Are you looking for a larger flat or family home, or are you looking for an improvement, to invest in the future for your children or to finally get out and live by yourself? There are many reasons to take advantage of a Fio Mortgage. Convince yourself of all the things we can help you with.
Mortgages provide EU citizens or EFTA, who have the SR permanent or temporary residence, and their income is generated in the Slovak Republic. Temporary residence shall be at least one year. A citizen of another country must have a permanent residence in Slovakia for a minimum period of 1 year and his income must be generated in the SR.
Why a Fio mortgage?
- No fees for loan origination, current and loan account administration, reserving funds or for drawing funds.
- Discount of 0,4 % applies to refinancing mortgages up to 70 % loan-to-value with incident free customer´s credit history
- You also can select additional services with a mortgage including free early payments or the Mortgage Savings Account.
- You can check current interest rates here.
Reduce your interest to 0% and pay less each month
Do you have savings of at least EUR 2 000? Let them reduce your interest and thus monthly mortgage payments. Your money is available at any time, and you can save money every month.
Deposit your free funds (minimum EUR 2 000) on the Hyposavings account, which is completely free, and we will not charge you any interest on the principal amount corresponding to your current Hyposavings account balance.
If your balance on the Hyposavings account is equal to the principal of the mortgage for the whole period of its repayment your interest rate will be 0% per annum and you will only repay the principal. Thus, you will not pay any charges at all. Your savings will still be available and you can freely dispose of them, even withdraw all the balance any time.
Exceptional instalment
Our mortgage can be repaid prematurely at any time without any fees and penalties (except for loan refinancing from another bank). It is up to you how often you will make extraordinary payments and how much this extraordinary instalment will be. You can even repay prematurely the entire loan with your own funds for free.
| RATE FIXED FOR 3 YEARs |
|---|
| Mortgage amount | from 40 000 EUR | to 40 000 EUR |
|---|
| Refinancing | 3,98 % | 4,08 % |
| Purchase | 4,08 % | 4,18 % |
| Other | 4,38 % | 4,48 % |
Guaranteed rates are valid for loans up to 80 % of the value of the property and assuming all conditions for discounts are fulfilled. Rates with more than 1 year fixation can be found out through our Mortgage calculator.
Mortgage calculator
American mortgage
Would you like to borrow money and you own the property that you could use as collateral? If so, take advantage of American mortgage. The borrowed money can be used for any purpose, such as reconstruction or purchase of a new car.
If you are interested in American mortgage, please, contact any of our mortgage specialists.
How to get a Fio Mortgage?
You can get additional information and an example monthly installment calculation at any of our branches.
Our specialist with you will take your requirements and will sell you a list of documents needed for the equipment loan. Documents are essential application for a mortgage, ID card, proof of income, documents justifying the purpose of securing a loan, including awards. These documents further bank and decided on the allocation of credit. As a refinance you have the real estate valuation is not older than 6 years, you can use this award.
If you are an employee and you show income from dependent activities, you simply need proof of income and bank statements showing your ability to make mortgage payments; statements cannot be any older than 30 days (pursuant to Point 1 below). If you are self-employed or have other sources of income, you must provide your physical person income tax declarations including all annexes and confirmed by the tax authorities for the previous 2 years (pursuant to Point 2 below).
After your appraisal is completed by a Fio banka contracted appraiser based on your order, the materials needed for a mortgage will then be completed.
Your income can come from the following sources:
- Dependent activities in Slovakia or abroad,
- Business activities from self-employment activities or side income,
- Existing or future real estate rentals in Slovakia,
- Other sources - income can include family contributions, old-age pensions, service pensions, etc.
Related documents
- Mortgage application
- Application - co-applicant
- List of materials
- Confirmation of employment income
- Proof of income statement (SK)
- Emplyoment income verification (EN)
FAQs
- Pennymac. ...
- Bank of America. Best for national bank mortgages. ...
- Alliant Credit Union. Best for credit union home loans. ...
- Wells Fargo. Best for conventional loans. ...
- Veterans United Home Loans. Best for VA loans. ...
- BMO Bank. Best for specialty loan programs. ...
- PNC Bank. Best for first-time homebuyers. ...
- Rocket Mortgage. Best online mortgage.
a Bank. A mortgage broker can offer a wider array of options and streamline the mortgage process, but working directly with a bank gives you more control and costs less.
What credit score do I need to get a bank loan for a house? ›
The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).
Is it hard to get a bank loan for a house? ›
Still, while qualifying for a mortgage may be more difficult these days, it isn't impossible—in fact, nearly three out of every four applicants gets approved, according to government data from 2022. And your odds go up if you've prepped ahead of time.
What is the lowest amount a bank will loan for a mortgage? ›
Most major mortgage lenders won't offer loans under the $50,000 mark. Lenders are used to people asking for the maximum amount they can borrow (the average maximum mortgage loan amount is $ 300,000), so some might not even have an official minimum threshold.
Who is the #1 mortgage lender in America? ›
Rocket Mortgage is the largest mortgage lender in the United States, originating 464,363 mortgages worth $127.6 billion in 2022.
What hurts your chances of getting a mortgage? ›
If you are currently repaying other debts that limit the amount of cash available for future payments, you can get denied even if you have a good credit score. Multiple credit cards with high balances or large loans with more than half the total balance remaining will not help you in your mortgage-seeking endeavors.
Should I get preapproved for a mortgage through my bank? ›
Getting preapproved is a smart step to take when you are ready to put in an offer on a home. It shows sellers that you're a serious homebuyer and that you can secure a mortgage – which makes it more likely that you'll complete your purchase of the home.
Should I talk to my bank about buying a house? ›
The question is, who do you talk to first, a lender or a real estate agent? To put it simply, it's best for first-time buyers to get in touch with a real estate agent first before looking for a mortgage lender.
What credit score is needed to buy a $300K house? ›
What credit score is needed to buy a $300K house? The required credit score to buy a $300K house typically ranges from 580 to 720 or higher, depending on the type of loan. For an FHA loan, the minimum credit score is usually around 580.
Your credit score has less bearing on your ability to get a mortgage than you might think. The minimum FICO score for a conventional loan is 620. The best rate comes with a score of 740 or higher. There is no particular advantage to having a score of 800, although it is, of course, laudable.
What credit score is needed to buy a $500,000 house? ›
Lower mortgage rates than many mortgages. No mortgage insurance. Expect to need a minimum credit score of 620+
Why would a bank not approve a home loan? ›
Lenders look not only at your minimum credit score, but also at whether you have a significant amount of derogatory remarks on your credit report such as a foreclosure or bankruptcy. But unless your credit is in really bad shape, you should be able to get approved for a mortgage loan.
Which home loan is easier to get? ›
Government-backed loan options, such as FHA, USDA and VA loans, are typically the easiest type of mortgage to get because they may have lower down payment and credit score requirements compared to conventional mortgage loans.
How quickly can you get a mortgage? ›
Generally speaking, it usually takes two to six weeks to get a mortgage approved. The application process can be accelerated by going through a mortgage broker who can find you the best deals that suit your circ*mstances. A mortgage offer is usually valid for 6 months.
Which bank provides best mortgage loan? ›
Comparison of 10 Best Home Loan Banks in India
| S.No | Bank Name | Interest Rate |
|---|
| 1 | Aditya Birla Capital | 9.05% onwards |
| 2 | Union Bank of India | 9.00% onwards |
| 3 | Kotak Mahindra Bank | 8.85% to 9.40% |
| 4 | HDFC Bank | 8.50% onwards |
6 more rowsLenders with the best mortgage rates:
- JP Morgan Chase: 4.81%
- DHI Mortgage Company: 5.58%
- State Employees' Credit Union (SECU): 5.79%
- Navy Federal Credit Union: 6.08%
- Wells Fargo Bank: 6.12%
- Citibank: 6.20%
- Pennymac: 6.29%
- Cornerstone Home Lending: 6.29%
How to choose a mortgage lender in 8 steps (and avoid headaches along the way)
- Monitor and improve your credit.
- Budget and save for your down payment.
- Narrow your loan program preferences.
- Understand different types of mortgage lenders.
- Compare lenders by rates, terms and service.
- Get preapproved.
- Compare loan estimates.
Currently, Union Bank of India and Bank of Maharashtra offer the lowest home loan interest rate starting from 8.35% p.a. Keep reading to know the Home Loan interest rates offered by lenders in India in 2024.
