Mortgage Application Austria: The Complete Guide to Home Financing 2025

Advertising Notice: This article contains affiliate links to durchblicker.at. If you take out a contract through these links, we receive a commission. The editorial selection and evaluation of the content is not influenced by this.

Important Notice: This guide is for general information purposes only and does not replace individual financial advice. Loan terms can change at any time. Before taking out a loan, we recommend checking the current terms directly with the respective provider.

Mortgage Application: What You Need to Know

The dream of owning a home starts with a successful loan application. But preparation is key: A complete self-disclosure form and well-prepared documents can make the difference between approval and rejection.

The Self-Disclosure Form: The Heart of Your Application

What is a Self-Disclosure Form (Selbstauskunft)?

The self-disclosure form is a comprehensive document where you reveal your financial situation. It forms the basis for the bank's credit decision and contains:

• Personal data and family status
• Income details
• Existing assets
• Current liabilities
• Information about the property to be financed

Why is the Self-Disclosure Form So Important?

Aspect	Significance
Credit Check	Basis for creditworthiness assessment
Terms	Influences interest rate and term
Contract Design	Determines possible loan amount
Legally Binding	False information can lead to loan termination

KIM-V Requirements (since August 2022)

Before submitting an application, you need to know the new legal requirements:

The Three Most Important Rules

Criterion	Requirement	Note
Equity	At least 20%	Of purchase price including fees
Debt Ratio	Maximum 40%	Payment to net household income
Term	Maximum 35 years	Shorter term = less interest

These rules apply to all new residential property loans in Austria.

Complete Checklist: Required Documents

Personal Documents

• Valid photo ID (passport or identity card)
• Current registration certificate (not older than 3 months)
• Birth certificate
• Marriage certificate (if married)
• Proof of citizenship (for non-EU citizens)

Income Verification (Employees)

• Last 3 pay slips
• Pay slips with special payments (holiday/Christmas bonus)
• Current employment contract
• Employer confirmation of permanent employment
• Previous year's income tax assessment

Income Verification (Self-Employed)

• Income tax assessments from the last 3 years
• Annual accounts/balance sheets from the last 3 years
• Current business evaluation (BWA)
• Profit and loss statement
• Articles of association (for limited companies)
• Business registration

Asset Documentation

• Current account statements from all bank accounts
• Savings books and securities portfolios
• Building savings contracts
• Life insurance policies (surrender values)
• Property valuations (for existing ownership)

Liabilities

• Existing loan agreements
• Current account statements with loan balances
• Maintenance obligations
• Leasing contracts
• Guarantees

Property Documents

• Purchase contract or offer
• Land registry excerpt (not older than 6 months)
• Zoning and development plan
• Building plans (floor plans, sections)
• Building permit (for new construction)
• Energy certificate
• Utility value report (for apartments)
• Photos of the property

Cost Breakdown

• Purchase price
• Property transfer tax (3.5%)
• Land registry fee (1.1%)
• Notary costs
• Agent commission (if applicable)
• Renovation/refurbishment costs (if planned)

The Application Process at durchblicker

Step 1: Start Online Inquiry

Begin with a free online inquiry. You need:

• Desired loan amount
• Planned term
• Basic personal data
• Information about financing purpose

Step 2: Complete Self-Disclosure

Fill out the self-disclosure form completely and truthfully:

• Detailed income information
• All existing liabilities
• Assets
• Marital status and number of children
• Living situation

Step 3: Upload Documents

Upload all required documents digitally:

• Scans or photos in good quality
• PDF format preferred
• All pages complete

Step 4: Financing Consultation

A durchblicker financial expert:

• Reviews your documents
• Determines your financing capacity
• Obtains offers from over 60 banks
• Advises you on the best options

Step 5: Compare Offers

You receive:

• Multiple loan offers
• Detailed terms comparison
• Non-binding advice
• Recommendation for your situation

Step 6: Completion

Upon approval:

• Selection of the best offer
• Contract signing at the bank
• Land registry security
• Disbursement of loan amount

Common Reasons for Rejection

Avoid These Mistakes

1. Incomplete Documents: Missing documents delay or prevent processing
2. False Information: Inconsistencies lead to rejection
3. Too High Debt Ratio: Payment over 40% of net income
4. Too Little Equity: Below 20% is difficult
5. Negative Credit Entries: Unpaid bills or reminders
6. Fixed-term Employment: Difficult proof of income stability
7. Short Employment Duration: Less than 6-12 months with employer

How to Improve Your Chances

• Pay off existing loans before applying
• Save more equity
• Clear negative credit entries
• Wait for permanent employment
• Prepare all documents completely

Tips for a Successful Application

Before the Application

1. Create Household Budget: Know your monthly income and expenses
2. Calculate Equity: At least 20% plus ancillary costs
3. Get Credit Report: Check your creditworthiness in advance
4. Gather Documents: Have everything ready

When Filling Out

1. Truthful Information: Never exaggerate or conceal
2. Completeness: Fill in all fields
3. Currency: Use the latest documents
4. Clarity: Submit documents in an organized manner

After the Application

1. Stay Reachable: Check phone and email regularly
2. Answer Inquiries: Quickly and completely
3. Be Patient: Review may take several days
4. Compare Offers: Don't take the first one

Financing Alternatives

Building Savings Loan

• Favorable interest rates after saving phase
• Government subsidy
• Planning security

Housing Subsidy

• State subsidies vary by federal state
• Interest subsidies possible
• Property-related

Combination Financing

• Mix of bank loan and building savings loan
• Risk minimization
• More flexible design

Frequently Asked Questions

How long does processing a financing inquiry take?

With complete documents, you receive initial offers within a few days. The entire process until disbursement typically takes 4-8 weeks.

Can I get a mortgage without equity?

Since KIM-V (August 2022), at least 20% equity is required. Exceptions exist only in rare cases for long-term bank customers with excellent creditworthiness.

Does the inquiry affect my credit score?

A terms inquiry through durchblicker is usually "credit-neutral" and does not affect your score. An entry only occurs with a binding credit application.

What happens if my application is rejected?

You receive an explanation of the reasons. Often, a new application can be successful through improvement (more equity, paying off other loans).

Can I apply to multiple banks simultaneously?

Yes, and this is even recommended! Through durchblicker, you automatically receive offers from multiple banks without having to submit multiple applications.

Conclusion

Successful property financing begins with thorough preparation. Gather all documents, check your eligibility under KIM-V, and use a free comparison to find the best terms.

---

Disclaimer: The information in this article is for general guidance only and does not constitute financial advice. All information about interest rates, terms, and requirements is non-binding and may change at any time. For binding information, please contact the respective lenders directly. CheckEverything.at assumes no liability for the accuracy, completeness, or timeliness of the information.