Getting a Mortgage

Spanish banks can issue mortgage loans up to 80% of the property value for residents in Spain and up to 60% for non-residents in Spain.

Required own funds: minimum 20% + 9-10% additional expenses

Required own funds: minimum 40% + 9-10% additional expenses

Required Documents

DNI (for Spanish citizens) or international passport for foreigners
NIE (foreign number)
Certificate of property ownership without mortgage in the country of residence or any other country
Income tax returns for the last 2 years
Employment contract not less than 5 years
Work certificate indicating position, salary, and current employment status. The certificate must be on letterhead with corresponding stamps
Bank account statement for the last 12 months
In case funds are transferred from abroad, a statement from the account from which funds will be transferred to a Spanish bank (must have minimum required balance)
Credit history of individuals
Any other documents confirming receipt of other income: rental contracts, dividend receipts, etc.

All foreign documents must be translated into Spanish by a sworn translator. Some banks accept documents in English without the need for Spanish translation.
Your monthly mortgage payments should not exceed 35% of your monthly income.