1. Loan-to-Value (LTV) Borrowing Caps
Andorran banks typically finance up to 80% of appraisal value for fiscal residents, and 60% to 70% for international non-resident buyers.
Tax & Finance Principality of Andorra Official Sources Cited
Mortgages in Andorra Guide: Bank Financing, LTV Caps, and Calculator
Securing an Andorran mortgage through Morabanc, Creand, or Andbank: statutory borrowing limits, underwriting criteria, and monthly repayment math.
Calculadora d'Hipoteca
Andorra Banking Standard
Andorra Mortgage Repayment Calculator
Estimate your monthly mortgage payments based on Andorran banking criteria (residents up to 80% LTV, non-residents up to 70%).
550.000 €
20% (110.000 €)
3.50%
25 years
Estimated Monthly Payment
2.203 €/mes
Loan Amount:440.000 €
Loan-to-Value (LTV):80%
Total Interest Payable:220.823 €
Arrangement Fee (~1%):4.400 €
Total Loan Repayment:660.823 €
This calculator provides indicative estimates for informational purposes only and does not constitute a formal loan offer, financial advice, or bank commitment. Final lending terms are subject to credit approval by Andorran banking institutions (Morabanc, Creand, Andbank).
2. Debt-to-Income (DTI) and Underwriting Standards
Underwriters require your monthly debt service not to exceed 35% to 40% of certified net monthly earnings.
Frequently Asked Questions
Statutory and practical answers compiled according to Andorran regulations.
Q. Can non-residents get an Andorran mortgage?
Yes, international buyers can secure financing, provided they put down at least 30% equity plus closing costs.
Q. What currencies are Andorran mortgages denominated in?
Mortgages in Andorra are denominated exclusively in Euros (€).
Official Primary Sources
Information synthesized from official publications of the Principality of Andorra: