Mortgages for Foreigners in Spain 2026: Requirements, Banks and Rates
Financing part of the purchase is common among international buyers. These are the key points if you are a non-resident.
Typical requirements
Down payment higher than for a resident (typical LTV up to 60–70%).
Stable income and a prudent debt-to-income ratio.
Credit history and bank statements.
Certified appraisal of the property.
Types of mortgage
Fixed: stable payment, protection against rate hikes.
Variable: linked to reference indices; can go down or up.
Mixed: fixed for the first years and then variable.
Documentation usually requested
Passport and NIE.
Proof of income (pay slips/IRPF/corporate tax).
Bank statements and current debts.
Reservation agreement and appraisal.
Indicative simulations
Price | Down payment (30%) | Mortgage (70%) | Approx. monthly payment over 25 years* |
€300,000 | €90,000 | €210,000 | Consult depending on type and bank |
€500,000 | €150,000 | €350,000 | Consult depending on type and bank |
*Payments depend on interest rate, profile and bank. Request a personalized offer.
Mistakes to avoid
Not allowing time for the appraisal.
Underestimating purchase costs (taxes, notary, registry).
Not providing translated documents if the institution requires them.
Conclusion
Preparing the documentation well and comparing offers is key. At Bullmann Properties we coordinate purchase timelines with your financing to avoid surprises.
