Loan to purchase a newly built home in an approved housing project

This loan can only be used to purchase a newly built home in a housing project approved by Husbanken. The developer applies to Husbanken for approval before construction begins. Only housing projects approved by Husbanken offer financing through Husbanken.

Property advertisements and sales brochures will normally state whether financing through Husbanken is available once the project has been approved. If you are unsure, please contact the estate agent or the developer.

When completing your loan application, you will be presented with a list of approved housing projects. You must select the project in which you intend to purchase a home.

Whether you are eligible for a loan from Husbanken – and how much you can borrow – depends on your financial situation.You must have sufficient income to service the loan while still having enough money to cover your other living expenses.

You must have equity

Depending on the housing project, you must provide either 10 or 15 percent of the purchase price as equity. Equity is the money you contribute yourself towards the purchase of your home.

Why are there different equity requirements?

Until the end of 2024, all housing projects required buyers to provide 15 percent equity. From 2025, this requirement was reduced to 10 percent.

For housing projects approved by Husbanken from 2025 onwards, you must provide at least 10 percent of the purchase price as equity. However, for projects approved before 2025, the minimum equity requirement remains 15 percent.

Try our loan calculator

Before applying, we recommend using our loan calculator. It provides an estimate of how much you may be able to borrow. The exact loan amount can only be determined after you have submitted your application and we have processed it.

You must provide documentation of your equity and any outstanding debt.

Depending on your answers in the application, you may be asked to upload:

• a bank statement or a screenshot from your online banking showing your equit
• a repayment schedule or a screenshot from your online banking showing your outstanding debt, interest rate and monthly repayment amount (if you have existing loans)
• a signed purchase agreement (if available)
• a property valuation or electronic valuation (if you are selling a property to finance your purchase)
• loan documents from your bank (if you are taking out another loan to finance the purchase)
• a declaration from the donor (if you are receiving a gift or an advance on an inheritance)

We will assess your application as soon as possible. Processing times normally range from three to six weeks, depending on the number of applications we are processing.

If any required documentation is missing, processing may take longer.

You can log in to upload additional documents, view previously submitted information or notify us of any changes.

If Husbanken approves your application, we will send you a loan offer to your digital mailbox. The offer letter will also explain the next steps, including how to sign the agreement, relevant deadlines and any additional documentation we require.

The loan will be disbursed once the home is completed and Husbanken has received and approved all required documentation. A home is considered completed when a temporary occupancy permit or a certificate of completion has been issued, if such documentation is required.

If you would like to submit your application on paper, you can download and complete the application form and send it, together with the required supporting documents, to the Housing Bank.

You may submit the application through our digital submission service or send it by post to:

• Husbanken, Postboks 1404, 8002 Bodø

Download the application form

Loan application for private individuals – (PDF in Norwegian)