Get an estimate of how expensive a home you can afford, based on your household's annual income and down payment.
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Norway's lending regulation sets two main limits on how much you can borrow for a home: the loan normally can't exceed 5 times the household's total annual income, and you normally need at least 10 % down payment of the home's purchase price (lowered from 15 % as of January 1, 2025). The calculator works out the limit from both requirements, and uses the lower of the two as the result.
If you have little down payment, the down payment requirement will often be what limits how expensive a home you can buy. If you have high income and little down payment, it can therefore pay off to save more before buying — the calculator above shows which of the two requirements is actually the binding one for you, and if applicable, how much more down payment is needed to reach the income cap.
The requirement of at least 10 % down payment is set in Norway's lending regulation (lowered from 15 % as of January 1, 2025) and is meant to contribute to financial stability, by giving home buyers a buffer if home prices were to fall. The requirement applies to most mortgages, with some exceptions for first-time buyers in certain cases.
The rule states that your total loan (including mortgage and other debt) normally shouldn't exceed 5 times the household's gross annual income. This is one of several requirements the bank must follow when assessing how much they can lend you.
Yes. The lending regulation's requirements are minimum requirements the bank must comply with, but the bank also does its own credit assessment based on ability to pay, other debt, fixed expenses and credit score. You may therefore get a lower loan offer than this calculation shows.