If you are a foreigner living in Denmark, it is really hard to get mortgage loans due to unexplainable risks. You are somewhat right so I think it needs to be

If you are a foreigner living in Denmark, it is really hard to get mortgage loans due to unexplainable risks. You are somewhat right so I think it needs to be clarified to non Denmark living people that it has nothing to do with banks and all about Danish government regulation. They have specific laws that look differently on foreigners depending if they are EU, non EU, living for 5 years in Denmark, living less than 5 years. I think what OP might refer to is that he comes from a specific non-EU country that Danish system doesn't look kindly on. (check the recent changes in the way citizenship is granted to read more about it) If you are EU and if you have stayed more than 5 years in Denmark you should have no trouble getting mortgage. Basically also if you are non-EU if you have been in Denmark continuously and hold permanent residence. If you are EU citizen you can get a house and mortgage immediately if you have 5% (or better 20%) but in case you leave Denmark you won't be able to rent it. (as I remember correctly). Current mortgage rates for 20 years are around 1% if you deposit 20% of house value. Most of the time if you are looking to buy something that hasn't skyrocketed in value, you will be paying the same (with taxes) as you would the rent equivalent. (aka if you can, go for mortgage)