HIPOTECA
What does 100% financing mean?
100% mortgages are those that grant, through a bank or financial institution, the full amount of the appraisal or sale value of the property to be acquired.
Currently, it is very rare for banks to provide financing for 100% of the value of a home.
What is the most common financing?
The amount that banks or financial institutions normally provide as financing is 80% of the appraisal value or purchase and sale of housing for the case of clients residents, that is, those who have their tax residence in Spain.
Non-residents will be able to access a maximum of 60% of the appraisal or sale value.
What documentation is required?
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NIF (Tax Identification Number)
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Last 3 payslips
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Credit report of the country of residence
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CIRBE risk information for the country of residence
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Employment contract (employee) or self-employed (self-employed income)
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12-month bank statement where the payroll or income is domiciled
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Last tax return
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Registration of assets (properties, vehicles, etc.)
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Certificate of tax residence in your country
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If you have loans or credits, the last 3 receipts for them
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Purchase and sale contract or deposit and documentation of the property to be acquired
