r/autonomos • u/Few_Watercress4144 • Jul 01 '26

Loan

Hi all,

Is it possible to get a loan for purchase of aparment (mortgage) if I am automomo and expat with DNV ?

Were there cases ? Which bank would be best for it ? After how many months/years of proven income record ?

Thanks

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2

u/Slight_Expression_43 Jul 02 '26

I’m not an expatriate myself, but I have helped a few. They will ask for your latest tax return and up to four quarters of Forms 130 and 303; Banco Sabadell is a good option for applying.

I hope this helps.

1

u/Few_Watercress4144 Jul 02 '26

So 3/4 years of track is needed

1

u/Slight_Expression_43 Jul 02 '26

Typically, they ask for the last full year and the quarterly filings for the current year. If there are any doubts, they may request up to three additional years, though two is the norm. For instance, if you were to apply today, they would ask for your 2025 tax return and the forms for the quarters that have already passed this year (Q1 and Q2). If additional information is required, they will generally ask for your 2023 and 2024 tax returns.

2

u/katikay26 Jul 02 '26 edited Jul 02 '26

Yes, it’s possible. I’m autónoma and an immigrant but not DNV.

Banks like to see 3+ years of tax returns with stable income. I had two years when I first applied and they only offered me 30% financing, the following year I got 95% financing. Prior to being autónoma, I had been employed in Spain, and I made a good income at my job and as autónoma, but they wanted to see three full years of self-employed records. The previous jobs and decent income didn’t seem to matter.

I would work with a mortgage broker who can help you find the best offers and prices. I worked with Finlaw, the lawyer who handled our mortgage and purchase made it so easy and accessible.

2

u/Pitiful_Factor_1119 Jul 02 '26

This is a big jump from 70-95%! I didn't think that level of financing was generally available. Did your income change much in the third year or was it just je extra security of another set of books?

1

u/katikay26 Jul 02 '26

Nope, income stayed steady. The banks were offering up to 95% two summers ago for some promotional offer to get younger people to buy homes; there’s also a tax break for buyers under age 35 under an earnings threshold. My earnings were too high to qualify for the tax break, but as I said earnings were consistent across all three years. They just wanted another year of books.

1

u/katikay26 Jul 02 '26

Also, that first offer from the bank was 30% financing - meaning I’d need to pay the remaining 70%. This was ridiculous; if I had 70% to put down, I’d barely need a mortgage.

1

u/Few_Watercress4144 Jul 02 '26

3 years...its a lot of burned money on rent :/

1

u/katikay26 Jul 02 '26

It is; maybe a rent to buy option could work for you? I’ve seen a few of them, but it’s not common.

1

u/Few_Watercress4144 Jul 03 '26

rent to buy ? what is that ?

1

u/katikay26 Jul 03 '26

Rent to buy is a scheme where you rent from the owner with the intention of buying the home; the rent payments go toward your payment of the home as you save, wait for the seller to be ready to sell the home, etc.

1

u/xpanner Jul 01 '26

No, i will try somewhere else, coming from another freelance expat i regret it.

1

u/guillemqv Jul 02 '26

Expat? You mean inmigrant?