What is a Financing Certificate?
What the OHYP confirmation says and which checks still follow.
Definition: Financing Certificate
A financing certificate records a broker's or bank's assessment of a property purchase. At OHYP, an advisor reviews your details and can then issue a confirmation for the specific property.
The OHYP certificate is non-binding. The online request does not trigger a SCHUFA inquiry and does not replace a final credit assessment. A bank later reviews your creditworthiness and the property documents before deciding on a loan.
Why do you need a financing certificate?
Sellers and agents want to know whether a buyer has prepared the financing. A certificate can show that you have discussed your details with a financing advisor. The seller still decides whether to accept your offer.
A possible process before a viewing:
- •You find a property and know the purchase price.
- •You discuss your details and open questions with OHYP.
- •After a positive review, you can take the certificate to your conversation with the agent or seller.
What does a financing certificate contain?
The content depends on your plans and the review. It covers in particular:
Property and purchase price
The property covered by the assessment
Financing requirements
Details of the planned financing
Personal review
OHYP's assessment based on your details
Date and conditions
Issue date and conditions of the confirmation
Certificate and loan commitment
The contents of the document matter. An OHYP certificate prepares the financing; a binding loan commitment requires a separate decision by a bank.
| Criteria | OHYP certificate | Bank loan commitment |
|---|---|---|
| Credit check | OHYP review based on your details | Separate assessment by the bank |
| Commitment | Non-binding | Under the bank's conditions |
| Processing time | After personal review | Depends on the bank and documents |
| Purpose | Preparing the property purchase | Deciding on the loan |
Who issues financing certificates?
Financing certificates can be issued by various institutions:
Financing brokers such as OHYP
After the personal review, OHYP GmbH can issue the professional financing certificate and support the next financing steps.
Your house bank
You can also ask your bank for a confirmation. Its scope, requirements and processing time depend on the bank.
For whom is a financing certificate useful?
A financing certificate is particularly important for:
First-time buyers
Who have no experience with property purchases and need to prove their credibility
Buyers in sought-after locations
Where there are many interested parties and sellers can be selective
Quick decision makers
Who want to be able to act immediately when dream properties appear
Self-employed
Whose creditworthiness is often viewed skeptically and who need to clearly document their financing capability
Apply for your financing certificate now
Request your certificate for free. An OHYP advisor reviews your details and discusses any documents still needed with you.