Mortgages in Spain
Mortgages in Spain
Everything international buyers need to know about financing a property in Spain. Learn how Spanish mortgages work, compare financing options, understand eligibility requirements, and secure the best loan for your dream home.
Can Foreigners Get a Mortgage in Spain?
Yes. Both EU and non-EU citizens can apply for a mortgage in Spain. Most Spanish banks offer financing to international buyers purchasing a holiday home, investment property, or permanent residence.
Generally, non-residents can finance between 60% and 70% of the property's purchase price, while Spanish residents may qualify for financing of up to 80% depending on their financial profile.
Banks evaluate several factors before approving a mortgage, including income stability, existing debts, employment status, assets, and credit history.
At Tadian Homes, we work with trusted financial partners who help our international clients identify the most suitable financing options before making an offer on a property.
Mortgage Requirements & Documents
Applying for a mortgage in Spain is a straightforward process when your documentation is prepared correctly.
Most banks will request:
• Passport or National ID
• Proof of Income
• Recent Tax Returns
• Bank Statements
• Employment or Business Documentation
• Credit History
• Property Reservation Contract
Once your application is submitted, the bank evaluates your financial profile and orders an independent property valuation before issuing the official mortgage offer.
Preparing these documents in advance significantly reduces approval times and increases your chances of obtaining competitive financing conditions.
Choosing the Right Spanish Bank
Spain has a highly developed banking sector offering mortgage products specifically designed for international buyers.
Leading banks such as Santander, BBVA, CaixaBank, Sabadell, and Bankinter provide competitive mortgage solutions with both fixed and variable interest rates.
The best mortgage is not always the one with the lowest interest rate. Buyers should also compare:
• Arrangement Fees
• Early Repayment Costs
• Insurance Requirements
• Loan Flexibility
• Currency Considerations
Our team compares multiple financing options to help you choose the mortgage that best matches your investment goals and long-term financial strategy.
F.A.Q.
Find clear answers to the most common questions about mortgages in Spain, from eligibility and loan requirements to interest rates, deposits, and the application process for international buyers.
Yes. Both EU and non-EU citizens can obtain a Spanish mortgage, although financing percentages vary depending on residency status and financial circumstances.
Non-resident buyers usually need between 30% and 40% of the property’s value, while residents may qualify with a lower deposit.
Many major banks including Santander, BBVA, CaixaBank, Sabadell, Bankinter and several international banks provide mortgage products for overseas buyers.
Most mortgage applications are approved within 3 to 6 weeks, depending on document preparation and the property’s valuation process.
Yes. Spanish mortgages generally allow early repayment, although some lenders may charge a small early repayment fee depending on the mortgage agreement.