HMS provides loans for the purchase of affordable apartments throughout the country.

Housing loans

Calculate the estimated monthly payments of a new loan at HMS based on the terms offered at any given time.

Calculators:

Part of the HMS loan application process is the preparation of a payment assessment. The payment estimate is filled out electronically, so you need to have an electronic ID with you.

Payment- and credit-assessment:

It is important to seek immediate help before defaults become significant.

Solutions for payment problems:

Here you can find information about other services that HMS provides in connection with loans to individuals.

Other services:

If you enter into an agreement for the payment of arrears, collection actions will stop, but the loans will bear late interest for the duration of the agreement.​

If it is agreed to postpone payments, convert defaults or extend the loan period, the terms of the loan will be changed. In order for the terms to be changed, the loan must not be in arrears, or it has been agreed to add the arrears to the principal so that late interest will no longer be calculated and the collection action will stop.​​

It is to your advantage to make moderate use of the deferred payment because the payment after the deferred payment is higher than the regular payment before the loan was deferred.​

If arrears are added to the principal, the loan amount will increase and the regular payment after the arrears have been added to the principal will also increase.​​

A loan extension is the only option that can result in a lower monthly payment, but with a loan extension, the loan period and the number of remaining due dates will increase, so that the total loan payments will increase. View the effect of the loan extension with the calculator Change in loan period.​

We have the calculator Compare loan options which will simplify your process of calculating all loan options available in the marketplace.​

If you plan to pay into a loan, it pays to do so on the due date of the loan after the due date payment has been paid, otherwise you will start paying part of the next month's payment.

The Housing and Construction Authority provides indexed and non-indexed loans to individuals for the purchase, construction and renovation of apartments throughout the country. At the same time, those who have reduced working capacity, are disabled or have reduced mobility can get an additional loan if there are additional costs due to special needs when buying, building or modifying housing.

Housing benefit takes the form of monthly payments intended to assist those who rent residential premises, whether this is within the socially-assisted housing system, in student residences or on the open rental market. The Housing and Construction Authority handles the implementation of the Housing Benefit Act, No. 75/2016, and takes decisions regarding entitlement to housing benefit.

Húsnæðis- og mannvirkjastofnun

Mælaborð

Vefþjónustur

Mánaðarskýrsla HMS

Útgefið efni

Grunngögn til niðurhals

Vefsjár fasteigna

Gögn og mæliborð

Eignin mín

Lán til einstaklinga

Starfsleyfi og löggildingar

Húsnæðisbætur og leigumál

Rafmagnsöryggi

Umsóknir og eyðublöð

Ísland.is

Housing benefits

Loan site

Öryggi mannvirkja

Um HMS

Upplýsingar

Fréttir og tilkynningar

Mælanleg gögn

Contact us

Hafðu samband

The special needs loans are indexed loans with fixed interest rates for 5 years at a time. You can also get a special needs loan with a fixed interest rate for the duration of the loan.

Loans are only granted for apartments intended for personal use. It is not allowed to own more than one apartment with a loan from the Housing and Construction Authority, unless special circumstances apply, for example due to employment or family circumstances.

Confirmation of estimated construction costs

Calculate the estimated monthly payment of a new loan based on the terms offered at any given time.

Loan calculator

PDF file

You can access the Housing and Construction authority's rate list here.

HMS tariff

Here you can access the interest rate table of the Housing and Construction Authority.

The interest rate table

An additional loan granted to persons who have reduced working capacity, are disabled or have reduced mobility to make changes to their residential premises that are necessary due to their special needs. The loans are also granted for the purchase or construction of housing that is more expensive than otherwise due to special needs.

Resource to help first-time buyers below certain income levels bridge the gap to buying a property.

Home equity loans:

Loans for the purchase of apartments for personal use throughout the country.

Housing loans:

Additional loan for the purchase, construction or modification of housing due to special needs.

Special needs loans:

Home renovation loans:

Various amendments can be made to bonds after they have been issued.

Adjustment of loan terms:

Buying real estate is one of the biggest decisions you will make in life, but also one of the most fun.

HMS is authorized to demand reimbursement for costs incurred due to certificates and documents obtained from elsewhere, for example, the property's mortgage statement.

Various changes can be made to bonds after they have been issued.

All applications and forms regarding housing loans at HMS.

Loans to individuals, loans to legal entities and construction loans.

The loans are annuity loans and can be indexed or non-indexed. 

We provide non-indexed loans with fixed interest rates for 3 years at a time and indexed loans with fixed interest rates for 5 years at a time. It is also possible to get a loan with a fixed interest rate for the duration of the loan. 

Loans are only granted for apartments intended for personal use. It is not allowed to own more than one apartment with a loan from the Housing and Construction Authority, unless special circumstances apply, for example due to employment or family circumstances. 

Special needs loan

Special needs loan

About special needs loans at HMS

Loan calculator

Loan calculator

Loan calculator

HMS tariff

HMS tariff

HMS tariff

The interest rate table

The interest rate table

The interest rate table