Green mortgage for an energy-efficient primary home
A mortgage with a better interest rate for households buying or financing their primary home with energy rating A or B.
Αυτή η ευκαιρία είναι προς το παρόν διαθέσιμη στα Αγγλικά.
You can apply for an ordinary green mortgage for a home that already has energy rating A or B, including when you move a qualifying mortgage to SpareBank 1 Sør-Norge. The loan is secured on the home and must be repaid with interest and fees. When you accept a mortgage-transfer offer, the bank pays off your old mortgage and sets up the new loan.
The advertised ordinary rate starts at 5.49% nominal interest, meaning annual interest before fees. The bank’s example has 5.70% effective interest, which includes borrowing charges: borrowing NOK 2 million over 30 years costs NOK 2,115,298 in addition to the principal, for total repayments of NOK 4,115,298. Your price depends on the bank’s assessment of repayment ability, security and risk.
The term can be up to 30 years. The published ordinary limit is up to 90% of the purchase price, with the tariff also limiting the loan to 90% of the primary home’s value. The arrangement fee starts at NOK 3,200 and the instalment fee is NOK 70. A guarantee adds NOK 500, and each security beyond the first adds NOK 500. Mortgage registration charges are additional.
Eligibility
- The home must be your primary residence and have energy rating A or B. For a purchase, you must give the bank its energy certificate before the green mortgage can be approved.
- The advertised mortgage prices require you to receive your salary in SpareBank 1 Sør-Norge and use the bank for daily banking.
- The advertised prices also require the mortgage to qualify for transfer to SR-Boligkreditt AS, the named mortgage-credit company. The bank assesses this condition together with your repayment ability, security and risk; the loan must comply with Norwegian lending rules.
- As a general rule, a purchase needs at least 10% own funds plus purchase costs. The product page says borrowing above 90% of the purchase price is possible if someone provides a guarantee; the advertised ordinary green-mortgage tariff remains based on up to 90% of the primary home’s value. The bank says borrowing is normally limited to five times your income, and you must be able to manage a rate three percentage points above the current level or at least 7%.
How to apply
- Κατάσταση
- Ανοιχτό συνεχώς
- Όροι του κύκλου αιτήσεων
- Ordinary A/B primary-home mortgage; bank credit assessment applies.
Apply through the bank’s green-mortgage application link and state in the comments that you want a green loan and why you qualify. For a home purchase, provide the energy certificate. When two people apply to move a mortgage, both must consent to the bank obtaining information from Skatteetaten, the Norwegian Tax Administration.
You can also book a loan-advice meeting with SpareBank 1 Sør-Norge, including if you are considering becoming a customer. Identify yourself with BankID, choose the meeting topic and describe what you need help with.