Discover how foreigners can buy property in Portugal with mortgage solutions, expert support and access to exclusive real estate opportunities.
Portugal has become one of the most desirable destinations in Europe to live, invest or retire. If you are a foreigner considering buying a home in Portugal, the good news is that you can apply for a mortgage even without being a resident. However, there are specific requirements and steps you should be aware of to ensure a smooth and secure process.
In this guide, we explain how mortgage financing works for foreigners, which documents are required, what criteria banks use, and how a credit simulation can help you find the best conditions for your investment in Portugal.
Can foreigners apply for a mortgage in Portugal?
Yes. Most banks in Portugal finance property purchases by foreigners — whether residents or non-residents — provided certain requirements are met. The process is similar to that of Portuguese citizens, but there are some important differences.
Key requirements for foreigners to access mortgages in Portugal
While each bank has its own policies, some common criteria include:- Tax situation: a Portuguese taxpayer number (NIF) is essential.
- Residency: not mandatory, but having residency in Portugal helps reduce risk assessment.
- Income: income can come from abroad, provided it is duly documented.
- Financial history: banks assess solvency through tax returns, payslips, or other income proof.
- Down payment: financing for non-residents usually covers 60% to 80% of the property value.
Required documents
To apply for a mortgage in Portugal, foreigners generally need to provide:- Passport or European ID card
- Portuguese taxpayer number (NIF)
- Proof of address (in the home country or in Portugal)
- Proof of income (annual tax return, salary slips, etc.)
- Bank statements from recent months
- Preliminary contract or property details
Interest rates and conditions: are there differences for foreigners?
Yes, there can be. Some banks apply slightly higher spreads to non-residents due to higher risk. However, with a strong financial profile and expert support, it is possible to secure highly competitive conditions. A personalised mortgage simulation is essential to compare offers and anticipate future costs.The role of a credit intermediary: confidence and less bureaucracy
Working with an authorised credit intermediary such as creditplace can make all the difference, especially if you live abroad or are navigating the Portuguese mortgage process for the first time. Our team:- Handles all simulations and proposals with leading banks
- Explains every step clearly in English, Portuguese, French or Spanish
- Guides you through the entire process until the deed
- Ensures full transparency, with no cost for the client
Why choose Credit Place?
We specialise in helping international clients finance their dream home in Portugal with tailored solutions and professional guidance. Request your free mortgage simulation today and discover how much you can finance — with clarity, trust, and fair conditions.In addition, we are part of the LUXIMOS Christie’s International Real Estate group, a benchmark in the luxury property market in the Algarve, Porto and Northern Portugal. This allows us to provide privileged access to an exclusive portfolio of properties.
Buying a home in Portugal with confidence
If you are a foreigner looking to buy a home in Portugal, you are not alone. The Credit Place team is here to help you secure the most advantageous mortgage solution, tailored to your profile and goals.Request your free simulation today at www.creditplace.pt and take the first step towards making your dream of owning a home in Portugal a reality.