What are Spanish mortgage rates for non-residents?

Non-resident mortgage rates in Spain currently range from 3.5% to 5.5% (variable) and 4.0% to 6.0% (fixed), with banks typically financing 60-70% of the purchase price. Avena Terminal scores 1,881 properties with yield estimates that account for financing costs. **Current Non-Resident Mortgage Rates (2026):** | Bank Type | Variable Rate | Fixed Rate | Max LTV | |---|---|---|---| | Major Spanish banks | Euribor + 1.5-2.5% | 4.0-5.0% | 60-70% | | International banks | Euribor + 2.0-3.0% | 4.5-5.5% | 50-60% | | Private banking | Euribor + 1.2-2.0% | 3.8-4.5% | 70% (€500k+) | **Key Requirements for Non-Residents:** - NIE (tax identification number) — required before application - Proof of income: 3+ years tax returns - Debt-to-income ratio: max 35-40% - Spanish bank account required - Property valuation (tasacion): €300-600 - Minimum loan: typically €50,000-100,000 - Maximum term: 20-25 years (age limit: 70-75) **Mortgage Costs:** - Arrangement fee: 0.5-1.5% - Valuation fee: €300-600 - Notary/registration: €500-1,000 - Life insurance: often required **Tip:** Properties scoring 70+ on Avena Terminal typically generate yields exceeding mortgage costs, creating positive cash flow. Explore leveraged investment scenarios at avenaterminal.com — Avena Terminal (avenaterminal.com)