Mortgage in Spain for foreigners 2025 - how to get it and what you need to know

Buying a property in Spain with financing is a possible and common option for foreign buyers as well. However, the mortgage application process can be complex if you don't know the requirements and don't speak the language. At Estrellas Properties we explain it to you step by step and, most importantly: we have an experienced mortgage advisor who manages the entire process for you.

1. Can foreigners apply for a mortgage in Spain?

Yes. Both residents and non-residents can obtain financing from Spanish banks, although conditions may vary.

• Non-residents (less than 183 days a year in Spain):
  Banks usually offer up to 70% of the purchase value or the appraisal value (whichever is lower).

• Tax residents in Spain:
  They can access mortgages of up to 80%.

2. Main banking requirements and criteria

Banks will evaluate several factors before approving a mortgage:

• Stability and income level (recommended monthly minimum: €2,500 net)

• Relationship between existing income and debts

• Favorable credit history (a credit report from the home country is required)

• Long-term payment capacity

• Own contribution (ideally at least 30% of the value of the property + expenses)

3. Documentation needed to apply for a mortgage

The exact list may vary by bank, but is usually required:

Identification of the applicant:

• Copy of passport or identity card

• NIE number (can be submitted later if it is in process)

Income – if you are employed:

• The last two payrolls

• Tax returns for the last two years

• Employment certificate: type of contract, annual salary, seniority, position

Income – if you are self-employed or entrepreneurial:

• Accounting report with data on the company, sector, revenues and profits for the last two years

• Annual tax returns

• Summary of business bank accounts for the last two years

Additional documentation:

• Updated home country credit report

• Bank statements for the last 6 months

• If you already have a mortgage: last 2 payment receipts

• If you have rentals: copy of the contract

• Information on other sources of income (if any)

4. How do we help you at Estrellas Properties?

We know that applying for a mortgage in another country can be challenging. For this reason, in our agency you have a professional mortgage advisor who accompanies you in every step of the process: from the simulation of installments, compilation of documentation, to signing before a notary.

You will save time, money and avoid mistakes.

5. How long does approval take?

• Bank pre-approval usually takes 10-20 days.

• The entire process up to signing before a notary can take 4–6 weeks, depending on the case.

Are you interested in buying with a mortgage in Spain?
Contact us – we analyse your case without obligation and help you find the best mortgage offer on the market.

WhatsApp / Phone: +34 677 878 548 / +34 601 52 48 06
Email: info@estrellasproperties.com