Mortgage for Non-Residents
Spanish banks provide mortgages to non-residents, but with different conditions than for Spaniards.
Typical Conditions
Maximum Financing
- Non-residents: 60-70% of appraised value
- Residents: up to 80%
Term
- Maximum 20-25 years
- Paid off before age 75/80
Interest Rates (2026)
- Variable: Euribor + 1.5-2.5%
- Fixed 10 years: 3.0-4.0%
- Fixed 20 years: 3.5-4.5%
Required Documents
- Passport and NIE
- Last 2-3 tax returns
- Payslips last 3 months
- Bank statements last 6 months
- Overview of existing debts
- Purchase agreement
The Process
- Pre-approval (1-2 weeks)
- Appraisal (1 week)
- Final approval (1-2 weeks)
- Notary appointment (2-4 weeks)
Costs
- Appraisal: €300-500
- Opening fees: 0.5-1% of mortgage
- Notary and registration: €1,000-2,000
Tip
Compare multiple banks - conditions vary significantly.
