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Mortgage in Spain for US Citizens
Pre-qualify with 6 Spanish banks in 48 hours. No FICO score needed, no branch visit required.
FCA Regulated (#1011029)
6 Partner Banks
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AMERICAN BUYERS IN SPAIN
The Typical US Applicant
47
Median Age
€8,886
Median Monthly Income (EUR equivalent )
€300K
Median Property Price
74%
Buying Alone
43.6%
Debt-Free
25.5%
Self-Employed
42.9%
Primary Residence
38.3%
Second Home
18.9%
Investment
THE DEPOSIT GAP
What Americans Budget vs. What Banks Require
80%
VS
60-70%
TOTAL CASH NEEDED: €300,000 PROPERTY
Property price €300,000
What Americans budget (20% deposit) €60,000
What banks actually require (30-40%) €90,000 – €120,000
Closing costs (taxes, notary, legal: ~10-13%) €30,000 – €39,000
Total cash needed: €120,000 – €159,000
TOTAL CASH NEEDED: €300,000 PROPERTY
Property price €300,000
What Americans budget (20% deposit) €60,000
What banks actually require (30-40%) €90,000 – €120,000
Closing costs (taxes, notary, legal: ~10-13%) €30,000 – €39,000
Total cash needed: €120,000 – €159,000
Free. Takes less than 15 minutes. No commitment.
PARTNER BANKS
Spanish Banks That Lend to Americans
The right match depends on your income type and deposit.
| Bank | LTV Range | English Support | Best For |
|---|---|---|---|
| Sabadell | 60-70% | Good | Self-employed (1099 / mixed income) |
| UCI | 70-75% | Excellent | Non-resident specialists, highest LTV |
| CaixaBank | 60-80% | Moderate | High earners (up to 80% for strong profiles) |
| Bankinter | 60-65% | High | Investors, fastest processing |
| BBVA | 60-70% | Moderate | Stable W-2 income |
| Santander | 60-70% | High | Loans under €100K |
No FICO score needed. Spanish banks evaluate income, employment stability, and deposit — not your US credit score. Spain’s CIRBE registry won’t have your history as a new applicant, and that’s not a problem.
COSTS AT GLANCE
What You'll Pay Beyond the Property Price
Closing costs for non-residents typically add 10-13% to the property price.
| Bank | LTV Range | English Support | Best For |
|---|---|---|---|
| Sabadell | 60-70% | Good | Self-employed (1099 / mixed income) |
| UCI | 70-75% | Excellent | Non-resident specialists, highest LTV |
| CaixaBank | 60-80% | Moderate | High earners (up to 80% for strong profiles) |
| Bankinter | 60-65% | High | Investors, fastest processing |
| BBVA | 60-70% | Moderate | Stable W-2 income |
| Santander | 60-70% | High | Loans under €100K |
For ITP rates by all 17 autonomous communities, see the full costs breakdown.
US TAX OBLIGATIONS
FATCA & Tax Requirements
Compliance obligations for US citizens owning property in Spain. None of these prevent you from getting a mortgage.
| Requirement | What It Is | Threshold / Deadline | Form |
|---|---|---|---|
| FATCA | Bank reports your account to the IRS automatically | All US persons | Handled by bank |
| FBAR | Report foreign bank accounts to FinCEN | $10,000+ at any point in year | FinCEN 114 |
| Double Tax Treaty | US-Spain treaty prevents double taxation | Claim credit for Spanish taxes paid | Form 1116 |
| Rental Income | Report foreign rental income to IRS | All rental income | Schedule E |
| Property Sale | Report sale on US return; $250K/$500K exclusion may apply | At disposal | Form 8949 + Schedule D |
TOP DESTINATIONS
Where Americans Buy in Spain
| Region | % of US Buyers | Profile |
|---|---|---|
| Malaga / Costa del Sol | 17.2% | Expat hub, year-round climate, strong rental demand |
| Barcelona | 14.4% | Urban lifestyle, higher prices, popular with remote workers |
| Madrid | 13.4% | Business hub, year-round rental demand, growing expat community |
| Valencia | 12.4% | Affordability + beach lifestyle, lower prices than Barcelona/Madrid |
| Alicante / Costa Blanca | 11.0% | Lower cost, established international community, retiree-friendly |
| Other (Cadiz, Canarias, Balearics…) | 31.6% | Distributed across 15+ provinces |
REAL OTCOMES
What Signed Loans Look Like
| Deal | Property Price | Bank | Loan Amount | LTV | Purpose |
|---|---|---|---|---|---|
| Deal 1 | €300,000 | Sabadell | €195,000 | 65% | Primary residence |
| Deal 2 | €180,000 | UCI | €126,000 | 70% | Second home |
| Deal 3 | €500,000 | CaixaBank | €350,000 | 70% | Investment |
| Deal 4 | €250,000 | Sabadell | €150,000 | 60% | Second home |
| Deal 5 | €420,000 | UCI | €315,000 | 75% | Primary residence |
Anonymized data from real signed deals. Values vary by applicant profile, bank, and property type.
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