Menu
Expat.com

Home loans for retired Americans in Norway

Last activity 28 August 2017 by ECS

Post new topic

TeacherJeanie

Do you know if a retired American, with a secure but fixed pension, would be able to get a home mortgage in Norway? If so, what down payment would be required?

ECS

what kind of visa are you expecting to have? Do you have any kind of savings for an initial down payment?

FWIW, I asked what kind of mortgage I could get as a long term resident (i.e. no residency restrictions) with income and no down payment with a higher than average income for the country, and was told 2 million NOK was the limit. That won't buy much in Oslo.

Articles to help you in your expat project in Oslo

  • Banking and finance in Norway
    Banking and finance in Norway

    Norway may not be the easiest country in the world to open a bank account in since aside from proof of identity, ...

  • Buying property in Oslo
    Buying property in Oslo

    House prices in Oslo have been on the rise for the past decade, and although the market is beginning to stabilize, ...

  • Accommodation in Oslo
    Accommodation in Oslo

    Rental places in Oslo are competitive, and prices are overall high. High living costs are well-expected across the ...

  • Developing your social circle in Oslo
    Developing your social circle in Oslo

    Norwegians are not known for their eagerness to befriend newcomers. Most locals have well-established social ...

  • Sports in Oslo
    Sports in Oslo

    Norwegians are an active bunch and weather is no obstacle. You will see youngsters playing soccer in the pouring ...

  • Popular neighbourhoods in Oslo
    Popular neighbourhoods in Oslo

    Welcome to Oslo! Once you familiarise yourself with the neighbourhoods in Oslo, it will be much easier to navigate ...

  • If you are young...
    If you are young...

    I lived in Harstad for a year with my mom trying to learn Norwegian so I could hopefully move to Oslo, get a job, ...

  • Things to do on weekdays in Oslo
    Things to do on weekdays in Oslo

    Many expats are intimidated by Oslo's colder climate. Luckily, the city offers a wide range of both indoor and ...

All of Oslo's guide articles