Getting a mortgage with an EU Blue Card

The requirements in Germany

Getting a mortgage with an EU Blue Card

Can an EU Blue Card holder get a mortgage in Germany? The simple answer is yes; you are able to secure a mortgage if you meet the specific requirements.

Mortgages and EU Blue Cards

While EU Blue Card holders can get a mortgage, the two things are slightly incompatible; a mortgage is a long-term investment but an EU Blue Card is only valid for a maximum of 4 years. As a result, a lot of banks do not lend to EU Blue Card holders and those who do insist certain requirements are met.

If you want to get a mortgage as an EU Blue Card holder, a mortgage broker can be a great asset to you. Brokers like LoanLink , who are experts at helping foreigners, know which banks will lend to you and can help you get the best deal.

Requirements

To secure a mortgage, you must be able to provide:

  • Proof of solid income (due to the salary requirements needed to get an EU Blue Card,  you will easily meet this requirement)
  • Proof you can afford the mortgage down payment (as a temporary resident, banks could ask you to pay 40-50% of the property price yourself)
  • Proof you can afford the additional property purchase costs (e.g. notary, estate agent and property inspection fees)

Banks also place a limit on the amount you can borrow. Your monthly net income (not including non-euro income) multiplied by 100 will be the maximum a bank will lend to you.

If you meet all of the requirements and qualify to borrow the amount you need, you can secure a mortgage.

Further reading

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