Take advantage of our free support
You may also like
Mortgage for Foreigners in Poland – Requirements and Documents
Mortgage for Foreigners in Poland – Requirements and Documents
Poland has become an attractive destination for foreign investors, expats, and international buyers looking to purchase property. One of the most common questions is: Can foreigners get a mortgage in Poland? The answer is yes. However, obtaining a mortgage as a foreigner involves specific requirements and documentation that differ from local residents. This guide explains everything you need to know to secure a mortgage in Poland as a foreign client.
Who Can Get a Mortgage in Poland?
Foreigners who want a mortgage in Poland fall into two main categories:
-
EU Citizens: Generally face fewer restrictions. Banks can consider income from EU countries and employment in Poland.
-
Non-EU Citizens: May require a residence permit or long-term visa. Banks will evaluate foreign income, legal status, and overall creditworthiness more rigorously.
In both cases, banks aim to ensure that borrowers can repay the mortgage without risk. Therefore, documentation and proof of financial stability are essential.
Key Requirements for Foreign Borrowers
Foreign buyers must meet several standard criteria:
-
Valid Identification
-
Passport
-
Residence permit (if applicable)
-
-
Stable Income
-
Employment contract in Poland or abroad
-
Self-employment or business income
-
Bank statements showing consistent earnings
-
-
Credit History Banks typically require a credit report from your home country. They assess your past loans, credit cards, and financial obligations to determine repayment capacity.
-
Down Payment Most banks require a minimum 20% of the property value as a down payment. In some cases, 10% is possible with additional insurance.
-
Property Valuation The bank orders an independent property appraisal to confirm that the property’s value covers the mortgage.
Required Documents
To apply for a mortgage as a foreigner, the following documents are usually required:
-
Identification: Passport, visa, or residence card
-
Proof of Income:
-
Employment contract
-
Recent payslips (last 3–6 months)
-
Tax returns or proof of business income
-
-
Bank Statements: Showing financial stability and existing liabilities
-
Credit Report: From home country or international reporting agencies
-
Property Documents: Preliminary purchase agreement, property title, land and mortgage register excerpts
-
Translations: All documents must be translated into Polish by a certified translator
Having all documents correctly prepared increases approval chances and shortens the processing time.
Income and Currency Considerations
Foreigners earning income abroad may apply for mortgages in Poland. Banks generally accept income in EUR, but apply conservative exchange rates to mitigate currency risk. A Polish mortgage expert can advise on which banks are most foreign-friendly and whether a foreign-currency mortgage suits your financial situation.
Common Challenges for Foreign Buyers
-
Additional Documentation: Foreign income, credit reports, and residence documents often require extra verification.
-
Longer Processing Time: Foreign borrowers typically experience longer approval periods due to document verification.
-
Legal Requirements: Certain properties, especially land plots, may require a government permit for non-EU buyers.
Why Work with a Polish Mortgage Expert
Navigating the Polish mortgage system as a foreigner can be complicated. A Polish mortgage expert helps in:
-
Preparing complete and correct documentation
-
Choosing the right bank and mortgage type
-
Negotiating better interest rates and conditions
-
Ensuring compliance with all Polish banking regulations
This guidance significantly increases the probability of approval and reduces stress during the application process.
Summary
Foreign buyers can successfully obtain a mortgage in Poland by understanding the requirements and preparing the necessary documentation. Key steps include verifying your income, obtaining credit history reports, securing the down payment, and ensuring the property is properly valued. By consulting a Polish mortgage expert, you streamline the process, avoid common pitfalls, and access the most suitable mortgage products for your needs.
Poland offers a competitive real estate market for both residents and foreign investors, and with proper preparation, securing a mortgage is entirely achievable.
The data controller is ADDWISE Sp. z o.o., which processes personal data for the purposes and under the terms specified in the Privacy Policy. Providing consent is voluntary. I acknowledge that I have the right to withdraw my consent at any time without affecting the lawfulness of the processing carried out prior to its withdrawal. For more information about the protection of personal data, please see the Privacy Policy.
Join Our Facebook Group for Mortgages in Poland
Stay up to date with the latest news, tips, and opportunities for mortgages in Poland.
Want to learn more and secure the best mortgage in Poland? ReFinansujemy.com are specialists with over 18 years of experience assisting foreigners in Poland with property purchases and mortgages.
Thanks to our expertise and know-how, you can be confident that you’re always getting the best bank offer available. Contact us today, and we’ll help you analyze your situation and obtain a mortgage that’s both profitable and advantageous for you.
Get a Free Consultation!
Media społecznościowe
YouTube