As a home buyer, you must make a significant financial decision. The decision might look scarier than it truly is. If you are aware of the Dutch mortgage process, you will have more confidence to make the right decision. For this reason, we’ve answered the most common questions that home buyers would ask us about a Dutch mortgage in 2020.
1. Can I get a Dutch mortgage if I’m temporarily employed?
Short answer: Yes. You can get a mortgage if you have temporary employment.
You can get a mortgage in the Netherlands if you’re temporarily employed. To get a mortgage, you will be required to show a declaration of intent. In other words, your employee must have the intention to further your employment as soon as your temporary contract expires. Besides, you must provide a list of mortgage application documents.
2. Do I qualify for a mortgage in the Netherlands if I’m permanently employed?
Short answer: Yes. You can get a mortgage if you’re permanently employed.
One of the requirements to get a mortgage in the Netherlands in a more quick way is a permanent contract. If you have a permanent agreement, your mortgage application process will be more rapid. The additional documents required when getting a mortgage in the Netherlands are:
- your proof of income
- proof of savings/assets
- proof of debts/financial obligations
- documents about the property
3. Mortgage closing fees in the Netherlands
Mortgage closing costs depend on the amount you’re planning to lend and the value of your property. Check the list of mortgage costs below
- Purchase Price
- Transfer tax 2%
- Commission for the real estate agent
- Valuation report
- Movable goods if applicable
- Notary (deed of ownership, deed of mortgage, public land records)
- Bank guarantee
- Renovation or additional costs
- NHG, if applicable
- Mortgage adviser
You can also check our mortgage closing fees calculator.
4. Can I get a mortgage if I’m a freelancer in Amsterdam?
Short answer: Yes. You can get a mortgage if you’re a freelancer.
The same rules apply for freelancers as self-employed internationals in the Netherlands. To get a mortgage as a freelancer, you must show the details of your earnings and paid taxes from the last twelve months. We work with different mortgage lenders in Amsterdam, so we can always find the best solution for you. Are you a freelancer? Tell us about your situation, and we will provide a matching solution.
5. I’m an E.U. citizen, can I buy a house in the Netherlands?
Short answer: Yes. E.U. citizens are eligible to apply for a mortgage in the Netherlands.
Banks need your BSN, show your contract of employment, proof of income and savings, and debts. The additional mortgage requirements depend on the mortgage lender in the Netherlands. Contact us for more information.
6. Can U.S. citizens buy a property in Amsterdam?
Short answer: Yes. U.S. citizens are eligible to apply for a mortgage in the Netherlands.
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. You can check the list of required documents here.
7. Are Ph.D. students/academics able to get a mortgage on their house in the Netherlands?
Ph.D. students/academics can buy a house in the Netherlands and finance their homes with a mortgage. Check the list of documents required to get a mortgage in Amsterdam here.
8. How much can I borrow in the Netherlands?
It’s one of the most popular questions when it comes to your dream home in the Netherlands. The amount you can borrow depends on tow measurements: your annual salary and the value of the property. The mortgage calculator can help you to check how much you can borrow, yet the mortgage calculators aren’t detailed enough. We advise you to schedule your free mortgage appointment and get personalized mortgage advice.