Mortgage in Georgia: Banks Overview and Requirements for Foreigners in 2026

Mortgages in Georgia in 2026 — what foreigners should know 🏠

Buying property in Georgia with a mortgage is possible for non-residents and residents alike, but banks evaluate foreign applicants more carefully. This guide explains typical requirements, the application process, costs, and practical tips to help you make a confident decision.

Typical bank requirements for foreigners ✅

• Valid passport and ID documentation.
• Proof of income: payslips, tax declarations, bank statements, or employment contract.
• Proof of source for the down payment — banks check the legitimacy of funds.
• Property appraisal and legal title check.
• Residency status influences terms: non-residents frequently face stricter rules and higher own-contribution expectations.

Note: exact lists of documents vary by bank. Prepare certified translations and notarization if needed.

Which banks lend to foreigners? 🏦

Georgia has a mix of international-oriented banks and local lenders that offer mortgage products to foreigners. Many provide loans in the national currency (GEL) and in foreign currencies. Choose a lender based on residency, income stability, and the purpose of the purchase (primary residence, holiday home, or investment).

Practical tip: request initial terms from several lenders and compare effective costs — interest, fees, insurance requirements, and prepayment penalties.

Mortgage process — step by step 📋

1. Gather documents: passport, income proof, bank statements, evidence of down payment.
2. Submit a preliminary application and get pre-approval to understand your budget.
3. Select the property — bank orders appraisal and conducts legal due diligence.
4. Final loan approval and signing of credit terms.
5. Notarial closing and registration of ownership.

For investors: rental and resale considerations 💡

• If you plan to rent the property, account for seasonality and local demand patterns.
• Banks may take rental income into account differently when assessing affordability.
• Title and property insurance reduce investor risk.

Currency and interest-rate risks ⚖️

• Loans in foreign currency bring exchange-rate risk. If your income is in another currency, consider the potential impact of currency moves.
• Fixed vs. variable rates: evaluate which suits your financial plan and tolerance for rate changes.

Additional costs to plan for 📌

Expect appraisal fees, notarial charges, registration fees, insurance, and potential bank origination fees. Always budget with a buffer.

Practical checks and due diligence 🛡️

• Use a local lawyer to verify ownership, encumbrances and permits.
• Ask the bank for full written loan terms, including fees and early repayment rules.
• Check the neighborhood, construction quality, and developer reputation if buying new.

Common mistakes and how to avoid them ❗

• Skipping a full legal check of the property — always verify the title history and restrictions.
• Underestimating extra costs — account for all closing costs and taxes.
• Ignoring currency exposure — match loan currency with income where possible or plan a hedging strategy.

How BuyHome helps 🤝

We assist with document preparation, bank selection, arranging appraisals and legal checks, and finding suitable properties. For search and listings, see our site search and apartments pages.

Useful links: https://buyhome.ge/en/search and https://buyhome.ge/en/apartments

If you're considering a mortgage in Georgia, contact BuyHome. We will help you choose the right bank and property and guide you through the entire process from first inquiry to ownership registration.