Mortgage in Portugal for Foreigners: Clear and Simple Guide

Buying a house in Portugal as a foreigner — whether from the United States or Canada — is totally possible and simpler than most imagine. Portuguese banks have been financing international buyers for many years, even without residence in the country, as long as there is financial stability and organized documentation.

How financing for foreigners works

• Usual financing: 60% to 70% of the appraisal value

• Long lead times, often up to 30–40 years

• It is not necessary to live in Portugal

• It is mandatory to have a NIF (quick and easy to obtain)

Commonly requested documents

• Passport

• Proof of income (IRS, Notice of Assessment, paystubs)

• Bank statements

• Proof of address

• Stable financial history

Why so many Americans and Canadians choose Portugal

• Security and stability

• Mild climate

• Affordable healthcare system

• Balanced cost of living

• Solid real estate market

• Quiet and welcoming lifestyle

Is it a safe process?

Yes. The Portuguese banking system is highly regulated and transparent. With professional monitoring — consultant, lawyer and bank — the process becomes clear, protected and without surprises.