorio de vivienda de EL PAÍS en colaboración con Legálitas",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}