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How Much Can I Borrow for a Mortgage in Norway?

Find out how much you can borrow and how expensive a home you can buy in Norway, based on your income, deposit, other debt and the banks' stress test.

Last updated . Figures are for the 2026 tax year.

Salary before tax, per year.

NOK

Savings, a BSU account, or the proceeds from a home you are selling.

NOK

Student loan, car loan, consumer loans and credit card limits.

NOK
Type of home

An example figure, not a quote. Enter the rate your bank offers you.

%
years

Food, clothes, transport, children and so on. Banks use a reference budget from the research institute SIFO.

NOK

Electricity, municipal charges and co-op monthly fees.

NOK

You could buy a home worth up to

NOK 3,978,242

Mortgage at that price

NOK 3,477,698

Monthly payment

NOK 18,669

Debt as a multiple of income

5x

The biggest limit for you is your ability to pay (you must still cope if interest rates rise, the bank's stress test).

Rule in the Lending RegulationsMaximum purchase price
Equity: at least 10% of the price, plus buying costsNOK 4,800,000
Debt ratio: at most 5x income (NOK 3,500,000 of new loan)NOK 4,000,000
Stress test at 8% interest (NOK 3,477,698 of new loan)NOK 3,978,242

Banks may make exceptions to the rules for up to 10% of their mortgages each quarter (8% in Oslo). The bank makes its own assessment. Indicative only.

Estimate only: results are indicative and are not tax, legal or financial advice. Your actual tax and payments are set by the Norwegian authorities (the Tax Administration, NAV, Customs, the Land Registry) and depend on your personal situation. Check with them or a qualified adviser before you rely on a figure.

How it works

This calculator shows how expensive a home you can buy in Norway and how large a mortgage you can expect, based on the three rules that Norwegian banks must follow when they lend against a home. The rules come from the Lending Regulations (utlånsforskriften), a government regulation that applies to every bank lending to consumers in Norway. The tightest rule decides how much you can really borrow, and the calculator tells you which one is holding you back.

The three rules

  • Equity (egenkapital, section 7): the loan can be at most 90%of the home's value, so you need 10% in your own money. Buying costs such as stamp duty (2.5% on freehold homes) also have to come from your savings.
  • Debt ratio (gjeldsgrad, section 6): total debt at most 5 times gross annual income. Your share of the shared debt in a housing co-op (borettslag) counts too.
  • Ability to pay (betjeningsevne, section 5): you must be able to afford normal living expenses if interest rates rise by 3 percentage points, with a floor of 7% for the test rate.

In addition, when the loan is above 60%of the home's value, the bank must require repayments of at least 2.5% of the loan each year (or the amount of a 30-year annuity loan, whichever is lower). Interest-only credit lines are capped at 60%of the home's value.

Worked example

Say you earn NOK 700,000 a year, have NOK 600,000 in equity and no other debt, and expect living costs of NOK 15,000 and housing costs of NOK 3,000 a month. With an example mortgage rate of 5% over 30 years, the bank tests the loan at 8%. Your monthly budget then supports a new loan of NOK 3,477,698, which is lower than the 5x limit of NOK 3,500,000. You could buy a freehold home worth up to NOK 3,978,242, with a monthly payment of about NOK 18,669. The 5% rate is only an example: mortgage rates change and differ between banks, so enter the rate you have been offered.

How much can you borrow at different incomes?

Gross income5x incomeStress test*Maximum loan
NOK 400,000NOK 2,000,000NOK 1,215,392NOK 1,215,392
NOK 500,000NOK 2,500,000NOK 1,969,494NOK 1,969,494
NOK 600,000NOK 3,000,000NOK 2,723,596NOK 2,723,596
NOK 700,000NOK 3,500,000NOK 3,477,698NOK 3,477,698
NOK 800,000NOK 4,000,000NOK 4,149,233NOK 4,000,000
NOK 1,000,000NOK 5,000,000NOK 5,430,106NOK 5,000,000
NOK 1,200,000NOK 6,000,000NOK 6,647,572NOK 6,000,000

*One borrower with no other debt, an example rate of 5% (tested at 8%), 30 years, living costs of NOK 15,000 and housing costs of NOK 3,000 a month. The equity requirement comes on top.

What the calculator does not cover

It does not know your residence status, your type of employment contract, income earned abroad, or how a particular bank weighs them. It also does not include an interest rate from any bank. Once you know roughly what you can borrow, work out the repayments with the Norway mortgage calculator, add up the one-off costs with the cost of buying a home in Norway page, and check the stamp duty with the stamp duty calculator.

Sources: Lending Regulations, English translation by Finanstilsynet (Lovdata), Utlånsforskriften, official Norwegian text (Lovdata, in Norwegian), Finanstilsynet (Financial Supervisory Authority of Norway)

Frequently asked questions

How much can I borrow for a mortgage in Norway compared with my income?
Your total debt, including student loans and car loans, cannot be more than 5 times your gross annual income (Lending Regulations, section 6). The section says "total debt" and does not mention unused credit card limits; the rule that the whole limit of credit lines and cards must be assumed to be used is stated for the stress test in section 5, and this calculator counts the full limit in both to stay on the cautious side. If you earn NOK 700,000 a year, the ceiling is NOK 3,500,000 of debt in total. In practice the bank's stress test on your monthly budget is often the tighter limit.
How much of a deposit (egenkapital) do I need?
A repayment mortgage can be at most 90% of the home's value, so you need at least 10% in equity, meaning your own money. If you buy a freehold home you must also pay 2.5% stamp duty (dokumentavgift) out of your own funds. For a NOK 4,000,000 home that is at least NOK 500,000.
What is the stress test for a Norwegian mortgage?
The bank must check that you would still have enough money for normal living expenses if the interest rate on all your debt rose by 3 percentage points, and in any case it must test at 7% or more (section 5). With a 5% mortgage rate, the test is therefore run at 8%. It applies to all your debt, not only the new loan.
Can a bank lend me more than the rules allow?
Sometimes. Each quarter a bank may grant loans that break one or more of the requirements for up to 10% of its new mortgages (8% for homes in Oslo). Banks tend to use this room for borrowers they consider low risk, such as young people with a clearly rising income, so you should not count on it.
How much can two of us borrow together?
When you borrow together, both incomes are added for the 5x rule and for the ability-to-pay test, and all of your combined debt counts. Tick the box for two borrowers and enter both incomes and the household's shared living costs.
Why does my bank give a different figure from this calculator?
The calculator applies the rules in the Lending Regulations to the numbers you type in. The bank uses its own budget for your living costs (often the SIFO reference budget), looks at how stable your income is, and may add its own safety margin. It also decides your interest rate. Treat the result as a first estimate before you speak to a bank.
Does the calculator cover foreign income or a temporary residence?
No. It works from gross income you type in and does not know your residence status, your contract type, or how a bank treats income earned abroad. The regulations count personal income under Norwegian tax rules, and tax-exempt income can be included only if it can be documented and is stable over time. Ask your bank directly how it treats your situation.

Related calculators

→Norway Mortgage Calculator→Cost of Buying a Home in Norway→Norway Stamp Duty and Registration Fees on a Home

Prefer Norwegian? Se den norske versjonen.

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