Spain mortgage guide
How Much Can I Borrow for a Mortgage in Spain?
Two ceilings determine how much mortgage you can get in Spain. First, loan-to-value: indicative LTV is 60–70% for non-residents and up to 80% for residents. Second, affordability: Spanish lenders typically want total debt payments under ~35% of net monthly income. Whichever produces the lower loan amount is your cap. Use our calculator for an indicative borrowing range tailored to your profile.
The 35% affordability anchor
Lenders commonly look for total debt repayments — your new Spanish mortgage plus any existing loans — to stay around 35% of net monthly income. Higher income stability and lower existing debt can support higher ratios.
LTV caps your loan
Even with strong income, the loan amount is capped by indicative LTV — typically 60–70% for non-residents and up to 80% for residents. The valuation lender commissions, not the asking price, is what LTV is calculated against.
Run your readiness check
Use our 12-step readiness check to estimate your indicative borrowing range and see brokers experienced with profiles similar to yours.
Frequently asked questions
How much mortgage can I get in Spain?
Take the lower of: (a) 60–70% of the property valuation if non-resident, up to 80% if resident, and (b) the loan size where total monthly debt stays under ~35% of net monthly income. That's your indicative cap.
Does Spain use stress tests?
Yes — lenders apply their own affordability and stress tests, typically pricing in a rate buffer above the current offer. Conditions vary by lender.
Can foreign income be used?
Yes. Foreign income is commonly accepted but may require translated documentation and a stable history of at least 2 years.
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