Mortgage for Foreigners in the Czech Republic

Do you want to buy property in the Czech Republic but don’t have Czech citizenship? Don’t worry. Mortgages for foreigners are available! The key factors are your country of origin, your residence status in the Czech Republic, and your income. In this article, I’ll explain your options, what affects your approval chances, and what steps you should take to successfully get a mortgage in the Czech Republic.

🔁 This article is also available in Czech: Hypotéka pro cizince v ČR: Jaké jsou podmínky a jak ji získat

What Is a Mortgage for Foreigners?

A mortgage for foreigners is a regular loan used to buy, build, or renovate real estate, and it’s also available to people without Czech citizenship. However, banks usually assess foreign applicants more strictly – they look at your origin, residence status, your income, and they often require a higher down payment.

Top 3 Factors Factors That Determine Your Mortgage Approval

1. Country of Origin – Banks treat applicants differently based on whether they are from the EU, third countries, or “high-risk” countries. EU citizens are in the best position. Slovaks usually get mortgages without major issues. On the other hand, people from high-risk countries (like Vietnam, Ukraine, Russia, UAE, etc.) face more difficulties.

2. Residence status in the Czech Republic – Foreigners with permanent residency have the highest chance of approval. If you don’t have permanent residency, you will need to show stable and sufficient income from the Czech Republic.

3. Income and Its Source – Income from Czech employers is most trusted by banks. If your income is from abroad, you’ll need to provide more documents, possibly have them translated into Czech, and expect the bank to apply a reduction coefficient to your income due to exchange rates. Employees have an advantage. Self-employed applicants need to show 2–3 years of tax returns.

Who Has the Best Chance of Getting a Mortgage in CZ?

✅ EU citizen with permanent residency
✅ Employee with income from a Czech company and a full-time permanent contract
✅ Foreigner living in CZ for over 3 years, with proven income

Mortgage for EU Citizens

Most Czech banks offer mortgages to EU citizens without major restrictions – especially if they have temporary or permanent residency and earn income in the Czech Republic. Mortgages for Slovaks are now very common.

TIP: Banks like Česká spořitelna, ČSOB, mBank, or Raiffeisenbank accept EU applicants even without permanent residency – as long as they can show stable and documented income.

High-Risk Countries – Stricter Conditions

If you’re from a country considered high-risk by the bank (like Vietnam, Ukraine, Russia, UAE, etc.), be prepared that:

You’ll need to provide more documents
The bank will check your background more thoroughly
You might need to pay a larger down payment or find a guarantor
Some banks may reject your application altogether

Watch Out For

❗ Prove that you have stable and high enough income – ideally from the Czech Republic
❗ Check if your country is on the bank’s high-risk list
❗ Without permanent residency, you’ll need higher down payment
❗ Banks require specific documents, and the approval process may take longer
❗ It’s a good idea to work with a mortgage specialist who has experience helping foreigners

Summary: Can Foreigners Get a Mortgage in the Czech Republic?

Yes! Whether you are from the EU or not, mortgages for foreigners are possible if you meet the basic requirements. With permanent residency, income from the Czech Republic, and well-prepared documentation, you have a great chance of success.

Need help getting a mortgage? I’ll be happy to help you and guide you through the entire process smoothly.

👉 Don’t hesitate to reach out — I’m fluent in English.