First Home Loan

Buying a home for the first time? First Home Loan gives you our lowest interest rate and advisory services adapted for first-time buyers.

Apply for a loan even if you are short of some of the equity for the home purchase
Get advice from specialist advisers for first-time buyers
Our best interest rate for you buying your first home

Our best rate for first-time buyers

Buying your first home is a dream many people have. That's why we've created a first home loan with our very best rate and advisory services that make it easier to enter the housing market.

What is a first home loan?

A first home loan is a mortgage for you who need to buy a home for the first time.The loan gives you our lowest interest rate and advisory services adapted for first-time buyers.

When you apply for a first home loan, you receive a pre-qualification letter showing how much you can borrow. You can use this in bidding rounds when you need to buy a home. If you win the bidding round, you receive a mortgage with our best interest rate for first-time buyers.

What is required to get a first home loan?

To get a first home loan, it must be your first home purchase. If you are buying a home together with someone, it is sufficient that one of you is buying your first home to receive the benefits of a first home loan.

A first home loan is suitable for both young and adult first-time buyers. There is no upper age limit.

You will receive help from advisers who specialise in helping first-time buyers enter the housing market. In many cases, we can go further to help you buy your first home. We carry out a comprehensive assessment of your finances and look at your borrowing options.

This is what an adviser will help you work out together

Here are the most important things we consider when you submit an application for a mortgage to buy your first home:

Equity: As a general rule, you must have at least 10% of the property's purchase price in saved money, also called equity. But don't let a lack of equity stop you: At DNB, we help many young first-time buyers with what we call Ung (Young Adults) Billion, and we reduce the statutory equity requirement.
Ability to pay: Do you have sufficient income to repay the loan and maintain a normal standard of living? We help you assess this by looking at your income and fixed expenses, among other things.
Willingness to pay: We also look at your history. If you pay your bills and debts on time, you may have sound finances. That counts in your favour!
Debt: If you have debt, such as student loans, car loans or credit cards, it affects how much you can borrow from the bank for a property. We want to avoid your total costs becoming too high and a burden for you.

Get ready to bid with a pre-qualification letter

Applying for a first home loan and applying for a pre-qualification letter are the same thing. Both provide an answer to how much you can spend on a property and give you visible proof that you can make an offer on a home. If you apply for a first home loan and receive financing, it will be converted into a favourable loan once you have purchased the property.

What is important to be aware of is that many people find the property they want to buy before they have their financing in place. This can make the bidding process far more stressful than it needs to be. In other words, it pays to have Applied for a pre-qualification letter (or about the loan) before you start looking at properties.

Having a pre-qualification letter is completely non-binding. With the certificate ready, you know exactly how much you can offer and are ready to buy when the right property comes along.

Share the home ownership dream, share the costs

Parental support and guarantor

With a guarantor or support from parents, you increase your chances of entering the property market.

Buying a home with a friend

Many people choose to buy their first home with a friend.

Friend loan

Buying your first home

1. From saving to home purchase

2. Test your borrowing capacity

3. Get visible proof of what you can afford to buy

Pre-qualification letter
When you need to buy a home, a pre-qualification letter is something you need. It is a confirmation from us at the bank of how much you can borrow and buy a home for. It is completely non-binding and necessary when you need to attend property viewings and participate in bidding rounds.
Are you buying a home together with someone? Then you apply for a pre-qualification letter together.
When you apply for a first home loan, you receive a pre-qualification letter. Once the property is purchased, the pre-qualification letter is converted into a first home loan.

Apply for pre-qualification letter

4. Attend property viewings

5. Submit a bid

Bidding round
When you find the property you want to buy and have your financing certificate ready, you can submit a bid.
Bids are made in writing, and you must identify yourself with BankID or valid proof of identity. The first bid is valid from 12:00 on the first working day after the last property viewing. Thereafter, deadlines can be shortened, but never set unreasonably short – half an hour is usually acceptable. The broker notifies and keeps you updated on the bidding round. It is the property seller who accepts or rejects bids.

More about buying a property

6. Property purchased