Top 18 Mortgage Brokers in Germany

Buying property in Germany is an exciting step, but navigating the mortgage process can feel a bit daunting, especially in a foreign country. However, with the right information and support, securing a mortgage in Germany as a foreigner is entirely possible. Understanding the local banking system, preparing the necessary documents, and working with experienced mortgage brokers can simplify the process and help you achieve your dream of owning property in Germany.

That’s why enlisting the help of a professional can come in handy. We’ve compiled a list of the 18 best mortgage brokers in Germany to help you make your dreams a reality. Let’s check them out.

Our List of the Best Mortgage Brokers in Germany

When choosing a mortgage broker, it’s essential to consider their experience in the market, range of mortgage options, transparency of fees, and the level of customer service they provide. We looked for brokers with a solid track record, flexibility in loan offerings, and a clear, straightforward application process. 

Top Mortgage Brokers in Berlin

Hypofriend, also known as ‘’Germany’s Clever Mortgage Broker’’, has been operating in Berlin since 2017 and giving stellar mortgage advice to its clients. The company prides itself on helping borrowers understand the rationale behind each mortgage option. Its smart mortgage recommendation engine gives access to more than 750 lenders, which lets Hypofriend find the best possible, tailored mortgage solution. 

For over 20 years, Your German Mortgage has been helping Berliners and expats alike in their bid to secure the finances for their real estate needs. In 2020, the company helped over 8,000 clients find financing, all of which amounted to up to 20 million euros. It’s under the umbrella of MLP, which has been evaluated by the FAZ Institute as one of Germany’s best client advisors, so you can be sure you’ll be getting the best possible customer service.

Not to be confused with Your German Mortgage, My Mortgage Germany focuses on helping expats and international clients achieve their real estate dreams. They guide the borrowers through every step of the mortgage process and make sense of all the paperwork. The clients are especially impressed with the agents’ availability and their willingness to go the extra mile. 

For over three decades, Hüttig & Rompf has been a go-to mortgage broker for Berliners. Known for its personalized approach, the company offers a detailed analysis of client’s financial situations to find the most suitable financing options. Hüttig & Rompf has over 20 branch offices across Germany and a huge national reach. 

Last but not least, German-Mortgage.de offers a streamlined, client-focused mortgage experience, combining access to over 400 banks with the market power of a leading platform handling more than 10,000 financing transactions annually. With state-of-the-art, encrypted systems for secure document submission and features like automated account inquiries, the process is made as convenient and stress-free as possible. 

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Top Mortgage Brokers in Munich

Interhyp, Germany's largest private mortgage broker, has been a leader in the industry for over 20 years. Founded by former bankers in Munich, it now operates over 100 locations nationwide and employs around 1,700 staff members. Interhyp distinguishes itself by offering tailored financing solutions, comparing conditions from over 500 lenders, which has resulted in over one million satisfied customers and multiple awards.

Baufi24 has over 60 branches across the country, including Munich, and provides tailored real estate financing solutions. It leverages its extensive network to compare interest rates from over 500 banks, ensuring clients receive the best possible terms for their projects. The company takes a comprehensive approach by evaluating all available funding opportunities and considering each client's unique financial situation, supporting them throughout the journey to homeownership and beyond.

MF Immofinanz is located in Haimhausen, near Munich. They provide personalized financing solutions for homebuyers and property investors across Munich and Upper Bavaria. With access to over 500 banking partners, they secure competitive mortgage rates tailored to client’s needs, offering expert guidance and support throughout the entire financing process.

Whether you’re purchasing your first home, building a property, or refinancing an existing loan, Südhyp works with a network of up to 400 banks to find the best mortgage solutions for your unique circumstances. Their expertise ensures a smooth and straightforward journey to achieving your real estate goals.

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Top Mortgage Brokers in Hamburg

Engel & Völkers Finance Germany GmbH, established in 2014 in partnership with Berlin Engel & Völkers licensees and FAP, is renowned for its exceptional service in real estate financing. Based in Hamburg, the firm combines speed, customization, and expertise to effectively establish itself in the market, becoming officially known as Engel & Völkers Finance Germany GmbH in 2019. 

With a growing network of financial advisors, banks, and industry experts, Engel & Völkers Finance ensures the best possible financing solutions tailored to each client's needs without complications.

LoanLink24 is a subsidiary of the aforementioned Baufi24, and is headquartered in Hamburg. It’s known as Germany’s first digital mortgage broker, catering specifically to international customers by providing services in English. LoanLink24 stands out by offering fast and personalized mortgage solutions, comparing conditions and interest rates from over 400 banks to ensure their clients receive the most suitable offers with minimal bureaucracy. 

Heureka compared deals from over 1000 banks to find the best mortgage offers for their clients in Hamburg. With over 15 years of industry experience, their approach is transparent and customer-focused. Their focus is exclusively on real estate financing, so you can rest assured that you’ll be working with a focused and expert mortgage broker.

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Top Mortgage Brokers in Frankfurt

FINANCEDOOR is an independent mortgage broker in Frankfurt, known for offering personalized and unbiased financial advice due to its independence from specific banks or insurers. The firm provides comprehensive mortgage solutions and tailored recommendations. It’s a solid choice if you’re looking for reliable support in property financing in the territory of Frankfurt. 

From Berlin to Frankfurt, Hüttig & Rompf remains a trusted name in the world of mortgage brokerage. Their deep focus and extensive experience make them a go-to choice for personalized, professional mortgage advice. This dedication ensures clients receive expert guidance tailored to their needs.

Philipp Wolk is a seasoned mortgage broker, specializing in real estate financing within the Rhein-Main region. The company offers clients access to a vast network of over 500 banks, ensuring tailored financing solutions for various needs, including new projects, refinancing existing loans, or providing second opinions. Clients are able to relax and trust that their financing is in expert hands.

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Top Mortgage Brokers in Cologne

With over 70 years of experience, Dr. Klein Privatkunden AG offers personalized and independent advice, collaborating with around 600 banking partners to secure optimal financing solutions for their clients. In Cologne, their office is located at Breite Straße 100, from where they provide local expertise and tailored services to meet the specific needs of the region's residents.

UFKB (Unabhängiger Finanz- und Kreditberater) is an independent financial and credit advisory firm based in Cologne. Established in 2001, they emphasize contemporary, needs-based, and customer-oriented financial consulting, offering both in-person and online appointments to accommodate clients' preferences. UFKB specializes in mortgage financing and has over 22 years of consulting experience. 

HausunZins is a top choice in Cologne due to their strong background in banking and close connections to top lenders, they take the hassle out of finding the perfect mortgage. Whether you’re buying a home or investing in property, they guide you through the entire process, offering tailored financing options that fit your goals.

Visit their websites from the table below.

5 Benefits of Getting a Mortgage Broker in Germany

Getting a mortgage in Germany can be tricky, especially with interest rates bouncing around. In August 2024, the bank lending rate dropped to 5.48% from 5.57% in July—still quite a jump from the all-time low of 1.76% back in October 2021. 

With the average rate hovering around 3.62% over the past couple of decades, it’s clear the market can change fast. That’s where a good mortgage broker (or  Immobiliendarlehensvermittler) can be your best ally. 

Here’s exactly why it’s so beneficial to hire a broker in Germany:

1. Expert guidance: Brokers are knowledgeable about Germany’s changing mortgage market, trends, and regulations. They’ll help you navigate it with ease.

2. They have access to a wide network of lenders: Mortgage brokers work with a wide range of banks and lenders, so they can offer you more options than going to one institution would.

3. Tailored loan options: Brokers assess your entire unique situation when looking for options. You’ll get a mortgage strategy tailored to your needs.

4. Time-saving: Brokers handle the legwork of researching, comparing, and negotiating loans, meaning you can spend your time on other things.

5. Negotiation power: With their expertise and lender connections, brokers can often secure better interest rates and terms.

Different Mortgage Types in Germany

In Germany, there are several types of mortgages designed to fit various financial needs and preferences. 

• Fixed-Rate Mortgage: The interest rate stays the same throughout the loan term, offering stability and predictable monthly payments. Ideal for those who want security against fluctuating rates.

• Variable-Rate Mortgage: The interest rate adjusts based on market conditions, usually reviewed every three or six months. This can lead to lower rates at times but comes with the risk of higher payments if rates increase.

• Capped-Rate Mortgage: Offers an adjustable rate with an upper limit that the rate cannot exceed. It provides a balance between fixed and variable options for those seeking some flexibility.

• Repayment Mortgage: Monthly payments include both interest and principal, gradually reducing the loan amount over time.

• Interest-Only Mortgage: Borrowers pay only the interest initially, resulting in lower monthly payments, but the principal must be paid at a later date.

The Process of Getting a Mortgage in Germany

Here’s a step-by-step guide on how to get a mortgage in Germany. Germany is known to be a stickler for paperwork and procedure, so make sure to respect each step exactly. 

1. Check Your Eligibility

Before starting your mortgage journey, it’s important to check if you meet the basic eligibility criteria set by German lenders. Generally, you’ll need proof of stable income, a good SCHUFA (credit score), and, in most cases, a residence permit. Non-residents can still apply, but requirements may vary, and interest rates might be higher. Consulting with a mortgage broker can help clarify your specific situation.

2. Evaluate Your Finances

Understanding your financial situation is key. Review your income, monthly expenses, existing debts, and savings to determine how much you can afford to spend on a property. Most lenders in Germany require a down payment of at least 20% of the property’s value, so plan your savings accordingly. Also, keep in mind additional costs like notary fees, property transfer taxes, and real estate agent fees, which can add up to around 10-15% of the purchase price.

3. Prepare the Necessary Documentation 

Gather all required documentation before applying to streamline the process. Common documents include proof of income (e.g., pay slips and bank statements), identification (passport or ID card), SCHUFA report, proof of residency, and, for non-residents, a valid residence permit. Self-employed individuals will need additional documents like tax returns and business financials.

4. Get Pre-Approved

Obtaining a mortgage pre-approval gives you a clear idea of how much you can borrow and shows sellers that you are a serious buyer. This step involves submitting your financial documents to a lender for preliminary review. Pre-approval doesn’t guarantee final approval but does provide a reliable estimate of your borrowing capacity.

5. Look for the Property

Once pre-approved, you can start house hunting with confidence. Consider factors such as location, property size, and future potential when selecting a home. Working with a real estate agent familiar with the local market can make this step more efficient and insightful.

6. Submit Your Mortgage Application 

After finding your ideal property, the next step is to formally submit your mortgage application. This involves completing the lender’s forms and providing the full set of required documents. Make sure everything is accurate to avoid delays in the approval process.

7. Arrange for Property Valuation 

Lenders will often require a professional valuation of the property to ensure that its market value aligns with the loan amount. The cost of this valuation is usually borne by the buyer. If the property is valued lower than expected, the lender might adjust the loan terms, so make sure to set realistic expectations.

8. Receive Your Mortgage Offer

Once the lender has reviewed your application and valuation, they will issue a mortgage offer outlining the terms and conditions. Read the document carefully and consult with your mortgage broker or financial advisor if you have questions. Ensure the offer meets your financial needs before proceeding.

9. Seal the Deal 

If you accept the mortgage offer, the next step is to sign the purchase contract. This is typically done with a notary, who ensures the contract is legally binding and the property transfer is registered. After this, the lender will disburse the loan amount, and the property will officially be yours once all formalities are completed.

FAQ

Here are some of the most commonly asked questions which can shed some further light on the subject.

Can I get a mortgage in Germany without a permanent residence permit?

Yes, you can get a mortgage in Germany without a permanent residence permit, but the requirements are often stricter. Lenders may ask for higher down payments or charge higher interest rates. Consulting with a mortgage broker can help you navigate these specific conditions and identify suitable lenders.

How do I know if the property valuation is fair?

You can know the property valuation is fair by hiring an independent appraiser in addition to the lender’s valuation. Research comparable properties in the area to understand market trends. Consulting real estate agents or brokers can also provide valuable insights into whether the valuation reflects current market conditions.

How can I improve my SCHUFA score?

You can improve your SCHUFA score by simply paying bills and loan installments on time, limiting credit inquiries, and avoiding taking on unnecessary debt. Regularly checking your SCHUFA report for inaccuracies and disputing any errors can also help maintain a good score.

Conclusion

Securing a mortgage in Germany might seem like mission impossible as you dive into the world of paperwork, bureaucracy, and all those numbers. With the right preparation and expert guidance, it becomes much more manageable. Mortgage brokers are an ideal solution for first-time buyers and experienced investors alike.

Getting a mortgage in Germany as a foreigner can be a complex process, but with the right guidance and preparation, it's entirely achievable. Partnering with a trusted mortgage broker like Kredium ensures that each stage of the journey is simplified, tailored to your needs, and handled with utmost care. We offer a streamlined mortgage process, as well as comprehensive real estate services. Register with us today and we’ll make sure that any mortgage-related stress is ancient history.

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