How Foreigners Can Get a Mortgage in Spain (2025 Guide)
Buying property in Spain as a foreigner is perfectly possible, and thousands of international buyers secure mortgages (“hipotecas”) every year. Whether you are planning a holiday home, investment purchase, or relocation, understanding how Spanish mortgages work will help you buy safely and confidently.
This guide explains the full process, requirements, costs, and includes a directory of banks that finance foreign buyers.
Can Foreigners Get a Mortgage in Spain?
Yes. Both EU and non-EU buyers can get a mortgage in Spain, even without Spanish residency. Most banks offer:
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60–70% LTV for non-residents
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Up to 80% LTV for tax residents
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Competitive fixed and variable interest rates
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Fast approval times if documentation is clear
Spain is one of Europe’s most foreign-buyer-friendly real estate markets.
Mortgage Requirements for Foreign Buyers
Standard Documentation
Most banks will request:
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Passport or national ID
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NIE number (foreign tax identification)
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Proof of income (payslips, tax returns, pension statements)
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Bank statements (3–6 months)
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Credit report from your country
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Proof of existing loans
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Reservation contract or property details
Financial Requirements (H3)
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Total monthly debt payments should not exceed 30–35% of your income
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Stable income or long-term employment
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Healthy credit history
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Savings to cover down payment + purchase costs
Property Requirements
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Bank valuation (tasación) meeting minimum standards
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Legal compliance of the property
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Clear title, correct building documentation
The Mortgage Application Process
Step 1 – Pre-Assessment
The bank evaluates your income, credit, and financial profile to estimate your LTV and potential loan terms.
Step 2 – Submit Documentation
You send your documents for underwriting. Many banks allow online submission for foreign buyers.
Step 3 – Bank Approval
Once approved, you receive a conditional mortgage offer subject to valuation.
Step 4 – Receive FEIN & FIAE
These are mandatory pre-contract documents that outline your final mortgage terms.
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FEIN: European Standardised Information Sheet
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FIAE: Additional Information Sheet
They must be issued at least 10 days before signing at the notary.
Step 5 – Notary Meeting (Pre-Signature)
You meet with the notary to ensure you understand the terms. This meeting is free.
Step 6 – Mortgage Signature & Completion
You sign the mortgage and purchase deed (escritura) at the notary, and funds are released to the seller.
Banks in Spain That Finance Foreign Buyers
This list is provided for general information only and is not a recommendation or endorsement. Mortgage conditions depend on the applicant's country, income, and financial profile.
Spanish Banks Offering Mortgages to Foreigners
CaixaBank
🌐 https://www.caixabank.com
Well known for international banking services.
Banco Sabadell
🌐 https://www.bancosabadell.com
Very active with non-resident mortgages.
Bankinter
🌐 https://www.bankinter.com
Competitive conditions for foreign buyers.
BBVA
🌐 https://www.bbva.es
Large network and English-speaking staff.
Banco Santander
🌐 https://www.bancosantander.es
International brand and flexible mortgage products.
🇩🇰 For Danish Buyers (Common Option)
Nykredit (Denmark)
🌐 https://www.nykredit.com
Frequently chosen by Danish clients purchasing in Spain.
Mortgage Costs in Spain
Bank Fees
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Valuation fee
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Opening fee (sometimes 0%)
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Insurance (optional or mandatory depending on bank)
Taxes & Closing Costs
Most buyers should budget 10–13% of the purchase price, depending on the region and whether the property is new or resale.
Ongoing Costs
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Annual home insurance
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Life insurance (optional)
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Bank account maintenance (varies by bank)
Disclaimer
This directory of banks is provided strictly for informational purposes only. It does not constitute a recommendation, endorsement, or professional advice. Many other qualified lenders may also be available. Always seek independent legal and financial counsel before making any mortgage or property decision.