Most major French banks provide mortgage loans to foreigners; however, non-residents are subject to stricter requirements than French nationals. Thanks to the government's scrutiny of the country’s mortgage system, French mortgages are broadly considered to be some of the safest in the world.

Foreign mortgage loan terms in France (as of November 2016) Source: Crédit Français, Tranio´s partner in France

Maximum LTV ratio 60%
Minimum loan amount €75,000
Maximum loan amount
Fixed rates 1-2.3% р.a.
Loan term 5 to 25 years
Minimum age of borrower 21
Maximum age of borrower
by the end of the loan term
85
Maximum percentage of monthly
income for mortgage
33%

Documents

Mortgage applications in France require the following documents:

  • passport copy
  • marriage or divorce certificate copy
  • copy of the pre-sale property contract executed by the buyer, the seller and a notary
  • personal income tax form for the previous two years and the previous months of the current year, and a labour contract (for employees)
  • tax returns, articles of incorporation and balance sheets for the three previous years (for entrepreneurs)
  • bank statements for the previous three months
  • table of payments for other loans and loan agreements (if applicable)
  • proof of any additional income: tax benefits, rentals, pensions, dividends
  • property ownership certificate and domiciliary utility bills. To get a mortgage in France, non-EU citizens must already own property (in any country).

Banks may request additional information, such as a health certificate. All foreign-language documents must be translated into French and notarised.

The period between applying for a mortgage and signing a final sale contract typically takes 8-12 weeks.

Buyers with budgets starting from €2M can also get loans to buy French real estate in Monaco and Luxembourg. Loan terms and required documents will differ; for details, please consult a local bank.

Extra costs

Non-recurring mortgage costs in France typically amount to about 2% of loan value. There are also additional insurance payments of about 0.3% per year.

Additional mortgage costs in France (as of November 2016) Source: Crédit Français, Tranio´s partner in France

Property appraisal and Due Diligence
(not required by all banks)
€800-1,500
Borrower's life insurance
(depends on the borrower's age,
the loan term and amount)
About 0.3% of the loan
amount per annum
Mortgage arrangement fee 0.5-1%
of the loan amount
Bank commission for credit
report processing
Up to 1%
of the loan amount
Early repayment penalty Up to 3%
of the remaining debt
 
 
Free advice on real estate in France
Elena Chernyshyeva
Real Estate Expert Tranio in France
+44 20 3608 1267
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