Youth Jeonse Deposit Return Guarantee Fee Refund Application Procedure

Introduction: Why Should You Pay Attention to the ‘Youth Jeonse Deposit Return Guarantee Fee Support’ Right Now?

If you are a young adult preparing for a jeonse lease or already living in a jeonse home, your heart likely sinks every time you see words like ‘jeonse fraud’ or ‘unreturned deposits’ on the news.
While we want to believe it will never happen to us, in times like these with growing risks of reverse jeonse crises and empty house hazards, a safety net to protect your deposit is more essential than ever. The ‘Jeonse Deposit Return Guarantee’, which you sign up for to safely protect your jeonse deposit, is reassuring, but the guarantee fee that must be paid every year can sometimes feel like a subtle burden.
Did you know, however, that the government and local authorities are running a support program that ‘fully’ refunds this guarantee fee paid by young adults?
In this post, we will clearly and easily break down everything from the application qualifications to the specific procedures for the ‘Youth Jeonse Deposit Return Guarantee Fee Support Program’, allowing you to lighten your guarantee fee burden while securely protecting your deposit. Be sure to read until the end and claim this benefit that you won’t want to miss!
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Support Targets and Eligibility Requirements (Who is Eligible?)

“Am I really eligible to receive this support fund?” This is probably what you are most curious about.
As the eligibility doors for the Youth Jeonse Deposit Return Guarantee Fee Support Program have widened, more people than you might think are included. Check below to see if you meet all 4 core requirements!

1. Age and Address Criteria (Youth Standard)

Age Requirement:
Young adults aged 19 or older and 39 or younger as of the application date
(※ Please be sure to check your local government announcement, as there may occasionally be minor differences in age criteria depending on local ordinances or detailed project notices!)
Tistory
+ 1
Residence Requirement:
Homeless individuals currently residing in the respective local government jurisdiction (city/county/district) according to their resident registration copy
Seoul Housing Portal – Seoul City

1. Income Criteria

Seoul Housing Portal – Seoul City
Single youth household: Annual income of 50 million won or less
Seoul Housing Portal – Seoul City
(Note) If you are newlywed or a general household other than a youth, different standard incomes apply (such as 75 million won or less for newlyweds), but for youth households, just remember 50 million won or less per year!
Yongin City Hall

1. Housing and Jeonse Deposit Criteria

Seoul Housing Portal – Seoul City
Housing Type:
Residential housing (apartments, multi-family houses, villas, residential officetels, etc.)
Seoul Housing Portal – Seoul City
Deposit Limit:
Jeonse deposit of 300 million won or less
Seoul Housing Portal – Seoul City
Maintaining Homeless Status:
You must be in a homeless state where neither you nor your spouse owns a home. (Be careful, as holders of subscription rights or occupancy rights may also be considered homeowners and excluded!)
Seoul Housing Portal – Seoul City

1. Guarantee Subscription and Payment Completion Status

You must be enrolled in a jeonse deposit return guarantee whose guarantee validity is active as of the application date.
Guri City Hall
Eligible Institutions for Enrollment:
HUG
(Korea Housing & Urban Guarantee Corporation)
Guri City Hall
HF
(Korea Housing Finance Corporation)
Gimcheon City Hall
SGI
(Seoul Guarantee Insurance)
Gimcheon City Hall
You can apply for a refund only after signing up with one of the top 3 guarantee institutions above and completely finishing the payment of the guarantee fee.
⚠️ Wait! You are excluded from support in these cases:
Tenants residing in rental housing operated by a registered rental business entity
Cases where the tenant is a corporation, such as company accommodation
Foreigners and overseas Koreans who do not reside domestically
If you meet all of the above conditions, you are fully qualified to get your paid guarantee fee back! In the next section, we will take a detailed look at the benefit amount to see how much you can actually get back.

Support Details and Benefit Amounts

Once you have checked all the eligibility requirements, it is time to look at the benefit amount you are most looking forward to: ‘how much can you get back?’

1. Benefit Core Summary: ‘Full’ Refund of Actually Paid Guarantee Fee

The biggest appeal of the Youth Jeonse Deposit Return Guarantee Fee Support Program is that you receive the entire actual amount of the guarantee fee you paid back in full within the maximum limit.
For those who found the guarantee fee they paid out of pocket to be a burden, this is a reliable benefit no different from actual cash back.

1. Maximum Support Limit Amount

Maximum Support Amount: Up to 300,000 won
If the total guarantee fee for the youth jeonse deposit return guarantee you signed up for is 250,000 won, you will get the full 250,000 won back.
Conversely, if your guarantee fee was assessed and paid at 350,000 won, you can receive support up to the upper limit of 300,000 won. (Amounts exceeding this are borne by the applicant)

1. Precautions for Overlapping Benefits with Other Local Governments and Central Government Programs

Although this program is co-supported by local governments and the government for youth housing stability, overlapping support with similar housing-related guarantee fee support programs (e.g., cases where the full guarantee fee has already been supported under a different name in the past) may be restricted.
However, since the scope of support is expanding to provide robust protection for the youth generation in accordance with government policies for this year, we recommend checking through the detailed announcement of your local government to see if overlapping benefits with other programs are available.
💡 Good-to-know Tips
The guarantee fee is calculated differently for each individual depending on the guarantee institution (HUG, HF, SGI), housing price, and deposit amount.
You can easily check the exact guarantee fee payment amount you paid through the ‘Guarantee Fee Payment Proof Document (Payment Receipt)’ issued on the website or app of each guarantee institution.
Isn’t it really rewarding that you can get the entire guarantee fee (up to 300,000 won) refunded? If so, we will guide you in detail step-by-step in the next sequence on what documents you actually need to prepare and how to apply to receive this benefit.

Application Method and Procedure (Step-by-Step Guide)

If you have met the eligibility requirements and checked the support benefits, it is now time to proceed with the application to actually get your money back. It is not as complicated as you might think, so follow the step-by-step guide below and prepare step by step!
STEP 1. Prepare Essential Required Documents
Before starting your application, preparing the following documents in advance as digital files (PDF or images) or paper documents will make the process much smoother.

1. Jeonse Deposit Return Guarantee Subscription Certificate (Issued by HUG, HF, SGI)
2. Guarantee Fee Payment Receipt (or payment proof document)
3. Lease Agreement (containing the fixed date stamp)
4. Resident Registration Copy (including recent address change history)
5. Bankbook Copy in Your Name (account where support funds will be deposited)
6. Local Tax Itemized Taxation Certificate (for homeless verification, issued by the Administrative Welfare Center or Gov24)

STEP 2. Select Online/Offline Application Channels
Depending on the operating method of the local government in the region where you reside, the application method may vary slightly, but it is generally processed through one of the following two channels.
Online Application (Most Recommended)
Access the Government 24 (gov.kr) website or the youth portal/website operated by the competent local government (city/county/district)
Search for ‘Youth Jeonse Deposit Return Guarantee Fee Support’ and use the quick application menu
Offline Visit Application
If using online services is inconvenient, visit the Administrative Welfare Center (community center) with jurisdiction over your resident registration address in person
Submit the required documents at the dedicated youth support department window
STEP 3. Evaluation and Support Fund Disbursement Required Period
Document Review: Once the application is submitted, the competent local government reviews eligibility requirements (age, income, homelessness status, validity of guarantee subscription, etc.).
Disbursement Timing: Although it varies depending on the budget execution situation of each local government and the number of applications, the review is typically completed within a few weeks after application, and upon final approval, the full guarantee fee (up to 300,000 won) is deposited into the account in your name specified in the application form.
💡 Useful Tips to Remember When Applying
In the case of local government programs with limited budgets, applications may close early when the annual budget is exhausted. Therefore, if you meet the eligibility requirements, it is safest to apply as quickly as possible when the announcement is released.
If you gather all the documents without missing any, you can finish your application without difficulty. Lastly, we will organize the precautions to keep in mind when applying and FAQs to resolve any questions you may have.

Precautions & Tips to Keep in Mind When Applying

Since the Youth Jeonse Deposit Return Guarantee Fee Support Program offers clear benefits, there are points in the application process or conditions that are easy to miss. To ensure you don’t make a wasted trip or regrettably miss out on support, we will thoroughly organize key precautions and practical tips!

1. Watch out for ‘First-Come, First-Served’ Closures in Budget-Exhaustion Programs

Since this program is often operated with local government budgets, it may close early once the budget allocated for the year is completely exhausted.
If you meet the eligibility requirements and are enrolled in the return guarantee, applying as quickly as possible when the announcement is released without procrastinating is the most surefire method.

1. Maintain Guarantee Enrollment Status Upon Lease Renewal or Moving

The fundamental prerequisite for applying for the support fund is that ‘the guarantee validity must be active as of the application date’.
If your lease term has been renewed or there are changes to your guarantee contract midway due to moving, you must check in advance whether the validity of your currently enrolled return guarantee is being normally maintained.

1. Frequently Asked Questions (FAQ)

Q. Can I receive support again if I have already received guarantee fee support in the past?
In principle, overlapping support for the same housing or the same contract is not permitted. However, if you renewed with a new contract and newly paid the guarantee fee, re-application may be possible depending on local government guidelines, so it is most accurate to inquire with your competent local government.
Q. Can monthly rent contracts also receive support?
Yes! Not only jeonse but also deposit-backed monthly rent (jeonse deposit return guarantee for monthly rent) contracts eligible for return guarantee enrollment are included in the support targets. However, you must satisfy all detailed requirements such as deposit and income.
💡 Final Summary Tips

1. Issue your guarantee fee payment receipt in advance
2. Be sure to check the announcement notices on Government 24 or the competent local government youth portal
3. Submit your application quickly before the budget is exhausted

The Youth Jeonse Deposit Return Guarantee Fee Support Program lets you protect your precious jeonse deposit while nicely getting your guarantee fee refunded in full! If you meet the conditions, please make sure not to miss this opportunity and claim your benefits.

Conclusion

Today, we explored the ‘Youth Jeonse Deposit Return Guarantee Fee Support Program’, a reliable safety net that protects our precious deposits from jeonse fraud worries.
Amidst soaring prices and housing cost burdens, the fact that we can get up to 300,000 won—the full amount of the guarantee fee we paid—refunded is truly a welcome benefit. As this is a practical subsidy that young adults who meet the eligibility requirements should definitely not miss out on, we hope you will prepare step-by-step based on today’s content and successfully get your refund.
Since it may close early depending on the budget situation of each local government, we recommend checking the relevant documents right now!
We hope today’s post was a small help to your lightened wallet, and we will return next time with more useful and informative housing and lifestyle policy information. Thank you!
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