Spanish Mortgages for US Citizens

Yes. Multiple FATCA-compliant Spanish banks lend to Americans, typically offering up to 60% LTV. The key is working with banks experienced in US applications and having properly apostilled documents.

FATCA requires foreign banks to report US accounts to the IRS. It doesn't stop you getting a mortgage but it limits your options to FATCA-compliant banks. We only work with banks that actively accept American buyers.

Plan for 40% (60% LTV). Total cash needed is about 50-55% of property price when you include taxes and fees.

We match you with banks based on your specific profile, considering income type, property location, loan amount, and personal circumstances. Not all banks are equal for all situations; we know which ones work best for each type of US buyer.

Typically 3.5-4.5% fixed (about 0.5-1% higher than UK/EU buyers due to FATCA complexity and fewer competing banks).

10-12 weeks on average. Longer than UK/EU buyers because apostille adds time to document prep and FATCA verification adds time to bank processing.

Only once for the notary signing (escritura). Everything else can be done remotely. Alternatively, you can grant power of attorney to a Spanish lawyer.

You'll need to report foreign accounts (FBAR if >$10K) and potentially file Form 8938. The US-Spain tax treaty prevents double taxation. We recommend consulting a CPA experienced with foreign property.

Going bank-to-bank asking "do you work with Americans?" wastes months. We know which banks accept US buyers, how to present your income correctly, and which loan officers to approach. Our fee (paid only at completion) saves you significant time and often gets you better terms.