Get a home loan with someone you can trust

New home in just 10 steps

1. Consultation
   
   Apply for a free consultation about the home loan either remotely online or in person at a branch of SEB. Please indicate information about the house you wish to buy and your financial possibilities in the application form so that we can discuss your needs and financing solutions more thoroughly during the consultation.
2. Property evaluation
   
   Acquire property evaluation. When purchasing property in the new projects (LAT) of our partners, the evaluation might already be prepared. However, in most cases a certified real estate valuer needs to prepare the evaluation.

3. Loan application

   Submit the loan application.

   Additionally provide:
   - Property evaluation
   - The printout of the bank account for the past 6 months (if your income is not transferred to the account with the SEB) 
   If necessary, your customer executive might ask you for documents that relate to your income or are needed to evaluate the granting of the loan. Please provide accurate and complete information in the application so we can evaluate your ability to repay the loan and make a decision on granting the loan.

4. Bank’s offer
   
   Evaluate the terms and conditions of the loan offered to you according to the goal and collateral specified in your application. Before signing the agreement, please consult your customer executive if you have any uncertainties regarding the offered terms and conditions. 

5. Signing the loan agreement
   
   Sign the loan and pledge agreement with SEB. To reduce the risks related to home loan repayment, we suggest using loan payment insurance. You can open a business account to ensure a safe transaction of purchase and sale.

6. Signing documents at the notary
   
   Sign the purchase agreement with the seller of the property, and signature of the request for corroboration at the notary who certifies documents to be submitted to the Land Register. You can use the remote video conference with the notary for signing the documents. 

7. Registration of the ownership rights and mortgage in the Land Register
   
   Submit the documents to the Land Register. If you signed the documents with the seller of the property at the notary by using the remote video conference, the notary can submit the documents to the Land Register electronically for you. 
8. Real estate insurance
   
   Purchase a home insurance policy for the pledged property in SEB. A special insurance offer is provided when purchasing the policy from our partner If Insurance. You can conveniently calculate and purchase an all risk home insurance policy with a low monthly payment by visiting the internet bank section: Insurance – Home insurance. 
9. Loan disbursement
   
   As soon as the Land Registry judge registers your ownership rights and the bank’s mortgage, your customer executive will make sure that the loan is disbursed to you as soon as possible. 
10. New home!

    
    Congratulations on your new home!

    If you wish to change repayment terms and conditions after the loan disbursement, please submit an application in the internet bank. 

Altum guarantee for families with children

With a state guarantee financing can reach up to 95% of the real estate market value. Altum programme’s state guarantee is available for families with dependent children up to the age of 23 (inclusive).

Guarantee recipients

Families with dependent children aged up to 23 years or during pregnancy.

The guarantee can be increased up to 5% (but no more than 5,000 euros) if you buy or build A class or nearly zero energy house.

Guarantee fee 

2.5% of the guarantee amount, one time payment

Guarantee amount

If the real estate is located in the administrative territory of the city of Jūrmala, the city of Riga and the counties adjacent to the city of Riga (Mārupe county, Olaine county, Ķekava county, Salaspils county, Ropaži county, Ādaži county):

• 1 child or during pregnancy: 5% – 10% of the loan amount (up to 10 000 euros)
• 2 children (or 1 and pregnancy): 5 – 15% of the loan amount (up to 15 000 euros)
• 3 children (or 2 and pregnancy): 5 – 20% from the loan amount (up to 20 000 euros)
• ≥4 children (or 3 and pregnancy): 5 – 30% of the loan amount (up to 30 000 euros)

If the real estate is located outside the above-mentioned areas:

• 1 child or during pregnancy: 5%-30% of the loan amount (up to 30 000 euros)
• 2 children (or 1 and pregnancy): 5%- – 40% of the loan amount (up to 40 000 euros)
• ≥3 children (or 2 and pregnancy): 5%- – 50% of the loan amount (up to 50 000 euros)
   

How to obtain the guarantee

1. Submit documents at SEB
2. SEB sends documents to ALTUM
3. ALTUM informs SEB about guarantee provision

Guarantee fee: 2.5% of the guarantee amount, one time payment

Required documents*

• birth certificate/-s of the child/children;
• a document with the reference on declared place of residence of the borrower and child/children;
• the reference on the minor persons in the family's custody (submitted if the borrower hasn't been indicated in the child's birth certificate as the mother or father, or a child/children is/are of age 18 -23);
• an entry from inpatient or out-patient medical card of the patient that confirms pregnancy (if the father is applying for the guarantee and the mother is not involved as a co-borrower, the entry must be submitted together with the mother’s consent to its use).

*  Data processing is primarily intended for receiving the service as defined by the Privacy Policy.

Subsidy “Balsts” for families

Free financial support for the purchase or construction of a house for families with three or more children and regular income, and for persons with dependent children with disabilities or dependent persons under the age of 24 with group I or II disabilities.

Subsidy recipients

Families with three or more children (or two children and pregnancy);

Persons with dependent children with disabilities or dependent persons under the age of 24 with group I or II disabilities.

Requirements for subsidy:

• family's average gross income per family member during the last calendar year does not exceed 17 000 EUR;
• borrower is a resident taxpayer;
• borrower does not own another living space;
• borrower previously has not received Support subsidy;
• purchase amount does not exceed 300 000 EUR;
• persons living together with at least one dependent minor child with disabilities, or an adult person under the age of 24 with group 1 or 2 disabilities, provided that the transaction amount does not exceed 300 000 EUR.

Subsidy amounts

• if there are three children in the family (or two children and pregnancy)
• 8 000 EUR - if there are three children in the family (or two children and pregnancy)
• 10 000 EUR, if:
  • if there are three children in the family (or two children and pregnancy) and a nearly zero energy house* is being purchased or built
  • if there are more than three children in the family (or three children and pregnancy)
• 12 000 EUR - if there are more than three children in the family (or three children and pregnancy) and a nearly zero energy house* is being purchased or built
• 8000 EUR or 10 000 EUR (if home meets the requirements of a nearly zero energy house) for persons living together with at least one dependent minor child with disabilities, or an adult person under the age of 24 with group 1 or 2 disabilities, provided that the transaction amount does not exceed 300 000 EUR.

*You can verify the house energy performance certificate in the Building information system’s House energy performance certificate registry (in Latvian).

Subsidy can be received with or without the Altum guarantee by applying for a mortgage loan for home purchase or construction.

The subsidy is used to pay for the purchase or construction of real estate.

Subsidy’s max amount cannot exceed 50% of the house purchase or construction amount.

Required documents***

• children birth certificates;
• a document with the reference on declared place of residence of the borrower and children;
• a document with reference on the minor persons in the family's custody**;
• an entry from inpatient or out-patient medical card of the patient that confirms pregnancy;
• SRS statement on compliance with the status of a domestic taxpayer (resident) in the last 12 months;
• document certifying the eligibility – a copy of the birth certificate of a child with a disability or an adult with group 1 or 2 disability, or a copy of another document certifying the legal status of the child or the person, and the copy of the disability document or the decision of disability issued by the State Commission of Doctors for Health and Working Capacity Expertise.

** Needs to be submitted if the borrower is not indicated in the child’s birth certificate as a mother or father, or if the child is an adult.

*** Data processing is primarily intended for receiving the service as defined by the Privacy Policy.

Altum guarantee for young professionals

Guarantee recipients

Young specialists from 18 up to 35 years of age

Required documents*:

• a document with the reference on declared place of residence of the borrower;
• a document certifying the borrower's education.

Guarantee amount

Up to 20% of the loan amount

Guarantee period

Up to 10 years

* Data processing is primarily intended for receiving the service as defined by the Privacy Policy.

Altum guarantee for soldiers of National Armed Forces 

Persons who are soldiers of the Latvian National Armed Forces, provided that the transaction amount does not exceed 300 000 euros.

Guarantee amount

The guarantee covers up to 25% of the principal loan amount but not more than 20 000 euros.

Guarantee conditions

Term up to 10 years.
Can be received repeatedly if the obligations under the previous guarantee have expired.

How to obtain the guarantee

1. Submit documents at SEB
2. SEB sends documents to ALTUM
3. ALTUM informs SEB about guarantee provision

Guarantee fee: 2.5% of the guarantee amount, one time payment.

Required documents*

A certificate of a valid professional service contract issued by the unit of the National Armed Forces, the Ministry of Defence or its subordinate institution where the soldier is serving. The certificate must be issued no earlier than one month before the submission of the guarantee application.

* Data processing is primarily intended for receiving the service as defined by the Privacy Policy.