How to Get a Home Loan in Spain in 2025: Full Mortgage Guide for Foreign Buyers
Buying a property in Spain is a dream for many international buyers—and it’s more achievable than ever thanks to Spain’s accessible home loan system. Whether you’re relocating, investing, or seeking a vacation home, understanding how to secure a mortgage is key.
This article offers a full breakdown of how to get a home loan in Spain, including top lenders, what documents are needed, and detailed product examples from banks currently offering competitive rates.
Why Consider a Mortgage in Spain?
Securing a mortgage in Spain opens doors to owning prime real estate in popular cities like Madrid, Barcelona, Valencia, and coastal hotspots. With interest rates stabilizing in 2025 and competitive fixed-rate options, borrowing to buy in Spain is often more financially viable than buying outright.
Foreigners, whether EU or non-EU residents, can qualify for home loans with favorable terms if they meet income and documentation requirements. Spanish banks typically lend up to 70% of the property value for non-residents and up to 80% for residents.
Santander Hipoteca Mundo for Non-Residents
Website: Santander Hipoteca Mundo
This home loan product is tailored for foreigners living abroad. Offers fixed and variable rates, up to 70% financing, and terms from 5 to 30 years. Requires a minimum income and bank account with Santander Spain.
Use Case: Ideal for non-resident investors purchasing second homes in Spain. Offers stability with long repayment terms.
Where to Buy: Apply via Santander Spain
CaixaBank HolaBank Mortgage
Website: CaixaBank HolaBank
Specialized service for international clients with a dedicated English-speaking branch. Offers up to 70% LTV (Loan to Value), fixed and mixed-rate options, and digital banking support.
Use Case: Excellent for expats relocating to Spain or buying a holiday apartment. Comes with tailored banking packages and language support.
Where to Buy: Get Started with HolaBank
Banco Sabadell International Mortgage
Website: Banco Sabadell Expat Mortgage
Banco Sabadell offers mortgages for non-residents and foreign professionals in Spain. Up to 70% financing and customized financial analysis to determine eligibility.
Use Case: Good for professionals relocating to Spain, offering flexible documentation requirements and competitive rates.
Where to Buy: Apply at Banco Sabadell
ING Spain Fixed Mortgage
Website: ING Hipoteca Naranja Fija
Known for its no-commission policy, ING Spain offers fixed-rate loans with low interest and simplified paperwork. Available for residents and foreigners with documented income.
Use Case: Ideal for buyers who prefer digital applications and want predictable monthly payments without hidden fees.
Where to Buy: Visit ING Spain
Unicaja Banco Foreign Buyer Mortgage
Website: Unicaja Banco
Unicaja provides mortgage services for international buyers including tailored loan terms and flexible repayment. Options include energy-efficient mortgage bonuses.
Use Case: Perfect for green-conscious buyers who want homes with energy certificates or solar systems.
Where to Buy: Check Unicaja Offers
Key Benefits of Getting a Home Loan in Spain
Low Fixed Interest Rates and Long Terms
Compared to many countries, Spain still offers relatively low mortgage rates in 2025, especially for fixed-rate products. With terms ranging up to 30 years, buyers can lock in affordable payments with less financial risk.
This is particularly attractive for long-term investors and expats planning to reside in Spain permanently.
Loan Availability for Foreigners
Spain is one of Europe’s most open markets for non-resident buyers. Many banks have specific divisions or branches designed to serve international clients, making the process transparent and manageable even from abroad.
Additionally, income in foreign currencies (USD, GBP, etc.) is accepted by most top lenders.
Step-by-Step: How to Get a Mortgage in Spain
- Choose your property and determine the budget.
- Contact a local real estate agent and confirm legal zoning.
- Apply for an NIE (Foreigner Identification Number).
- Open a Spanish bank account.
- Collect financial documents (income proof, credit report, tax returns).
- Compare lenders and loan products.
- Get pre-approval to strengthen your negotiation position.
- Sign a pre-sales contract and finalize with a notary.
Make sure to use a lawyer experienced in Spanish property law to review contracts and title deeds.
How Technology Helps You Get a Spanish Mortgage Faster
Several fintech platforms now assist foreign buyers with document submission, eligibility checking, and loan comparisons. Tools like Hipoo, Idealista Mortgage, and Housfy help users simulate repayments, upload documents securely, and connect directly with banks.
Additionally, digital notary appointments and video calls with mortgage officers are now standard, especially for remote investors. These tools eliminate the need for long trips and reduce the approval timeline significantly.
Final Thoughts: Is Now a Good Time to Get a Mortgage in Spain?
Yes. With stable interest rates, streamlined processes for international buyers, and a growing number of digital solutions, 2025 is a strong year to invest in Spanish real estate with mortgage support.
Whether you’re buying a home to live in, rent out, or retire to, Spanish mortgage options have never been more accessible.
Frequently Asked Questions
1. Can foreigners get a mortgage in Spain? Yes. Most banks offer mortgage products for EU and non-EU citizens. You typically need a valid passport, NIE, and proof of income.
2. What are the typical interest rates in Spain for 2025? Rates vary by lender but range from 2.5% to 4.2% for fixed loans. Variable options may start lower but carry long-term rate risk.
3. What documents are required for non-residents? You’ll need ID, NIE, recent bank statements, tax declarations, proof of income, and sometimes a credit report from your country of residence.