The Ministry of Land, Infrastructure and Transport (MOLIT) said its policy to provide special mortgages to winners of the presale for the Goyang Changneung S3 block remains unchanged, moving to quell a recent controversy over "reduced benefits."
The ministry made the statement Friday in response to reports that content related to the special mortgage had been omitted from the tenant recruitment notice for the Goyang Changneung S3 block.
Earlier, concerns were raised that the special mortgage content originally provided at the time of presale had been deleted from the tenant recruitment notice for the Goyang Changneung S3 block, and that interim payment group loans remained undetermined, potentially increasing the burden on presale applicants.
In response, the ministry explained that, regarding the balance loan that must be paid upon move-in, it plans to provide presale winners with a special mortgage from the Housing and Urban Fund of up to 500 million won without interruption, as originally promised, regardless of the income criteria or housing price requirements of the Didimdol loan. The applicable loan conditions are a loan-to-value (LTV) ratio of 80% and exemption from the debt service ratio (DSR).
However, the ministry added that detailed loan conditions such as interest rates and maturity will apply the Didimdol loan requirements in effect at the time of the loan application, taking into account changes in market conditions.
Regarding the interim payment loan provided to winners of sale housing complexes, the ministry said that since May 2027 is the first interim payment period for the Goyang Changneung S3 block, it plans to pursue an interim payment group loan agreement during the first quarter of 2027. It will inform contract holders as soon as the agreement is concluded.
The ministry explained that since the Korea Land and Housing Corporation (LH) typically concludes interim payment group loan agreements with commercial banks three to four months before the interim payment period arrives, this matter will proceed following the same procedure.
The ministry said it plans to reflect these details in future tenant recruitment notices for Nu:home sharing-type and choice-type sale housing.
