Housing Finance Usage at 36.4%...90% Satisfaction with Bogeumjari Loan
Korea Housing Finance Corporation (President Kim Kyunghwan) announced on the 26th the results of the "2025 Housing Finance and Bogeumjari Loan Survey," conducted jointly with a professional research agency to identify the public's actual use of and demand for housing finance.
This survey comprehensively analyzed consumer perceptions and needs, including the actual status of housing finance use, intentions to purchase housing, intentions to use housing finance, and the actual status of Bogeumjari Loan usage.
The survey found that 36.4% of ordinary households are using housing finance products, with the usage rate of mortgage loans being the highest at 22.9%. By region, usage rates were higher in Gyeonggi Province (42.0%) and metropolitan cities (40.1%). By age group, those in their 40s showed the highest rate at 51.9%, followed by those aged 39 and under (43.8%) and those in their 50s (40.3%).
Among ordinary households, 29.8% responded that they intend to purchase a home in the future. In particular, 55.5% of households without a home (1,885 households) answered that they have plans to purchase one. By region, Seoul recorded the highest intention to purchase at 32.7%, followed by Gyeonggi Province at 31.4%, metropolitan cities at 29.4%, and other regions at 27.1%. By age of household head, the figures were 58.2% for those aged 39 and under, 44.9% for those in their 40s, 23.4% for those in their 50s, and 9.8% for those aged 60 and over.
The average preferred home price among households intending to purchase housing was 462.1 million won. The share of those preferring a price range of 300 million won or more but less than 600 million won was the highest at 46.3%, followed by 25.7% preferring 600 million won or more.
In addition, 85.1% preferred apartments, and new subscription for pre-sale units was the most favored purchase method at 56.3%. The share of households intending to purchase existing apartments was 34.9%, down 8.2 percentage points from the previous year (43.1%). The younger the age group, the stronger the preference for new subscription, while the older the age group, the stronger the intention to purchase existing apartments.
Among households wishing to use mortgage loans, the preference for fixed interest rates was 53.8%, up 2.9 percentage points from the previous year (50.9%). The main reasons cited were the possibility of maintaining a low rate even during a period of rising interest rates (25.5%), and the ability to keep principal-and-interest repayment amounts stable (23.0%). Preference for variable interest rates was 16.3%, up 3.7 percentage points from the previous year, while preference for mixed rates was 29.9%, down 6.6 percentage points. This is analyzed as reflecting growing uncertainty about future interest rate movements.
Changes in choices depending on rate differentials were also observed. When the fixed rate was 0.5 percentage points higher than the variable rate, 93.1% of households that preferred variable rates said they would switch to fixed rates. However, when the rate differential was 1.0 percentage point, the share saying they would switch to fixed rates was 67.3%, down 10.3 percentage points from the previous year (77.6%).
Meanwhile, overall satisfaction with the corporation's mortgage products, including the Bogeumjari Loan, was found to be 90%. In particular, users of the "Ahkime Bogeumjari Loan" cited as major satisfaction factors their trust in products offered by a public institution (50.1%), the fact that their interest burden does not increase even when rates rise (49.1%), and the ability to repay the principal in equal installments (41.8%).
In addition, 9 out of 10 households using the Bogeumjari Loan for the first time in their lives responded that it provided substantial help in purchasing their own home, indicating that the perceived effectiveness of this policy finance is high.
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