Spanish Mortgages – The Options

Here at Fluent Finance Abroad, we can secure whatever type of mortgage meets your needs and cater for both non-residents and residents alike. Whether you’re buying a holiday home, relocating, building from scratch or releasing equity in later life, our Mortgage Consultants will find the right lender and the right deal for your circumstances.

Spanish lenders offer three main types of mortgage rates, and a range of mortgages designed around your residency status, age and the type of property you’re buying.

By rate type

• Fixed-rate mortgages (hipoteca fija): Your interest rate stays the same for the whole term, so your repayments never change. Read our guide to Spanish mortgage interest rates in 2026.
• Variable-rate mortgages (hipoteca variable): Your rate is the bank’s margin plus the 12-month Euribor, which averaged 3.239% in October 2026, so your repayments can rise or fall. Find out how variable rates work when choosing your mortgage.
• Mixed-rate mortgages (hipoteca mixta): Fixed for an initial period, then switching to a variable rate for the rest of the term. Learn more about how mixed-rate mortgages compare. 

By your circumstances

• Non-resident mortgages: For buyers who live outside Spain, usually up to 70% of the purchase price.
• Resident mortgages: For people who live, work and pay tax in Spain, usually up to 80%.
• Mortgages for US citizens: Non-resident lending for American buyers, with a dedicated US mortgage desk.
• Lifetime mortgages (hipoteca inversa): For homeowners aged 65 and over, with no monthly repayments.
• Equity release and capital raising: Raising capital from a property you own outright or nearly outright.
• Remortgaging and refinancing: Switching lenders or renegotiating your current Spanish mortgage.
• Self-build and construction mortgages: Finance for building your own home in Spain, released in stages.
• Commercial mortgages: For shops, offices, restaurants, hotels and other business premises.
• Alternative residential lending: Options outside standard lending criteria, including bridging finance.

 

Spanish mortgages we can arrange

Spanish mortgages for US citizens

Spain already has a thriving US expat community, which is seen through the various groups like the American Club of Madrid, of which FFA is a Corporate Member. There are no special requirements for American buyers. You’ll need the same identity, income and deposit documents as any other non-resident.

Terms are generally up to 20 years, or 25 depending on your age, and offers usually take three to six weeks once all your documents are in. Find out more about our Spanish mortgages for US citizens.

Spanish mortgages for non-residents

Non-residents in Spain can borrow up to 70% of the purchase price of a property. We have exclusive deals available, with lower rates than those offered directly by banks.

Spanish banks will typically accept total debt repayments of up to 35% of your gross monthly income. We can often get you a written agreement in principle within 48 hours, with full approval typically taking around six weeks. Explore our Spanish mortgages for non-residents, or read our step-by-step guide on how to get a Spanish mortgage.

Spanish resident mortgages

For full Spanish residents where your main residence is in Spain, we can offer mortgages of up to 80%, although in some cases we can secure mortgages of 90% to 100%, but these are rare.

To qualify, you’ll need to live, work and pay tax in Spain. We’ll help you gather your identity documents, proof of income, tax returns and bank statements, and handle the application paperwork for you. Find out more about our Spanish resident mortgages. Not sure if you count as a resident? Read what makes you a tax resident in Spain.

Spanish lifetime mortgages

A financial solution exclusively designed for individuals aged 65 or over who have been residents of Spain for over three years. It lets you borrow against your home while you continue to own it and live in it.

There are no monthly repayments. The loan and interest are repaid when the property is sold, and you’ll never owe more than your property is worth. Find out more about Spanish lifetime mortgages, or read our guide: what is a Spanish lifetime mortgage?

Equity release and capital raising mortgages

Releasing equity or releasing capital from your property in Spain can be challenging, as retail banks rarely offer it. However, we can always discuss whether you may qualify for this type of mortgage, as releasing funds is achievable in certain circumstances, usually where your existing mortgage is mostly or fully paid off.

Lenders may release up to 60% of the property’s value. You’ll need to explain what the funds are for, and they generally need to stay in Spain. Find out more about equity release and capital raising mortgages, or read: Is equity release safe?

Spanish remortgage or mortgage refinancing

If you already have a mortgage on your Spanish property, but are looking to get a better mortgage deal, such as increasing the loan amount, extending the term of the mortgage or looking for a better interest rate, we can also help you.

The new bank will value your property at its current market value, and the process typically takes around six to ten weeks. The new lender pays the notary costs for the new mortgage, while you cover the cost of cancelling your existing one. Explore Spanish remortgaging and refinancing, or read when moving your Spanish mortgage lender is the right thing to do.

Self-build and construction mortgages

Many people dream of building their own home in Spain, but need financing to achieve this dream. The process of building your home, or an “autopromoción” project, will be considered for financing by several Spanish banks, for both residents and non-residents.

Banks usually expect you to own the plot first, and funds are released in stages as the build progresses, based on your architect’s reports. You’ll need your building licence, approved plans and construction quotes in place. Find out more about self-build and construction mortgages.

Commercial mortgages

If you’re looking to purchase a shop or office premises, or another type of commercial building such as a restaurant or hotel, then we can help you secure a commercial Spanish mortgage.

The terms and rates of interest differ from those of a residential mortgage, with lenders usually offering around 50% to 60% of the purchase price. One of our Mortgage Consultants will be happy to explain all of the details. Explore our commercial mortgages.

Alternative residential lending and bridging finance

If you think that you don’t exactly fit the criteria for a straightforward resident or non-resident mortgage, there are other options available to you outside of the traditional lending routes. These loans come from alternative lenders registered with the Bank of Spain, who look at each application individually. We can also arrange bridging finance if you need to buy before other funds arrive. See if you qualify for alternative residential lending. 

Why arrange your Spanish mortgage with Fluent Finance Abroad?

Decades of experience 

Fluent Finance Abroad has been in the Spanish mortgage business for almost 20 years, and our reputation within the Spanish lenders is second to none; we have been able to secure preferential and exclusive mortgage rates for our clients.

We can assist with any mortgage needs

As everyone’s requirements are different, and as interest rates change and vary over time and from lender to lender, you do need to talk with our Mortgage Consultants. We will provide you with the very best mortgage deal for your circumstances based on the current market conditions.

We can secure whatever type of mortgage meets your needs, and cater for both non-residents and residents alike. Lenders offer fixed, variable and, in some cases, mixed rates. 

Bespoke rates and terms

As we negotiate directly with a range of banks, we can offer our clients tailor-made rates and terms, specifically to match each and every requirement. 

Find the right Spanish mortgage for you

As everyone’s requirements are different, and interest rates vary from lender to lender, the best way to find your ideal mortgage is to speak to one of our Mortgage Consultants. We’ll compare the market and find the very best deal for your circumstances.

Call +34 952 85 36 47 or email info@fluentfinanceabroad.com to get in touch.