Last year we helped over 12,000 young people into their own home. Will you be next?
At DNB, we have what we call the Ung billion. It gives us room to say yes in more cases for young home buyers. Perhaps you lack a bit of equity, or need us to look at your finances holistically. Start by applying for a non-binding mortgage certificate – many are closer to owning their own home than they think.
Not a customer of DNB? Apply hereDNB helps you into the housing market
The Ung billion
An easier route into the housing market
With the Ung billion, you can get a mortgage even if you lack some of the equity for the purchase.
The bank's best home loan rate
First home loan
Ready to take the step into the housing market? With a first home loan, you get a lower interest rate.
Dedicated advisers for young people
Talk to us
At DNB you get specialist advisers for young home buyers. Ask them about anything you are wondering about.
What do you need?
The housing market can be tough, but at DNB you will find solutions. Ung (Young Adults) advisers help you, whether you need a mortgage through Ung (Young Adults), home savings or are looking at options to buy a home with a friend loan or parental help.
Parental assistance
Many people help their children enter the housing market.
Learn more about your optionsBuying a home with a friend
It is easier to enter the housing market if you buy with a friend.
Check out friend loansBuying your first home
1. From saving to home purchase
Home savings for young adults
The BSU home savings scheme for young people is the best way to save for a home if you are under 34 years old. You receive our best savings rate and a tax deduction every year. The funds are locked for home-related purchases.
2. Test your borrowing capacity
Loan calculator
Wondering how much you can borrow for a mortgage and what you can afford to buy? Test your borrowing capacity in our calculator. It gives you an estimate – apply for a pre-qualification letter for a non-binding and accurate answer on what you can afford to buy.
3. Get visible proof of what you can afford to buy
Pre-qualification letter
When you need to buy a home, a pre-qualification letter is something you need. It is a confirmation from us at the bank of how much you can borrow and buy a home for. It is completely non-binding and necessary when you need to attend property viewings and participate in bidding rounds.
Are you buying a home together with someone? Then you apply for a pre-qualification letter together.
From moving away from home...
...to getting their first job
UngAkademiet
Get answers to what you are wondering about and what you did not know you should be wondering about.
UngAkademietHow much money do I need to buy my own home?
When you are buying a home, you need equity. This is the money you must provide yourself when purchasing a home – in other words, the part of the purchase price that is not covered by the mortgage.
As a general rule, you must have at least 10% of the purchase price in equity. This means that the bank can usually lend you up to 90% of the property's value. If the property costs NOK 3,000,000, for example, you need NOK 300,000 in equity.
In addition, you must remember that you cannot borrow as much money as you wish. This is because the more money you borrow, the higher your income must be to cover the loan's monthly costs. In Norway, for example, there is a requirement that you can borrow a maximum of five times your annual income.
As a young customer of DNB, there are still opportunities to buy a property, even if you are short of some of the equity. In addition to our own advisers who specialise in young people and their finances, we have what we call the Ung billion. With this scheme, we can in some cases waive parts of the equity requirement, so that you can enter the housing market even if you have not yet saved up the full amount for the home purchase.
More benefits you have as a young adult at DNB
Ung (Young Adults) customer programme
Are you between 18 and 28 years old? Then you can order Ung (Young Adults). Here you get your own benefits and products adapted to you as a young adult.
Bank and credit cards at no cost
Cards for young people have no annual fee at DNB.
Going travelling?
Did you know that you can get travel insurance included as a DNB Ung (Young Adults) customer with us?
Price example mortgage Ung (Young Adults)
Nominal floating interest rate from 5.24%, annual percentage rate of charge (APRC) from 5.44%. Annuity loan NOK 2 000 000 o/25 years with monthly payment NOK 12 038. The total amount payable would be NOK 3 614 590 made up of the loan amount plus interest of NOK 1 614 590.