LOfavør Green Mortgage
Mortgage for LO-union members buying or refinancing a primary home with energy rating A or B.
Esta oportunidade está atualmente disponível em inglês.
SpareBank 1 Lom og Skjåk lends against security in your home, with repayment over up to 30 years. The advertised nominal interest rate starts at 5.20%. Its example for NOK 2 million over 25 years has an effective rate of 5.38%, borrowing costs of NOK 1,594,928 and total repayments of NOK 3,594,928; this is an example, not a loan limit.
The standard annuity loan has monthly payments covering interest and repayment of the amount borrowed. With an unchanged interest rate, the monthly total stays the same: over time, more of each payment reduces your loan balance and less pays interest.
The member establishment fee starts at NOK 2,500. Monthly payment fees are NOK 50 without a notice or NOK 60 with a notice. A guarantor adds NOK 750 per security to establishment costs. Other charges include NOK 500 for a repayment deferral, NOK 250 for a remaining-debt statement, NOK 750 for release of mortgage security or a change in security priority, and NOK 500 for other loan changes.
Eligibility
- You must belong to an LO-affiliated union, and the property must be your primary home with energy rating A or B. Supply an energy certificate so the bank can approve the green mortgage.
- As a main rule, buying a home requires at least 10% of the purchase price in your own funds, plus purchase costs. The bank’s FAQ states a main-rule borrowing limit of five times income and assesses whether you can afford an interest increase of three percentage points, or an interest rate of at least 7%.
- Borrowing above 90% of the purchase price may be possible with a guarantor: someone who guarantees repayment if you cannot pay, commonly by providing additional security in their home. Your adviser assesses the amount you can borrow.
How to apply
- Estado
- Aberto continuamente
- Condições do período de candidaturas
- LO-union membership and an A or B rated primary home are required.
Apply using the bank’s LOfavør Green Mortgage application on the official product page, or call SpareBank 1 Lom og Skjåk on +47 61 21 90 00 to discuss the loan. If applying jointly, the LOfavør member must start the application. Write that you are applying for LOfavør Grønt Boliglån in the comments field and provide the home’s energy certificate.