Simple Method for Getting a Mortgage in Spain as a Foreigner

Buying property in Spain can be a dream, but obtaining a mortgage as a foreigner may seem complex. Here’s a simplified guide to help you through this process.

1. Main Requirements
Spanish banks reliably grant loans to foreigners, as long as they have stable income and an initial down payment. They also ensure that monthly payments remain at a reasonable level compared to your income, guaranteeing a sound and secure financial management tailored to your situation.

2. Necessary Documents

Prepare these documents in advance:

• Valid passport.
• NIE (Foreigner Identification Number).
• Proof of income (pay slips, bank statements).
• Credit history.

3. Choosing the Right Bank

Compare offers from different banks or consult a broker. The real estate agency Rosa Mediterranean Houses can guide you in choosing the best offer and assist you throughout the process.

4. Submit the Application and Finalize the Loan

Once the bank is chosen, submit your application with the required documents. If approved, sign the deed before a notary to finalize the purchase.

Practical Tips

A specialized lawyer can secure the transaction. Rosa Mediterranean Houses can recommend experienced lawyers to ensure a safe transaction.