Mortgage – calculate and apply for a home loan

The same requirements apply to everyone applying for a mortgage with us. To be eligible, you’ll need to meet the following criteria:

• You are registered as a resident in Sweden
• At least one applicant has a regular income
• You have no payment defaults

When you use our calculators or apply for a mortgage pre-approval, we’ll usually show you an offer based on a specific fixed-rate term and interest rate. However, your actual rate isn’t set until your mortgage is paid out. This means the rate you receive may differ from the one shown when you’re calculating or applying.

When your mortgage is paid out, it will initially be set at a variable rate (a 3-month fixed period). You can choose to fix your rate for a longer term at any time by logging in to the app or online banking.

You can apply for a mortgage of between SEK 200,000 and SEK 10,000,000 on sbab.se. If you’re looking to borrow more than SEK 10,000,000, please contact our customer service team.

When buying a new home, you can borrow up to 90 percent of the property’s market value. You’ll need to provide the remaining minimum of 10 percent in deposit.

If you want to borrow more on your existing mortgage, you can increase your total borrowing up to 80 percent of the amortisation- and loan based value. The total loan must also not exceed 90 percent of the property’s current market value.

You can quickly and easily see how much you could borrow using our mortgage calculator.

Your mortgage cannot exceed 90 percent of the property’s market value. The remaining minimum of 10 percent is your deposit—the part of the purchase price you need to pay using your own funds rather than a mortgage.

Your deposit can come from:

• savings
• proceeds from selling a property
• an inheritance or a gift

If you don’t have the full deposit, we may in some cases be able to help with a personal loan to cover part of it. The personal loan can make up a maximum of 5 percent of the property’s price. This means you’ll always need to fund part of the deposit yourself.

How much you can borrow—both as a mortgage and as a personal loan—depends on your financial situation.

Tip!

If you’re planning to sell a property, base your deposit on the lowest price you would be willing to accept.

With our deposit calculator, you can estimate how much deposit you’ll need for homes in your area.

With us, you can take out a mortgage for an apartment, a house, or a holiday home.

We offer mortgages for apartments between 17 and 200 square metres. At the moment, we’re unable to offer mortgages for owner-occupied apartments (similar to a condominium).

If you’re looking to finance a house, it must either be freehold or leasehold. We don’t offer mortgages for properties on leased land. The property must also be classified as a standard residential property, which means we’re unable to lend on agricultural properties—even if the loan relates only to the residential building.

We offer mortgages for houses between 30 and 300 square metres. We don’t provide construction loans or building finance, which means we can only offer a mortgage once the property has been completed and inspected.

If you’re planning to buy a holiday home and apply for a mortgage, please give us a call. We’ll help you explore your options.

A mortgage pre-approval is an assessment of your financial situation—not a specific property. You can easily adjust your pre-approval to different homes you’re interested in through online banking once it has been approved.

A pre-approval gives you a clear idea of what you can afford and how much you could borrow. It’s based on the information you provide, so it’s important to enter accurate details in your application from the start—for example, your income and the number of people in your household.

It’s a good idea to leave some headroom in your pre-approval and focus on properties below your approved limit. You’re never required to borrow the full amount, even if you’re approved for more.

You always apply for a pre-approval online with us. A pre-approval with SBAB is valid for three months.

How much you need to repay on your mortgage depends on your loan-to-value (LTV) ratio—that is, how much you’ve borrowed in relation to the value of your property.

• If your total mortgage is 50 percent or less of the amortization- and loan based value, making repayments is optional.
• If your total mortgage is between 50 percent and 70 percent of the amortization- and loan based value, you must repay at least 1 percent per year.
• If your total mortgage exceeds 70 percent of the amortization- and loan based value, you must repay at least 2 percent per year.

If you repay all or part of a fixed-rate loan earlier than agreed—for example by redeeming the loan early or making an extra payment—you may, in some cases, need to pay an early repayment charge. This is regulated by consumer credit legislation.

The charge is intended to compensate the lender if your early repayment results in a financial loss.

When you buy a house, you need to register your ownership through a process known as title registration. The application is submitted to the Swedish Mapping, Cadastral and Land Registration Authority (Lantmäteriet). The cost is a stamp duty of 1.5 percent of either the purchase price or the property’s assessed value (whichever is higher), plus an administrative fee of SEK 825.

You can’t include this cost in your mortgage, so it must be paid using your own funds after the purchase.

Mortgage deeds represent the security for the loans secured against the property. When a property is sold, existing mortgage deeds are transferred to the new owner at no cost. If you need to borrow more than the amount already covered by existing deeds, new mortgage deeds must be issued. Lantmäteriet charges 2 percent of the value of the new deed, plus an administrative fee of SEK 375.

These costs can’t be added to your mortgage and must be paid using your own funds.

If you’d like help arranging title registration and mortgage deeds, we charge an administrative fee of SEK 750, in addition to the fees charged by Lantmäteriet.

If you’re both buying and selling, it’s important to carefully consider your situation based on your own circumstances. When planning your budget for a new home, base your calculations on the lowest price you would be willing to accept for your current property.

If you’re able to sell first and buy afterwards, you’ll know exactly how much you have to work with. Keep in mind that when buying a house, additional costs may apply, such as title registration and mortgage deeds (the legal security for your mortgage).

Deposit loan

You’ll usually need to pay a deposit shortly after signing the purchase agreement for your new home. If needed, we can help with a loan for the deposit, which you repay on completion day.

The deposit is typically 10 percent of the purchase price and is paid to the estate agent, who holds the funds in a client account until the transaction is completed.

Bridging loan

If you move into your new home before selling your current one, you may temporarily need a bridging loan.

The proceeds from your sale are usually used to pay for your new home. However, if you haven’t received the funds by completion day, we can offer a bridging loan. You repay the loan as soon as you receive the money from the sale of your property.

Tip

If you’re unsure how much you’ll get from selling your home, it can be a good idea to delay the completion date of your new purchase to give yourself more time to sell.

Whether you choose to buy or sell first, it’s often wise to set a completion date further ahead (typically 3 to 6 months). This gives you more time to sell your current home or find a new one—and reduces the risk of owning two properties at the same time.