Buying a house with NHG (national mortgage guarantee). What is it and am I eligible for it?

Expat mortgage

Buying a house with NHG (national mortgage guarantee)

In case you apply for a mortgage with NHG, you will have lower risks in case of any unforeseen circumstances that can lead to missing payments. We will explain more about how it works.

What is National Mortgage Guarantee (NHG)?

It is unique in Europe and gives you the opportunity to take out a responsible and affordable mortgage. In case some unforeseen circumstances take place and you are no longer able to meet your payments, NHG provides you with a safety net. In short, it helps you to lower the risks of a mortgage. And because the risk for the mortgage provider is also decreased in case of an NHG mortgage, the mortgage providers offer you a lower interest rate.

If you are eligible for a mortgage with NHG, the following terms are important:

The purchase price of the house may not be higher than €405.000 (in 2023)
You can only choose between a lineair or annuity type of mortgage
You need to pay a small NHG fee of 0,6% of the purchase price of the house, at the start of your mortgage

The most important benefits of a mortgage with NHG:

In case you take out a mortgage with NHG you know for sure the mortgage is affordable based on your income. In this way you always have enough money left, after paying your mortgage, for other bills and for savings.
Unforeseen cirumstances can always take place, for example your partner
suddenly passes away or your relationship ends, and this can lead to financial issues. With NHG you are always ensured of support in these kind of situations.
Mortgage providers have lower risks in terms of an NHG mortgage, which means they can offer you a lower interest rate.
In case you need to sell the house with a debt, under the right circumstances
NHG fills up the gap.

Do you want to know more about NHG? Check out their website.
Do you want to learn more about the conditions & norms of NHG you can check out the following document.

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