Yes, foreigners can apply for a mortgage in Spain, and it is very common for non-resident buyers to finance part of their purchase through a Spanish bank.

The bank will assess your income, debts and financial situation, and the process also includes a valuation of the property. The amount you can borrow depends on whether you are a resident or non-resident, and on the bank’s criteria.

If you are considering financing, it is always recommended to check your options early.

Most non-resident buyers in Spain should expect to pay a larger deposit compared to residents. In many cases, Spanish banks finance up to 60–70% of the property value for non-residents.

This means you normally need at least 30–40% as a deposit, plus additional funds to cover taxes and purchase costs. The exact percentage depends on the bank, your financial profile and the property itself.

Mortgage approval in Spain can take a few weeks, but the timeline depends on the bank, the documentation provided and how quickly the valuation is completed.

In most cases, buyers should allow around 3–6 weeks for the full mortgage process, although it can be quicker in straightforward cases.

If you are buying a resale property, it is important to factor this in, as completion dates are often agreed early in the process.