Bank-owned properties
Lenders finance up to 100% on homes from their own real estate portfolio. These are usually properties from repossessions offered on special terms.
Full financing
100% financing mortgage
Buying your home without putting down a 20% deposit is possible. We explain how, which requirements you need to meet and what the best options on the market are.
The reality
Can you get full financing?
The short answer is yes, but with caveats. Most banks in Spain finance up to 80% of the property's appraised value, which means the buyer has to provide the remaining 20% as a down payment, plus an additional 10-12% for costs (taxes, notary, land registry and conveyancing). Even so, there are legitimate ways to obtain 100% financing.
Banks can grant a 100% mortgage when the risk is mitigated: through additional guarantees (a guarantor or a second property), for exceptionally creditworthy profiles (such as tenured civil servants), or when the property belongs to the bank's own real estate portfolio, since the lender has a particular interest in offloading those assets.
Requirements
Ways to obtain a 100% mortgage
Solvent guarantor
A relative or trusted person with an unencumbered property or high income who backs your mortgage as an additional guarantee to the bank.
Double guarantee
If you already own an unencumbered property (or one with little debt left), you can offer it as a second mortgage guarantee to obtain 100% on the new one.
Civil servants
Tenured civil servants with a permanent post are a very low-risk profile for banks. Many lenders offer special terms that include 100% financing.
Tips
How to boost your chances
01
Clean up your credit history
Make sure you have no unpaid debts and don't appear on default registries. Banks check ASNEF, RAI and the Bank of Spain's CIRBE before approving a 100% mortgage.
02
Save up for the costs
Even if you secure 100% financing of the property's value, you'll need to have saved 10-12% to cover taxes (ITP or VAT), notary, land registry and conveyancing fees.
03
Show stable income
A long-standing permanent contract, or several years as a self-employed worker with growing turnover, is the best calling card for the bank. Your income must be verifiable and recurring.
04
Use a mortgage broker
A mortgage broker knows each bank's internal policies and which lenders are most open to 100% financing. We negotiate the best possible terms on your behalf.
05
Look for favorable appraisals
If the appraised value exceeds the purchase price, the bank can cover a larger share of the actual price paid. A well-supported appraisal is key to maximizing your financing.
06
Consider bank-owned properties
Financial institutions offer their own properties on special terms: 100% financing, preferential rates and, in some cases, purchase costs included.
Frequently asked questions
Everything about the 100% mortgage
Is it possible to get a 100% financing mortgage?
Yes, although it is less common than a standard mortgage (80% of the appraised value). Banks may offer 100% financing in specific cases: homes from their property portfolio (bank-owned properties), exceptionally creditworthy profiles, civil servants with a permanent post, or when an additional second mortgage guarantee is provided.
What requirements do I need for a 100% mortgage?
The main requirements are: stable, high income (a very low debt-to-income ratio, below 30%, is usually required), enough savings to cover the purchase costs (10-12% of the value), an impeccable credit history with no missed payments, and in many cases an additional guarantee such as a guarantor or a second unencumbered property.
Do I need a guarantor for a 100% mortgage?
Not always, but it is one of the most common routes. A guarantor with an unencumbered property or high income strengthens your application and significantly increases your chances of approval. Some lenders also accept a double mortgage guarantee (mortgaging a second property you already own).
Do civil servants have advantages in getting a 100% mortgage?
Yes. Tenured civil servants with a permanent post are a profile especially valued by banks because of how stable their income is. Many lenders have specific products for civil servants that may include financing above 80%, and in some cases up to 100% of the appraised value, on preferential terms.
Want to know if you can get 100% financing?
We analyze your profile and tell you which banks can offer you full financing. Free of charge, no commitment, with professional advice.