You can usually apply for a home loan in Norway after a certain period of time. However, the final decision depends on both the bank and the credit adviser itself. If you are going to permanently settle on fjords, then this type of financing of your four angles is an excellent decision. The installments you will repay will often amount to the same amount as the rent. Except that by taking a home loan or home loan you are financing the property that will eventually be yours.

How do I get a home loan in Norway?

Every home loan history in Norway is different. However, there is a group of permanent requirements that are necessary to obtain funding. One of them is the obligation to make your own deposit. Depending on the bank, it is usually between 15% and 25% of the value of the house. If you do not have this amount, you can apply for a starting loan from the municipality (Norw. startlån).

Necessary documents

When applying for this type of financial product, you will be required to submit the necessary documents. The absolute minimum in all banks are the documents given below. It is worth mentioning, however, that the range of required documents can vary both depending on the bank, your credit history, as well as the advisor itself!

What to buy – a house or an apartment?

Before you apply for a home loan, you should think about what you prefer to buy – a house or an apartment? In Norway, the first properties are most likely to be purchased, mainly due to subsequent costs. When you decide on a house, in addition to paying off the loan, you will pay your utility bills. In the case of apartments, there is another cost, the so-called elleskostnader. This is something like rent that must be paid by every apartment owner in the block.

We will help you fulfill your dreams of your own home!

We are a company that will provide you with comprehensive support on the way to buy your dream home. We have been involved in credit through credit for more than 3 years and have experience not only in the Norwegian market, but also in the wider European Union. We will analyze the credit market for you, choose the best deals, and help you complete all the formalities.

What will you gain from us?

Home loan in Norway with Lorentzen Consulting

Trust us and benefit from our experience. The granting of a credit decision largely depends on the professionalism and knowledge of the advisers. Once you’ve explored your options, we’ll know which banks are the fastest to fund your dream of your own four corners. Feel free to contact us!