Can foreign buyers get a mortgage in Montenegro?

Some Montenegrin banks lend to foreign buyers, but conditions are more restrictive than for residents.

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Typical features:

• Conservative loan-to-value (LTV) ratios - For example, Erste Bank typically offers 50% LTV on apartments but only 40% LTV on houses, meaning buyers need a 60% deposit for houses
• Requirement to document stable income, assets and creditworthiness
• Preference for buyers with some local connection (residency, employment or business presence)
• Requirement for a licensed valuation of the property being mortgaged  Because of these restrictions, many foreign buyers either:
  
  • Finance purchases entirely with cash
  • Borrow against assets or property in their home country instead of taking a local mortgage  

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Whether a loan is possible depends on your profile and the specific bank's policy at the time. Early conversations with banks or brokers are essential if you're relying on financing.