Quick Answer: Find general answers about residence status, purchase costs, SCHUFA, mortgage rates, and the application process. Lenders assess each case under their own rules; examples and estimates are not an offer or approval.
Many expats can apply for a German mortgage. Lenders assess residence status, income, employment, equity, existing commitments, the property, and their own underwriting rules. There is no universal minimum down payment or set of terms for every applicant.
German property ownership is generally not limited to German citizens, but property ownership and mortgage approval are separate matters. Lenders assess each mortgage application under their own rules and documentation requirements.
There is no single income threshold that applies to every lender. A lender typically reviews household income, regular expenditure, existing commitments, ownership costs, equity, and the property using its own affordability assessment.
The required equity depends on the property, purchase costs, loan-to-value assessment, borrower finances, and lender policy. Use a budget that accounts for purchase costs and a reserve; a calculator provides an estimate, not a lender decision.
Kaufnebenkosten can include property transfer tax, notary and land-registry fees, and, where applicable, an agent commission. Tax rates and transaction costs depend on location and contract details; check current figures for the property being purchased.
Yes. As an independent mortgage credit intermediary licensed under §34i GewO (Registration ID D-W-107-8A4D-60, supervisory authority Ordnungsamt Friedrichshain-Kreuzberg Berlin), our advisory is 100% free of charge for borrowers. We receive standard institutional commission directly from the executing German bank upon loan settlement.
Mortgage rates depend on the fixed-rate period, loan-to-value assessment, borrower finances, property, and lender. Compare the effective annual rate and the offer conditions; an indicative reference rate is not a binding offer.
A credit record is one part of a lender’s assessment, alongside income, employment, equity, commitments, and property details. No universal score guarantees approval or a particular rate. Ask how an enquiry will be classified before a formal application.
Timing varies with the completeness of documents, lender review, property, notary, and land-registry processes. A preliminary comparison is not a formal loan commitment; confirm milestones and deadlines with the parties handling your case.
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