Is financing possible if I don’t yet have permanent residency?

Short answer: Yes—financing in Germany is possible even without permanent residency when you show stable income, 20 % equity and a valid temporary residence permit such as a Blue Card.

Financing without permanent residency in Germany is common among our expat clients: banks focus more on your repayment capacity than on your immigration status. A temporary permit—Blue Card, ICT transfer or work visa—meets the legal KYC requirement as long as its expiry date extends six months beyond the mortgage payout.

• Income proof. We collect three salary slips and your employment contract; freelancers provide two years of tax assessments.
• Equity & costs. Plan for 20 % down plus 10 %–12 % closing costs. Higher equity offsets the perceived visa risk and unlocks better rates.
• Credit file. A clean SCHUFA or foreign credit report keeps the debt-to-income ratio under 35 %—we translate and format the data for German underwriters.
• Lender choice. Roughly 120 of the 700 banks we track lend to non-permanent residents; we shortlist those and run scenarios in our mortgage calculator.

Once approved, the loan term can exceed your current visa length; you simply present the renewed permit at the next annual account review. We also add a clause allowing penalty-free sale if a future relocation forces an early exit.

Key take-aways:

• Banks accept Blue Card and work visas if income and equity are solid.
• 20 % down-payment, clean credit and low debt ratio raise approval odds.
• Finance for Expats matches you with expat-friendly lenders and handles renewals.