How much do you need to earn to get a mortgage?

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Towfiqu barbhuiya/

Obtaining a mortgage loan involves meeting a number of conditions. The earnings of the person applying for the money are also important. It largely depends on them, what amount you will get. How much do you have to earn to get a mortgage?

Earnings and the granting of a mortgage

The more you earn, the more money you can put towards your monthly mortgage payment. For this reason, banks take into account your financial situation and calculate your creditworthiness individually. There is no fixed limit from which you can apply for money. However, you have to reckon with the fact that the less you earn, the smaller sum you will get.

However, earnings are not the only factor that affects a person’s ability to get a mortgage. Also important are such issues as:

  • credit history,
  • your current expenses,
  • form of employment.

In a much better situation are people who work under an employment contract. Then the risk of a sudden loss of the source of income is much lower than when you are employed under a civil law contract or have a sole proprietorship. 

Even in a situation where you earn a lot, but have to face huge expenses on a daily basis, you may not get a very high loan. For this reason, each case should be approached individually. By far the most difficult to get a loan will be people earning the lowest national income. With average earnings you can usually count on the amount of about 250 thousand PLN. If you have children and have to support them additionally, you will probably get a smaller sum of money. For this reason, creditworthiness is calculated each time from the beginning.

How do I calculate my creditworthiness?

The creditworthiness is calculated by the bank during the formalities for granting the loan. There is also the option of using online calculators. They allow you to find out the expected amount you will get from a given bank, even before you go to the financial institution. Popular are comparison engines, such as This is an extremely convenient solution, allowing you to learn about the available proposals of at least a few banks.

It is important to remember that credit is usually taken for a period of at least several years. The longer the repayment period, the lower the individual installments. For this reason, even people who earn little can get the necessary money. In this case, however, you have to reckon with a rather long repayment period or a lower amount, which is not always enough to buy your own property. For this reason, many people choose to take out a loan with their partner or a family member who has a better credit rating and can help with the payments if necessary.

Main image: Towfiqu barbhuiya/

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