Mortgage calculator for mortgages in the Netherlands | Finsens (2024)

FAQs

Is it hard to get a mortgage in the Netherlands? ›

That said, if you are new to a job, without a permanent contract, self-employed, on a low income, or of a non-EU nationality, it may be harder to get a loan or financing on 100% of the purchase price. The requirements change depending on the bank, but generally, you need: A valid passport. A BSN (citizen service number ...

How much can I borrow? Mortgage rules 2024. In 2024, you can borrow a maximum of 100 per cent of the house value. This means that you have to pay the additional costs, the buyer's costs, from your own money.

The average interest rate for a fixed-rate mortgage in the Netherlands is currently around 4%.

A mortgage in the Netherlands has to be paid off in a maximum of 30 years, and your monthly payment schedule is set up accordingly. With most mortgage lenders you can make a yearly extra repayment up to 10-20% of your total mortgage loan. If you repay a bigger amount, you might have to pay a fine.

The income requirement can vary depending on the bank, but generally you will need to have a gross income of at least €35,000 to €45,000 per year. Another important factor to consider is the down payment. In the Netherlands, most banks require a down payment of at least 10% to 20% of the purchase price.

After signing the preliminary purchase contract ('voorlopig koopcontract'), you'll need to pay the seller a deposit of 10% of the purchase price of the property. If you don't have enough savings, you can get a bank guarantee ('bankgarantie'). In general this will cost you 1% of the amount of the guarantee.

In 2024, the National Mortgage Guarantee (NHG) covers properties with a maximum value of: 435.000 euros for properties without energy-saving features. 461.100 euros for properties with energy-saving features.

If you have decided to buy a house in the Netherlands, you will have to devote some thought to taking out a mortgage. There are several different types of Dutch mortgage to choose from, all of which have their own pros and cons. Because most Dutch mortgages have a duration of 30 years it is important to choose wisely!

The average sales price of a home in the Netherlands peaked in August 2022, followed by a decline in the following months. In September 2023, it cost on average over 422,000 euros to buy a home, down from 438,000 euros in the same month the year before.

What are Dutch style mortgages? ›

A Dutch-style mortgage is a longer term fixed rate mortgage where the interest rate automatically reduces as the borrowers repay their home loan.

Variable interest rates remain high at the moment. We expect in the remainder of the year rates to stabilize again and towards the summer they could start dropping.

As a non-resident in the Netherlands, you must fulfill specific requirements and provide necessary documents to qualify for a mortgage through a bank. These might include your income details, debt-to-income ratio, and your savings amount.

In the Netherlands, you can borrow up to 100% of the value of the property. The maximum amount you can borrow on a mortgage is determined based on two things: Your income. The value of the property you want to buy.

How to arrange a second mortgage? You might be able to transfer your current house loan to a new property in the Netherlands, keeping the same terms and interest rates. There is always an option to find a new mortgage lender with more favorable conditions, for example, lower interest rates.

The U.S. or non-European Union passport holders can get a mortgage in the Netherlands, yet they need to prove their residency in The Netherlands. Non-EU citizens are subject to almost the same rules as E.U. citizens.

Applying for a mortgage takes on average between 4 and 8 weeks. This is the period between the consultation with a mortgage adviser and the final agreement from the lender. Sometimes an application can be completed in 1 week and sometimes it takes a little longer, for example in the case of a divorce.

The Netherlands does not place any restrictions on the purchase of property by foreigners, whether resident or non-resident. However, to get a mortgage you must live and be registered in the Netherlands. If you are from a country in the EU, EEA or Switzerland you do not need a visa to live or work in the Netherlands.