At Habeno, we're experts on Spanish home loans and mortgages. We'll help you get a pre-approval and loan promise from leading banks in Spain. Applying for a pre-approval through Habeno is quick and 100 percent free. We negotiate with the banks so that you don't have to. Furthermore, we ensure you get a loan promise with the best terms. In other words - we'll save you both time and money.If you need help turning a pre-approval into a mortgage in Spain, our experienced mortgage advisors are here to assist you. With Habeno, we handle all communication and meetings with the banks. We also ensure that the bank receives all the necessary documentation and information for you to secure a Spanish mortgage. We take care of everything for you. Plus, you only pay us once you’ve signed your mortgage agreement.
- You do not have to mortgage your current home.
- You mortgage the house you buy in Spain.
- You avoid the currency risk because the loan is paid out in euros.
With our help, you can find and buy your dream home without needing to travel to Spain multiple times to meet with banks, authorities, and lawyers.
When you use Habeno, you'll have a personal mortgage advisor who assists with property valuation and handles communication with the bank, notaries, lawyers, and authorities. We make sure the process runs smoothly, saving you both time and money. Together, we ensure everything is handled correctly so you can secure your home and mortgage in Spain hassle-free.
Can I get a mortgage in Spain?
Yes, both Spanish residents and foreigners can get a mortgage in Spain to buy a home. The rules and details might be different depending on your situation and the bank you choose.
If you want to read more about the requirements, we've collected some general information in our guide Can I get a mortgage in Spain?
Can a non resident get a mortgage in Spain?
Yes, non-residents are eligible to apply for and obtain mortgages in Spain. However, the terms and conditions may differ from those for residents. Lenders often consider factors like financial stability, creditworthiness, and the purpose of the property (investment, vacation home, etc.) when evaluating non-resident mortgage applications.
Read more about non-resident mortgages.
How does Spanish mortgages work?
Getting a mortgage in Spain is like borrowing money from a bank to buy a house. You pay some money upfront (usually around 20-30% of the house price), and then you make regular payments, including interest, to the bank over several years.
How much deposit is needed for a Spanish mortgage?
To get a Spanish mortgage, you usually need to pay about 20-30% of the house's value as a down payment. This shows the bank that you're serious about the purchase and can afford the mortgage.
Spanish mortgage - how much can I borrow?
The amount you can borrow for a Spanish mortgage depends on things like how much money you make, your credit history, and the value of the property. Typically, banks might lend you up to 70-80% of the property's value. They look at these details to decide how much you can afford to borrow and pay back over time.