Before embarking on the multi-year adventure of a mortgage to buy a house, it is good to have clear ideas and know exactly what you're getting into. If you're planning to buy a property and therefore take out a mortgage in Italy, there are a few things it is good to know before contacting the bank. Whether you're a resident in Italy or are looking for an Italian mortgage as a non-resident, to help you on your way, here are 5 questions to ask yourself before taking out a mortgage in Italy.
Can I get a mortgage in Italy?
The conditions for applying for a mortgage in Italy are usually in place to prove that you are able to repay the loan in the agreed time. The bank will then assess your, the borrower's, creditworthiness. To get a mortgage in Italy, you must either have a demonstrable income or provide adequate guarantees.
Can a foreigner get a mortgage in Italy? Foreigners can take out a mortgage in Italy: if you're fully registered as a resident in Italy and pay your taxes in the country, you will be treated like any other Italian. On the other hand, if you're a non-resident in Italy, you can still take out a mortgage but it's important to be aware that the conditions in some Italian banks may be stricter.
How much can you ask for a mortgage in Italy?
Banks usually grant up to 80% of the value of the property, which is determined by an independent valuation carried out by a surveyor. This is the case for residents in Italy, who in some cases can also get mortgages up to 100% of the value of the property. Italian mortgage rates for non residents are often not as favourable, and the percentage of money the bank will loan is often lower, generally a maximum of 60-70%.
What mortgage can I afford?
Before applying for a mortgage it is important to know your income and how much you can afford to pay each month. Banks in Italy usually state that your monthly mortgage payments should not exceed one third of your disposable income, while the rest will be used for the borrower's other expenses and savings.
How much will the mortgage cost me?
Remember that there are often extra costs when taking out a mortgage in Italy. The cost of the mortgage is given by the capital to which the interest to be paid to the bank as remuneration for the loan must be added. All ancillary charges and expenses must then be considered; it is usually a good idea to consult the annual percentage rate of charge (APR), which includes the interest rates plus the rates linked to the other expenses, giving the actual cost of the loan.
What mortgage term is appropriate?
The duration of the mortgage determines how much interest you will pay on the loan in total. For the same loan amount and interest rate, the shorter the duration, the higher the instalments, but the lower the amount of interest you will pay in the long term. Conversely, the longer the duration, the higher the amount due for interest but the lower the instalments and less pressure on your monthly budget in the short term.
- For more information on mortgages in Italy and to calculate your mortgage, head to idealista/mutui where you can find the best mortgage.
Ideas for renovating your home in Italy: tips and inspirations for every need
Buying a home in Italy and renovating it to suit your family's needs is a decision that should never be taken lightly. It’s all too easy to go from feeling overwhelmed to achieving complete satisfaction. This is because navigating the right approach to managing the renovation process without losing your sanity can be challenging. In this guide, we’ll offer simple ideas for renovating your home, breaking down each step you can take to turn your house into the home of your dreams.
How much money do you need to live comfortably in Italy?
Have you ever dreamed of settling down in the picturesque Tuscan countryside? Maybe you’re considering a career change with some of Milan or Rome’s top companies? Or perhaps you just want to spend your days sipping espresso and strolling through the ancient streets of Rome.
The Italian cities with the worst air quality according to Legambiente
The year 2030 is fast approaching, marking a significant shift in environmental sustainability within EU member states. Yet, according to Legambiente, there is still much to be done in Italy. The Mal'Aria 2025 report lists the worst Italian cities for air quality, identifying 25 cities that exceeded the legal limits for PM10 over the past 12 months. Here’s the list.
Flight bonus for Sicily and Sardinia in 2025: who Is eligible?
2025 brings good news for residents of Sicily and Sardinia, who will receive financial support to counter rising flight costs. In both regions, this bonus is becoming a permanent measure and includes a refund that varies depending on the region of origin and specific eligibility criteria. Let’s explore the details of this initiative and all the updates for the new year.
Do solar panels work in winter?
Will solar panels work in winter? This recurring question not only has an answer but is also accompanied by a series of tips to improve the efficiency of photovoltaic technology during the winter months. Experts from ENEA (Italy's National Agency for New Technologies, Energy and Sustainable Economic Development) have released a statement detailing various measures and good practices to adopt during the coldest season to maximise the performance of photovoltaic systems. Let’s find out more.
Tax incentives for foreign buyers in Italy
Italy has long been a dream destination for individuals seeking a blend of culture, cuisine, and scenic beauty. Beyond its lifestyle appeal, Italy offers a range of tax incentives for foreign buyers, making it an increasingly attractive location for international property investors. These incentives are particularly appealing to high-net-worth individuals and expatriates, offering substantial tax benefits and regional advantages.
