Introduction
Buying property abroad is becoming a popular trend. Whether you’re an expat, an investor, or someone who just wants a second home, getting a mortgage in a foreign country is now easier than ever. Many banks around the world are offering flexible mortgage options for non-citizens in 2025. In this article, we’ll explain which countries offer mortgages to foreigners, what documents you’ll need, and which lenders are best.
Countries That Offer Mortgages to Foreigners
Here are some of the best countries that allow foreigners to apply for home loans:
1. Canada
- Very foreigner-friendly.
- No citizenship or residency requirement.
- Can get mortgage up to 65%-80% of property value.
2. United Arab Emirates (UAE)
- Foreigners can buy in freehold zones (e.g., Dubai, Abu Dhabi).
- Many local banks offer home loans.
- Down payment is around 20%-25%.
3. Portugal
- Great for those using the Golden Visa program.
- Mortgages up to 70%-80% available.
- Fixed and variable interest rate options.
4. Spain
- Foreigners can easily qualify.
- Up to 70% financing for non-residents.
- Good for vacation and investment properties.
5. Thailand
- Foreigners can’t own land, but can buy condos.
- Mortgage options are limited but improving.
- Best through international banks like UOB or HSBC.
6. Germany
- Stable economy and low interest rates.
- Foreigners need strong proof of income and creditworthiness.
- Mortgage up to 60%-70% of property value.
Documents You’ll Need
To apply for a mortgage as a foreigner, here are the most common documents you’ll need:
- Valid passport and visa/residency permit
- Proof of income (job contract, payslips, bank statements)
- Credit report from your home country
- Tax identification number
- Property purchase agreement
- Proof of down payment
- Reference letter from employer or bank
Each country may have different rules, but these documents are typically required.
Top Banks Offering International Mortgages
Here are some of the most reliable banks and lenders offering mortgages to foreign buyers:
| Country | Bank Name | Mortgage Highlights |
|---|---|---|
| Canada | RBC, TD Canada Trust | Non-resident mortgages up to 80% financing |
| UAE | Emirates NBD, Mashreq Bank | Low down payments and long tenures |
| Portugal | Santander, Novo Banco | Golden Visa support, flexible terms |
| Spain | CaixaBank, BBVA | Non-resident packages available |
| Germany | Deutsche Bank, ING-DiBa | Low-interest options with strict credit checks |
| Thailand | UOB, Bangkok Bank | Condo financing for foreigners |
Tip: International banks like HSBC and Standard Chartered are great options if you’re seeking a global lender with multi-country services.
Interest Rates by Country (2025 Estimates)
| Country | Average Interest Rate (2025) | Notes |
|---|---|---|
| Canada | 5.5% – 6.5% | Higher for non-residents |
| UAE | 3.5% – 4.5% | Fixed & floating available |
| Portugal | 3.0% – 4.0% | Good for long-term fixed mortgages |
| Spain | 3.5% – 5.0% | May vary by region |
| Germany | 2.5% – 3.5% | Very low but strict approval process |
| Thailand | 5.0% – 6.5% | Higher for non-residents |
Expert Tips for Quick Approval
Here are expert suggestions to increase your chances of mortgage approval:
- Improve Your Credit Score – Lenders will review your credit report even from your home country.
- Show Stable Income – Job security and steady monthly income help gain trust.
- Choose the Right Property – Banks are more likely to approve loans for properties in urban or high-demand areas.
- Work with a Mortgage Broker – International mortgage brokers can help speed up the process and handle paperwork.
- Use a Local Co-signer – Some countries allow local guarantors to co-sign, which increases your credibility.
FAQs
Q: Can a foreigner buy property without citizenship?
A: Yes, in many countries, citizenship is not required—just a valid passport and income proof.
Q: Do I need a local bank account?
A: Most lenders will ask you to open a local account to process payments.
Q: What happens if I default on the loan?
A: The bank may repossess the property and restrict you from applying for future loans in that country.
Conclusion
Getting a mortgage as a foreigner in 2025 is very possible—and in many places, it’s easier than before. Countries like Canada, the UAE, Portugal, and Spain are welcoming international buyers. With the right documents, a strong financial profile, and the right lender, you can own your dream home abroad.