Loan for home purchase with state guarantee | Luminor

A home loan with ALTUM housing guarantee comes with a smaller initial downpayment and makes buying, building or renovationg your dream home affordable and convenient. ALTUM housing guarantee can be used by a families or a young specialists.

0 EUR agreement fee*

0 EUR agreement fee*

Offer available for participants of ALTUM program

Initial downpayment from 5%

Initial downpayment from 5%

Up to 95% funding with ALTUM support

Is ALTUM program for me?

Is ALTUM program for me?

ALTUM guarantee is available up to 30% for families with children and up to 20% for young specialists

Beneficial for Class A energy home

Beneficial for Class A energy home

Amount of ALTUM guarantee is increased by additional 5% for Class A / zero energy housing


For families with children

  • for home purchase, construction or repair costs up to EUR 250,000.
  • with children up to and including 23 years of age or if you are pregnant

ALTUM guarantee term is 10 years. Amount of guarantee is up to:

  • 10 % from the principal amount of the loan, and not exceeding EUR 10,000, if there is one child in the family or if you are pregnant
  • 10 % to 15 % from the principal amount of the loan, and not exceeding EUR 15,000, if there are two children in the family or with one child and if you are pregnant
  • 10 % to 20 % from the principal amount of the loan, and not exceeding EUR 20,000, if there are three children in the family or with two children and if you are pregnant
  • 10 % to 30 % from the principal amount of the loan, and not exceeding EUR 30,000, if there are four children in the family or with three children and if you are pregnant
  • The guarantee amount is increased by 5 % if a loan is taken for the construction of housing that meets the energy efficiency class of buildings “A” or buildings with almost zero energy consumption.

For new specialists

  • young professionals under the age of 35
  • complete upper secondary vocational or higher education

ALTUM guarantee term is 10 years. Amount of guarantee is up to 20% from the principal amount of the loan, and not exceeding € 50,000

Representative example of a housing loan with ALTUM guarantee for families with children

Real estate price – EUR 70,000
Loan amount  – EUR 66,500
Initial payment – EUR 3,500
ALTUM guarantee – EUR 6,650 (10% of loan amount)
Loan maturity – 30 years
Agreement fee – EUR 0
Annual Percentage Rate – 2,4% (including floating rate share of 0% as of 01.07.2020. – changes every 6 months)
Bank account maintenance monthly fee – EUR 1 per month
Monthly instalment (360 times) – EUR 259
Payment for the registration of a mortgage in the Land Register – EUR 14,23
ALTUM comission fee – EUR 166,25 (2,5% of guarantee amount)
Annual Percentage Rate (APR) – 2,48%
Total amount payable – EUR 93,892

Representative example of a housing loan with ALTUM guarantee for young specialists

Real estate price – EUR 60,000
Loan amount – EUR 57,000
Initial payment – EUR 3,000
ALTUM guarantee – EUR 5,700 (10% of loan amount)
Loan maturity – 30 years
Agreement fee – EUR 0
Annual Percentage Rate – 2,4% (including floating rate share of 0% as of 01.07.2020. – changes every 6 months)
Bank account maintenance monthly fee – EUR 1
Monthly instalment (360 times) – EUR 222
Payment for the registration of a mortgage in the Land Register – EUR 71,23
Altum comission fee EUR 273,6 (4,8% of guarantee amount) + EUR 448,39 (4,8% annual fee of the remaining guarantee amount)
Annual Percentage Rate (APR) – 2,57%
Total amount payable – EUR 81,169

Become a customer remotely

How to purchase home with state guarantee?

1

Find out your loan options

Use the calculator or apply for consulation

2

Fill out the application

Fill out the application and get consultation on your loan options
After submitting all the necessary documents, you will receive a loan offer

3

Execute the required documents

  • Sign the loan agreement and arrange real estate insurance
  • Take care about the protection of your family by choosing the borrowe’s life insurance

4

Receive a loan

Submit documents to the Land Register office on the purchase of dwelling and the pledge registration
After the registration of documents, we will transfer the money for home purchase  

Necessary documents

  • Your pasport or eID card + birth certificate for every child below the age of 18
  • Proof of declared address of the credit recipient and his/her children (The statement can be downloaded from www.latvija.lv, if you register via our Internet Banking, or can be issued at any Citizenship and Migration Department (PMLP) or municipal department at the declared address of the credit recipient.)
  • State Revenue Service (SRS) report about dependents, if in their birth certificate the credit recipient is not stated as one of the parents
  • Account overview for the last 6 months (if you are not our client)
  • Appraisal of the real-estate property serving as a security deposit

State guaranteed loans offer great advantages!

See also: Become a customer, Loan for home purchase, Credit cards, Real estate insurance, Banking packages