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Can I get a mortgage in Spain?
One of the most common questions we receive are Can I get a mortgage in Spain?. The simplest way to find out is that you apply for a pre-approval to see if you are eligible for a Spanish mortgage. We have also gathered the general requirements here, so you can just continue reading you are not ready for applying yet.
You can also read our complete guide about Spanish mortgages
Requirements for getting a Spanish mortgage
The requirements for getting a Spanish mortgage can vary a lot based on your situation, it can also vary based on different banks and can even vary depending from time to time. But some general guidelines are:
Age limitations
You must be at least 18 years old to apply for a mortgage in Spain. Some lenders may have upper age limits for loan maturity, typically around 70 to 75 years. This may also vary depending on if you are a local resident or not.
Stable Income
Banks will assess your income to ensure you have a stable source of funds to cover mortgage payments. This can include salary from employment, business income, investment income, rental income, or retirement income.
Employment or Financial Stability
You will generally need to demonstrate a history of stable employment or financial stability. Lenders often require at least six months to one year of continuous employment or income.
Creditworthiness
Lenders will evaluate your credit history to assess your ability to manage debt responsibly. A good credit score is generally beneficial for obtaining favorable mortgage terms.
Down Payment
You will typically need to provide a down payment (a percentage of the property's purchase price) as part of the mortgage application. The exact amount can vary but it is often around 20% to 30% of the property's value.
Debt-to-Income Ratio (DTI)
Lenders calculate your DTI by comparing your monthly debt payments to your monthly income. A lower DTI ratio is generally more favorable for mortgage approval.
Want to know how much you can borrow?
Are you curious how much you can borrow from a Spanish bank? Start with applying for a pre-approval, it's free, non-binding and you'll receive an answer within 24 hours.
Frequently asked questions
Here are the answers to some of the most common questions regarding if you can get a Spanish mortgage.

Yes, it is still possible for British citizens, even after Brexit, to get a mortgage in Spain to purchase property. The relationship between the United Kingdom and the European Union has evolved post-Brexit, but Brexit has never precluded British citizens from buying property and obtaining mortgages in Spain.

Yes, it is possible for an Irish citizen to get a mortgage in Spain to purchase property. At Habeno we can even help you get a Spanish mortgage without you having to visit Spain.

Absolutely, American citizens have the option to secure a mortgage in Spain for property acquisitions. Spain stands as a favored international hub for real estate investments, and it's a common practice for U.S. nationals to explore mortgage options when pursuing real estate ventures in the country.

Yes, Canadians can get a mortgage in Spain to purchase a property, and it's not uncommon for non-European Union (EU) citizens, including Canadians, to invest in Spanish real estate. We can help you with your mortgage process and guide you through which documents are needed. Start by applying for a pre-approval and we'll take it from there.

Yes, as a foreigner you can get a mortgage in Spain. Provided you meet certain criterias. Here you can read more to know if you are eligible for a spanish mortgage as a non-resident.