How a mortgage works in Catalonia: a clear guide to buying a home

Buying a home is one of the most important financial steps you’ll take, and understanding how a mortgage works in Catalonia is key to making the right decision. At Procasa, a real estate agency in Roses and Empuriabrava, we guide our clients through the entire buying process, including financing, so they can move forward with confidence and without surprises.

What is a mortgage?
A mortgage is a loan that a bank grants you to buy a home. In return, the property itself serves as collateral for the loan.

In Catalonia, as in the rest of Spain, it is common for the bank to finance:

👉 Between 70% and 80% of the purchase price or appraised value(whichever is lower)

This means you should have saved approximately:

👉 20% + an additional 10-12% for expenses

Most common types of mortgage

Before choosing, it is important to know the main types of mortgage:

• Fixed-rate mortgage: You always pay the same monthly payment

• Variable-rate mortgage: The monthly payment can change according to the Euribor rate

• Mixed-rate mortgage: Combines both options

As a real estate agency in Roses and Empuriabrava, at Procasa we help you understand which mortgage best suits your situation and financial profile.

Requirements to apply for a mortgage

For the bank to approve When evaluating a mortgage, several factors will be considered:

• Job stability

• Monthly income

• Debt-to-income ratio

• Available savings

Generally, your mortgage payment should not exceed 30-35% of your monthly income.

Mortgage-related expenses

In addition to the loan, there are certain expenses you should consider:

• Property appraisal housing

• Notary fees (part covered by the bank and part by the buyer)

• Property Registry

• Opening fee (in some cases)

At Procasa, as a real estate agency in Roses and Empuriabrava, we always explain all these costs from the beginning to avoid surprises.

Steps to get a mortgage

The process usually follows these steps:

1. Feasibility study with the bank

2. Prior Approval

3. Property Valuation

4. Binding Offer

5. Signing before a Notary

Throughout this entire process, having professional advice makes things much easier.

Buy in Roses and Empuriabrava with confidence

In areas like Roses and Empuriabrava, where the real estate market is very active, it is essential to have a clear understanding of your financing capacity before looking for a property.

At Procasa, as a real estate agency in Roses and Empuriabrava, we not only show you properties, but we also help you to: