Buying a property in Spain is easier than many expect — even for international buyers. Spanish banks offer a variety of mortgage options tailored to both residents and non-residents, making it possible to finance your dream home under the Mediterranean sun.
For Non-Residents
Foreign buyers can usually obtain up to 60–70% of the property value (loan-to-value). Mortgage terms often range from 15 to 25 years, with competitive fixed or variable interest rates. The bank will assess your income, credit history, and existing financial commitments before approval.
For Residents
Spanish residents generally have access to higher financing — up to 80% of the property value — and more flexible conditions.
Required Documents
To apply for a mortgage, you’ll typically need:
Passport or NIE number
Proof of income (payslips or tax returns)
Bank statements
Details of existing loans or mortgages
Additional Considerations
Most banks require the property to be appraised by an approved valuer, and mortgage-related costs (such as the appraisal, notary, and registration fees) should be factored into your budget.
Working with a local mortgage advisor or your real estate agent can help you compare offers and find the most suitable solution. Whether you prefer a fixed-rate mortgage for stability or a variable one linked to Euribor, financing your home in Spain is straightforward with the right guidance.
