Eligibility Criteria
How does residency status impact your mortgage eligibility in Spain?
Residency status plays a significant role in determining your mortgage eligibility in Spain.
For non-residents, the loan-to-value (LTV) ratio is typically lower, ranging from 45-60%, and interest rates might be slightly higher due to the perceived risk of lending to someone outside the country.
If you’re a resident in Spain, you’ll generally have better access to mortgage options, including a higher LTV ratio—up to 80% of the property’s value. Spanish citizens living abroad may also benefit from similar terms when purchasing property back home.
Foreign residents in Spain can often qualify under the same conditions, as they are integrated into the system, pay taxes, and have stable jobs.
If you’re a resident in Spain, you’ll generally have better access to mortgage options, including a higher LTV ratio—up to 80% of the property’s value. Spanish citizens living abroad may also benefit from similar terms when purchasing property back home.
Foreign residents in Spain can often qualify under the same conditions, as they are integrated into the system, pay taxes, and have stable jobs.