How to Get a Mortgage from Ameriabank on Favorable Terms?

Ameriabank is one of the largest universal banks in Armenia, offering a full range of financial services for individuals and businesses. It is currently the only bank in Armenia that has launched its own real estate platform — MyHome, allowing users to search for and purchase property online.

The bank stands out for its financial stability and a high level of digitalization compared to competitors. Thanks to its reliability and diversified portfolio, Ameriabank provides a wide range of banking products — including mortgages for various purposes, from energy-efficient home renovations to purchasing property abroad.

How do you choose the right mortgage program, calculate the rate, and avoid overpaying? Let’s break it down.

Top 5 Ameriabank Mortgage Programs with the Most Competitive Rates

Ameriabank offers dozens of mortgage solutions to help improve housing conditions. The bank actively participates in government support programs, including interest rate subsidies for young families, military personnel, and residents of border communities.

In addition, Ameriabank has developed its own flexible mortgage products with competitive rates and a personalized approach for each client.

Below are mortgage options with the lowest maximum effective interest rates (in AMD):

Conclusion: Ameriabank offers mortgage programs for virtually any housing-related goal. The key is to clearly define your priorities and financial capabilities.

Sample Calculation

1. Loan amount: AMD 25 million
2. Term: 20 years
3. At 6% interest: ≈ AMD 17 million in total interest
4. At 15.7% interest: ≈ AMD 38 million in total interest
5. Difference: over AMD 20 million

How does this work in practice?

Many of the most favorable mortgage options are part of state-supported programs in which Ameriabank actively participates.

Government Programs with Ameriabank Participation

Ameriabank actively takes part in a range of state-supported mortgage initiatives, making homeownership more accessible through subsidized interest rates and special lending conditions.

1. Housing for Families with Children – provides partial interest rate subsidies for families raising underage children.
2. Housing for Military Personnel – a special program offering reduced interest rates and a low down payment for contract-based military service members.
3. Support for Families Displaced from Nagorno-Karabakh – preferential conditions on interest rates and down payments for citizens who were forcibly displaced.
4. Energy-Efficient Renovation Program – interest rates starting from 6% for renovation projects aimed at improving the energy efficiency of apartments or houses.
5. Construction in Border Regions – the government subsidizes interest rates for those building homes in strategically important regions near Armenia’s borders.

These programs typically involve interest rate subsidies or partial repayment of the loan principal.

Want to find out what rate you might qualify for?

Use the AFM platform to select a mortgage tailored to your needs — quickly, for free, and without unnecessary paperwork. On AFM, you can access all Ameriabank mortgage offers, compare them with other banks, and choose the most beneficial option.

Ameriabank’s Own Mortgage Solutions

In addition to participating in government initiatives, Ameriabank offers its own mortgage products for clients who prefer standard lending terms or require financing for commercial purposes. Examples include:

1. Favorable mortgages for families with children
2. Mortgage loans for the Armenian diaspora
3. Renovation loans for residential and commercial properties

Overview of Ameriabank Mortgage Programs

Ameriabank offers a variety of flexible mortgage options to suit different housing and financial goals. Key programs include:

1. Mortgage for Primary and Secondary Housing – a classic mortgage with a fixed or variable interest rate, available for both newly built apartments and properties on the secondary market.
2. Online Mortgage – a fully remote application process without the need to visit a bank branch. Terms are similar to the standard mortgage offer.
3. Renovation Mortgage – financing specifically for home improvement or repairs.
4. Commercial Mortgage – loans for purchasing office spaces, retail properties, or other non-residential real estate.
5. Collateral-Based Mortgage – allows borrowers to receive a larger loan amount secured by their existing property.

Each program has its own interest rates, borrower requirements, and possible bonuses — such as waived service fees or early repayment without penalties.

Looking for the optimal mortgage solution?

Compare offers on AFM and find the best match in just a few minutes.

Comparison: Standard Mortgage vs. Government-Supported Mortgage

Which is more beneficial?

Government-supported programs can save you tens of millions of AMD over the life of the loan.

Key Program Parameters Compared

To help you navigate more easily, here’s a summary table of Ameriabank’s most popular mortgage programs:

What to Consider When Choosing a Mortgage at Ameriabank?

When selecting a mortgage program, don’t focus solely on the interest rate — consider all potential costs and conditions. Pay special attention to:

1. Whether the program is part of a government initiative (this can significantly reduce your interest rate)
2. Online application availability
3. Applicable service fees and commissions

Once you’ve identified the right mortgage program, it’s important to understand how the application process works.

What Fees Does Ameriabank Charge When Issuing a Mortgage?

When applying for a mortgage at Ameriabank, borrowers should consider several mandatory expenses related to documentation and transaction support. The minimum down payment ranges from 10% to 30%, depending on the specific program.

While the bank does not charge any fees for application processing, loan disbursement, or loan servicing, there are still some essential third-party costs to account for.

These may include:

1. Property valuation – from AMD 13,000 to AMD 30,000
2. Notary services – a one-time fee of AMD 14,000–16,000 (e.g., for vehicle collateral)
3. Unified ownership certificate – fixed at AMD 10,000

Some mortgage programs may also require cadastral fees, although these are not listed for every option.

Tip: When budgeting for a property purchase, be sure to include these costs and calculate the full cost of your mortgage using the AFM platform — it will help you avoid unexpected expenses and select the best possible terms.

Step-by-Step Guide: How to Get a Mortgage from Ameriabank

1. Define the purpose of the loan – purchase, construction, renovation, or refinancing.
2. Explore the available programs – including government-subsidized options – and select the most suitable one.
3. Prepare the necessary documents – a full list can be found on AFM in the “Mortgage” section or at any Ameriabank branch.
4. Submit your application – either online or in person.
5. Ameriabank is currently the only bank in Armenia offering fully online mortgage issuance, without the need to visit a branch.
6. Wait for the bank’s decision – usually within 2 to 5 business days.
7. Sign the contract and finalize the transaction – with a notary and at the cadastral office.

Is It Possible to Get a Mortgage Without a Down Payment?

Officially, the minimum down payment starts at 3% (under government programs). However, it is sometimes possible to secure a mortgage without using personal funds, if:

1. You can provide a second property as collateral
2. You receive employer support
3. You qualify for state or international subsidies

Can You Get a Mortgage Without a Credit History?

Yes, Ameriabank considers mortgage applications even from borrowers with no prior credit history, provided that you:

1. Can prove stable income
2. Have been officially employed for at least 6 months
3. Involve a co-borrower or guarantor

In some cases, a larger down payment or a guarantee from close relatives may be required.

Mandatory Expenses When Taking Out a Mortgage at Ameriabank

Mortgage Terms for Non-Residents at Ameriabank

Ameriabank also offers mortgages to non-residents, including members of the Armenian diaspora. A specialized program is available, allowing eligible clients to apply remotely.

Who is eligible:

Citizens of Armenia and persons of Armenian origin living abroad.

Key Terms:

1. Remote application process — no need to visit the bank in person
2. Loan can be used for purchase, renovation, or construction of residential property in Armenia
3. Down payment from 20%
4. Interest rates may be higher compared to resident borrowers

Required documents:

1. Valid personal ID (e.g., foreign passport)
2. Tax return for the past 2 years from the country of citizenship
3. Employment certificate from current country of residence
4. Bank statement for the past 12 months
5. Credit report from the country of citizenship

This program offers a convenient way to invest in real estate in Armenia without leaving your country of residence.

FAQ: Mortgage at Ameriabank

Q: Can I apply for a mortgage online?

A: Yes, Ameriabank allows you to apply for a mortgage online via its official website. This is especially convenient for those living abroad or looking to save time. The online application includes filling out a form and uploading scanned documents. After submission, a bank representative will contact you to clarify the details.

Q: How long does it take to process a mortgage application?

A: On average, it takes 2 to 5 business days to process a mortgage application. If your documents are complete and no additional verification is needed, approval may come faster. If further clarification or documents are required, the review period may be extended.

Q: What programs are available for young families?

A: Ameriabank offers several government-supported programs for young families, including “Housing for Families with Children” and “Housing for Military Personnel” (if eligible). These programs feature reduced interest rates and state subsidies, making mortgage loans significantly more affordable.

Q: Is early repayment allowed?

A: Yes, early repayment is allowed without penalties. You can repay part or all of your mortgage early, which helps reduce either the loan term or the monthly payment. This is especially useful if your financial situation improves

Q: What is the maximum mortgage term?

A: Depending on the program, Ameriabank offers mortgage terms up to 30 years. This helps reduce the monthly financial burden and allows you to choose more comfortable repayment terms.

Final Thoughts: It’s Not Just About the Rate — It’s About the Strategy

If you treat your mortgage not just as “whatever gets approved” but as part of a thoughtful financial strategy, you can save tens of millions of AMD. For instance, getting a 6% rate instead of 15.7% on a loan of AMD 25 million means nearly double the savings in interest payments.

Government-supported programs at Ameriabank offer a way to:

1. Lower your interest rate to as little as 6%
2. Reduce your down payment to 3%
3. Access special conditions for categories like military personnel, young families, and displaced persons

Living abroad?

You can apply remotely through Ameriabank’s special program for the Armenian diaspora. All documents can be submitted online, and you can finalize the transaction without visiting Armenia.

No credit history?

That’s not a dealbreaker. If you have stable income, can provide necessary documentation, and involve a co-borrower or guarantor if needed, your application will be considered — especially under government programs.

This is a smart workaround worth sharing.

Be sure to factor in service fees, insurance requirements, online application options, and government support availability.

That’s the formula for a smart mortgage.

Compare all Ameriabank mortgage offers on AFM — and avoid overpaying.