Non-Resident Mortgage

Q: 1. Can a foreigner buy a home in Spain?

Yes. Any foreigner can buy a property in Spain, whether they reside in the country or abroad. Furthermore, there are specific mortgages for non-residents tailored to international buyers.

Q: 2. Which banks offer mortgages for non-residents?

Many Spanish financial institutions offer financing to non-residents, especially large national banks and entities specializing in international buyers. Terms and conditions may vary depending on the country of residence, income, and financial profile.

Q: 3. How much do they finance?

Banks typically finance between 60% and 70% of the purchase price or appraised value for non-residents. In some specific cases, they may offer better terms depending on the applicant's profile.

Q: 4. Do I need a NIE?

Yes. A NIE (Foreigner's Identity Number) is mandatory to buy a home and take out a mortgage in Spain. It will also be necessary to open a bank account and sign the deed of sale.

Non-Resident Mortgage in Spain: requirements, financing and bank conditions

A non-resident mortgage is a loan secured against property, aimed at people who live and pay taxes outside Spain but want to buy a property in the country — whether as a second home or an investment. Compared to a resident mortgage in Spain, banks tend to scrutinise foreign income, employment stability, origin of funds and loan-to-value ratios more closely.

Comparison between 54 banks

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Possibility of up to 50%-70% financing

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Usual requirements of amortgage for non-residents

We help you compare multiple entities and find the ideal financing to buy your home in Spain.

BLOCK	USUAL DOCUMENTATION
Identity and residence	Valid passport, NIE, tax residence certificate in the country of origin, certificate of non-residence in Spain.
Income from abroad	Last 3-6 payslips, current employment contract, tax return for the last fiscal year, bank statements for the last 6-12 months. Sworn translations if they are not in Spanish.
Funds and savings	Bank statements that prove savings, proof of international transfers, documented origin of funds (compliance with anti-money laundering regulations).
Financial solvency	Debt report from the country of origin (equivalent to CIRBE), certificate of being up to date with the Tax Office and Social Security (if applicable).
Dwelling	Simple note from the property registry, earnest money contract or reservation, appraisal report (managed by the bank).

Financial profile

Stable income, controlled debt ratio (<35%) and payment capacity consistent with the operation.

Country and tax situation

Country of residence, currency of income, and documentary verification influence risk analysis.

Initial contribution

A higher profit margin (income + expenses) reduces risk and facilitates approval. For non-residents, this point is crucial.

Use of housing

Second home or investment. The bank's approach may vary depending on the intended use.

The essentials:

The NIE is essential before starting any mortgage or purchase/sale procedure
Prepare certified translations of your documents if they are not in Spanish.
Traceability of funds is key: properly document the origin of your savings

FAQs

Algunas Preguntas Frecuentes

1. Can a foreigner buy a home in Spain?

Yes. Any foreigner can buy a property in Spain, whether they reside in the country or abroad. Furthermore, there are specific mortgages for non-residents tailored to international buyers.

2. Which banks offer mortgages for non-residents?

Many Spanish financial institutions offer financing to non-residents, especially large national banks and entities specializing in international buyers. Terms and conditions may vary depending on the country of residence, income, and financial profile.

3. How much do they finance?

Banks typically finance between 60% and 70% of the purchase price or appraised value for non-residents. In some specific cases, they may offer better terms depending on the applicant's profile.

4. Do I need a NIE?

Yes. A NIE (Foreigner's Identity Number) is mandatory to buy a home and take out a mortgage in Spain. It will also be necessary to open a bank account and sign the deed of sale.