Home / Rights & Programs / Community Mortgage — 600,000 ILS for Ethiopian-Israelis
Community Mortgage — 600,000 ILS for Ethiopian-Israelis in Dimona
Govt loan for Ethiopian-Israeli families: ₪600,000 over 25 years, 0% interest for the first 10, 2% for the next 15. Allocated by annual lottery (~200 families).
About Dimona
Dimona is known as one of Israel's cities with a high proportion of Israeli-Ethiopian community members relative to total population — a community that accounts for a significant part of the city's culture and educational networks. The real-estate market offers properties at accessible prices relative to apartment size.
Who is eligible?
Any household where at least one criterion holds:
- One of the spouses was born in Ethiopia
- One of the spouses' parents was born in Ethiopia
- The couple is defined as "Falash Mura" with confirmed aliyah
Loan terms
- Amount: ₪600,000
- Term: 25 years
- Rate: 0% for the first 10 years, 2% for the next 15
- Down payment: 5% of property value
- Registration: ₪70 at a participating bank branch (annual lottery)
How to apply
- Register at a participating bank branch (Leumi / Discount / Igud)
- Wait for annual lottery results (~200 winners)
- On winning, the bank sends approval to sign a purchase contract
- Submit documents: ID, income proof, absorption-program confirmation (if relevant)
Quick eligibility check — mortgage calculator.
Related rights
Direct Absorption — Falash Mura 2026 Pilot
2026 pilot — Falash Mura olim placed directly into housing rather than absorption centers. Rolling out in cities with established community support frameworks. First direct-absorption deployment for the community.
Tax Benefits for New Immigrants (5/10 years)
10-year income tax exemption on foreign income, enhanced tax credits for 5 years, customs exemption on personal effects. Applies to all olim — including Ethiopian-Israelis.
Klita Basket — Absorption Aid for New Immigrants
Monthly cash payment to new immigrants during the first year post-aliyah. Amount varies by family status and age.
Klita Basket for Ethiopian Olim — Complete Guide
Ethiopian olim and Falash Mura immigrants receive an extended klita basket: monthly stipend, adjustment grants, ulpan voucher, 6-month health coverage, and vocational training.
