There is no impediment or legal impediment to prevent a foreigner from obtaining a mortgage, but there are some conditions to be followed There are two methods in Turkey:
Payment Plan from Construction Company
If you want to buy an apartment with credit from construction companies in Turkey
The payment plan is as follows;
– Down-payment (Determined by construction company)
– The remaining amount can be issued in installments
– You can apply for an installment if your age is between 25-70.
– You can buy property with installments from construction companies with currencies like: Turkish Lira, Euro and Dollar.
– Payment terms vary between 1 to 5 years.
Bank Loan from Turkish Banks
You need to collect the documents shown below for the bank loan from Turkish banks application:
– Document for address verification (Residence Permit)
– Photocopy of the title deed of the house to be purchased
– Tax ID (You can obtain this document from the tax office.)
– Certificate of salary with apostille (must be translated into Turkish or English by a sworn translation office with apostil approval)