Understanding the Italian mortgage system.
If you are in need of a mortgage and are slightly baffled with applying for a mortgage in Italy, then here are a few of the initial queries answered for you and to help you start your search and guide you through the process.
In Italy the maximum age of the ‘borrower’ at the time of the mortgage extinction is 76 years old and the maximum duration of a mortgage is 10 years.
The maximum amount of the mortgage is usually equal to 50% of the price of the purchase price although occasionally there can be exceptions.
For obtaining a mortgage, the ‘borrower’ must submit valid documents alongwith a declaration of family status.
Documents required:
Passport
Codice Fiscale (Italian tax code)
Original Country tax code
Last two tax returns
Last 3 paychecks
6 months of bank statements
All documentation produced must be accompanied by a translation into Italian carried out by an Interpreter authorised by the Court or by the Consulate/Embassy of the Country belonging i.e. Italy
The economic conditions for a non resident in Italy are the same as for Italian customers and the rates of mortgages, fixed and variable, differ on a monthly basis but in general there is a 3.75% rate on Fixed mortgages while the rate on variable mortgages can be +1.25fixed and variable rates.
The length of time from start to acquiring the mortgage can be as short as one month to 40 days, if the property has already been thoroughly checked (Acts of Origin, Views, Plans, APE and Purchase Proposal/Final Purchase agreement) and then with the ‘borrowers’ provided (translated) documents.
The process would take longer if all the checks need to be carried out.
Once the ‘borrower’ has met with the mortgage lender, broker and sign the privacy agreement, then the process can proceed with or without the presence of the ‘borrower’ as long as there is a special Power of Attorney in place.
Team, 31/07/2026 16:21:09
