Mortgage in Germany: how to get in 2024

Germany has of one of the lowest mortgage rates in Europe. Both residents and non-residents are allowed to take out a mortgage loan. The process takes about one month and typically costs about 1% of the total loan amount.

Basic documents you need to get a mortgage in Germany

• Passport copy;
• Completed questionnaire;
• Income statement;
• Real estate documents containing basic property information and photos;
• Rental agreement (if a property is rented out);
• Extract from the Land Register (issued no less than six weeks in advance);
• Confirmation of equity available;
• Independent certified appraisal of the property (an extra quality guarantee for the client, it costs €1,000 to €2,000 on average);

All documents should be in German and notarised. This online mortgage calculator for Germany helps to estimate your monthly rate and determine how much sum you can borrow.