100% financing mortgage: how to buy a home without savings

Do you think you need €30,000 or €40,000 in savings to buy a home?  

That is one of the main reasons why thousands of people rule out buying a home before even analysing their real financing options. 

However, our experience confirms that it is possible to obtain financing above 90%, even in complex cases.  

It is becoming increasingly common to secure this type of mortgage conditions and coverage for people over 40, small loans and/or buyers without savings. 

The secret? The agreements and negotiating power of our advisors, experts in mortgage brokerage and dealing with banks.cos.

At aFinance, we help you secure your mortgage with the highest financing possible. As a mortgage broker, we analyse your options with different banks and negotiate the conditions to find the best mortgage. 

DISCOVER YOUR BEST MORTGAGE 

Before looking at the situations in which you can get a 100% mortgage, it is important to understand the type of profile that financial institutions usually look for in this kind of transaction. 

It is not about meeting a single isolated requirement, but about matching a set of conditions that the bank considers as a whole to determine the level of risk involved in the transaction. 

What type of profile do banks look for when granting a 100% mortgage?

To grant a 100% mortgage, banks do not only analyse your income, but also the stability and financial strength of your profile.

The aspects they usually value the most are:

• At least 6 months of employment history.
• Stable income of more than €1,600/month per household.
• A permanent employment contract or public sector employment.
• Mortgage repayments that do not exceed 30%-35% of your monthly income.
• No high personal loans or other debts that could compromise your repayment capacity.

In addition, it is not all about the numbers. Some institutions also value personal stability, family responsibilities, continuity of your life project or certain circumstances that reflect a stronger profile with greater long-term potential.

At aFinance, we know which personal aspects make the difference and which banks place greater value on them, allowing us to present each case in the most favourable way to maximise your chances of securing a mortgage with 100% financingn.

Below, in this video, we explain how a 100% financing mortgage works and in which cases you can obtain one:

FILL IN THE FREE PRE-ASSESSMENT FORM 

After assessing your profile, we explain in which situations you can access financing of up to 100% of the property's value.a. 

This does not depend solely on your profile, but also on the type of property and the context of the mortgage transaction. 

Properties with special conditions

There are properties that can make this type of financing easier, such as: 

• Properties owned by banks. 
• Assets from repossessed property portfolios.  
• Properties with special sales conditions.  
   

In addition, in some autonomous communities there are public support programmes or government guarantees that make it easier to buy your first home, improving financing conditions. 

Properties with a favourable valuation

The value of the property is key to the transaction. 

It can help you when: 

• The valuation is equal to or higher than the purchase price. At aFinance, we work with different valuation companies and know how to approach this process so that the valuation reflects the property's real value as accurately as possible, increasing your chances of obtaining the financing you need.
• The property has high market demand.  
• PIt offers good liquidity in the event of resale.a.  

The bank also takes into account the overall mortgage transaction. The lower the perceived risk, the higher the percentage of financig the insitution may be willing to grant. 
 

CONTACT US AND WE WILL HELP YOU FIND THE HIGHEST FINANCING 

3- Which banks can offer a 100% mortgage?

Not all banks grant 100% mortgages, as each institution applies its own risk criteria. However, some offer this type of financing when both the applicant's profile and the property meet certain conditions.

At aFinance, we work with all financial institutions in Spain, including BBVA, Santander, CaixaBank, Banco Sabadell, Bankinter, ING, Unicaja, Ibercaja, Abanca and many more.

We analyse your profile and negotiate with the banks that offer the best possibilities for your case, giving you access to financing options that, in many cases, are not available to individuals who apply on their own.

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