For a third straight month now, we are pleased to report that mortgage rates remain unchanged. The conditions continue to be ultra-attractive to finance a project with a EURO mortgage.
With very low mortgage rates, lenders are rigorously applying the recommendation of the HCSF (Haut Conseil de Stabilité Financière) to keep the client’s debt to income ratio below 33% with a maximum mortgage duration of 20 years.
While applying stricter loan approval conditions, French lenders are also confronted with the obligation to provide financing with an acceptable usury rate (Maximum overall project rate beyond which banks are not allowed to grant a loan).
For real estate mortgages, the usury rate is releasing by the Banque de France every quarter. Our mortgage specialists can help you understand the latest lending criterion and anticipate the new compliance rules to determine the best solution available.
Current mortgage rates for March 2020
| Fixed rate(1) | Term | Monthly repayment
for 10 000€ borrowed |
|---|---|---|
| 0.75% | 10 years / 120 months | 86.52€ |
| 1.00% | 15 years / 180 months | 59.85€ |
| 1.20% | 20 years / 240 months | 46.89€ |
| 2.50% | 25 years / 300 months | 44.86€ |
(1) The indicated rates are given for information purposes and are based on the latest bank rates of one or more of our partners. The rates in the table above do not include the ancillary cost as notary fees, guarantees, insurance and intermediation.
Submit your request for information
With no commitment on your part, submit your detailed request in order to obtain the best financial solution for your project. Our French mortgage specialists will contact you within 24 hours.