To be eligible for a state guarantee in a home loan, you must meet these criteria:

• You’re buying at least 50% of the home.

• The home is intended for your or your family’s own use as a permanent residence. 

• The home is located in Finland.

The longest possible loan period for a loan with a state guarantee is 25 years.

State guarantee in ordinary home loans

The amount of an ordinary state-guaranteed home loan cannot exceed 85% of the purchase price of the home. The guarantee will cover a maximum of 20% of the granted home loan, or a maximum of 60,000 euros. 

Borrowers must pay a guarantee fee, which is 2.5% of the guaranteed amount.

State guarantee in ASP loans

First-time home buyers can get a state guarantee for an ASP loan that covers up to 90% of the purchase price of the home. With ASP loans, the state guarantee will cover a maximum of 25% of the loan and it is free of charge. 

If you need an ordinary home loan in addition to the ASP loan, you will need to pay a fee for the state guarantee included in the ordinary loan. 

Housing loan

Nordea will give you an affordable housing loan that suits your needs. Get a loan promise beforehand, so you can make a bid right away when you find the home of your choice.

Read more about housing loan

ASP loan

Save at least 10% of the price of your home, we will lend you the rest.

Read more about ASP loan

Collateral for a home loan

You often need to have savings and collateral to borrow money for an investment flat. You can use your other assets as collateral or purchase an OwnGuarantee from Nordea.

Read more about collateral for a home