What is ASP in Finland?
First-home ASP saving and loan scheme — account, benefits, and who it is for.
ASP (asuntosäästöpolku / asuntosäästöpalkkio) is Finland’s state-supported path for buying your first home. You sign an ASP agreement with a bank, save on an ASP account (ASP-tili), then negotiate an ASP loan (vastaantulolaina) when the rules are met.
ASP is for first-home buyers. You generally must not have previously bought 50% or more of a home for consideration. Homes received free (gift or inheritance) do not usually block eligibility — confirm your case with the bank and Valtiokonttori.
Think of two steps: the ASP account is where you save; the ASP loan is what you negotiate after enough deposits and own funds. Separate guides cover how to open an ASP account and how to get an ASP loan.
With ASP you typically need at least a 10% own-savings share of the purchase price. A regular first-home loan may allow about 5% own funds — so ASP is a trade-off between a higher cash share and scheme benefits.
Benefits can include tax-free deposit interest, bonus interest (lisäkorko) when you buy, a lower ASP loan rate than the bank’s other first-home loans, state interest subsidy (korkotuki) for up to ten years, and a free state guarantee — always check current terms after the June 2026 reform.
ASP is meant for a home you will live in, not a shortcut to buy-to-let. Investment purchases follow different financing logic.
Next, read how to open an ASP account and how to get an ASP loan, then return to the financing pillar and “how much money” guide before you lock a timeline.
What Real Estate Experts Say
“ASP, the home saving path, is a system for people planning to buy their first home — it aims to make that purchase easier and to encourage goal-oriented saving.”
Valtiokonttori, Valtiokonttori“When you buy your first home with a regular housing loan, you typically need savings of only 5% of the purchase price. When changing homes or buying with an ASP loan, the savings requirement is 10%.”
Danske Bank, Danske Bank