Quick answer
Non-residents can usually borrow 60–70% of the value, so plan for a 30–40% deposit plus the ~10–13% in purchase taxes and fees. Banks want your total debts under ~30–35% of net income, a NIE, and documented, stable earnings. Fixed and variable rates are both available, terms up to ~20–25 years.
How much cash do you actually need?
On a €300,000 property with a 70% mortgage you'd need roughly:
| Deposit (30%) | €90,000 |
| Taxes & fees (~11%) | ~€33,000 |
| Total cash up front | ~€123,000 |
Illustrative only — your figures depend on the region, lender and valuation.
What banks look for
- ✓Loan-to-value: 60–70% for non-residents (based on the lower of price and valuation).
- ✓Affordability: Total monthly debts under ~30–35% of net income.
- ✓Documented income: Payslips/accounts, tax returns and bank statements — stability matters.
- ✓NIE & clean credit: You'll need a NIE and no adverse credit history.
Fixed vs variable
Fixed rate
Same payment for the whole term — predictable, popular with non-residents.
Variable rate
Tracks Euríbor + a margin — can start lower but moves with rates.
Get the best rate you qualify for
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Get matched with a brokerFrequently asked questions
Can foreigners get a mortgage in Spain?▼
Yes. Spanish banks lend to non-residents, though at lower loan-to-value than for residents. You'll need a NIE, proof of income and a clean credit history. A broker can compare lenders and negotiate better terms.
How much deposit do I need for a mortgage in Spain as a non-resident?▼
Non-residents typically borrow up to 60–70% of the property's value, so you'll need a deposit of about 30–40% — plus the ~10–13% in purchase taxes and fees on top. Residents can often borrow up to 80%.
What LTV can non-residents get in Spain?▼
Usually 60–70% loan-to-value (LTV), based on the lower of the purchase price and the bank's valuation (tasación). Strong applicants may occasionally get more.
What's the minimum income for a Spanish non-resident mortgage?▼
There's no fixed minimum, but banks apply a debt-to-income rule: your total monthly debts (including the new mortgage) should stay under roughly 30–35% of your net income. Stable, documented income is key.
Are Spanish mortgage rates fixed or variable?▼
Both are available. Fixed rates give payment certainty for the whole term; variable rates track the Euríbor plus a margin. Many non-residents choose fixed for predictability. Terms are commonly up to 20–25 years, often ending by age 70–75.
What documents do I need?▼
Typically: passport and NIE, recent payslips or accounts (if self-employed), tax returns, bank statements, an existing-debts statement, and the property details. Everything usually needs to be translated; a broker or lawyer helps prepare the file.
Related guides & services
General information, not financial advice. Lending criteria and rates vary by bank and change — confirm with a licensed mortgage broker or your bank.