Eligibility Criteria
What are the eligibility requirements for a mortgage in Spain for non-residents?
The eligibility requirements for a mortgage in Spain can differ among lenders, especially for non-residents.
Key factors considered include:
- income stability
- employment history
- credit score
- residency status
- debt-to-income ratio
- down payment capability
- property value
Lenders prioritize reliable income sources and steady employment to assess repayment capacity, and they also evaluate creditworthiness based on your credit score, even for non-residents.