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BBVA Mortgage Guide

Step-by-step guide to buying your new home

This guide is designed to help you make well-informed choices when purchasing your new property.

Important factors to consider when buying a home

Identify your needs

Look beyond the price, factors like location, orientation, and overall environment are equally important.

Assess your financial situation

Review your income, monthly expenses, and available down payment to determine a realistic budget for your purchase.

Research the property market

Explore the options available. Visit multiple properties to understand what the market offers and compare possibilities.

Evaluate each property carefully

Consider the location, condition of the property, maintenance costs, and potential resale value before making a decision.

What costs should you consider when buying a home?

  • Transaction costs
    These include fees related to the property purchase, such as stamp duty, real estate agent commissions, and notary charges.
  • Ongoing housing expenses
    Consider maintenance, condominium fees, property taxes, and any potential renovation costs.
  • Mortgage payments
    Whether you choose a fixed or variable rate, monthly mortgage installments should be included in your budget.
  • Insurance
    Protect your investment with a policy that offers coverage against damage or unforeseen events, giving you peace of mind.

Have you already made your decision?

Here’s a 6-step guide to getting a BBVA mortgage:

01
Fill out the application
Complete the request form with your details, and we will contact you within 24 hours.
02
Consultation with BBVA
We’ll review your application, explain the benefits of your chosen mortgage, and provide the list of required documents. You’ll also receive a link to IDOS, our online portal for managing your mortgage.
03
Submit your documents
Log in to IDOS to upload and electronically sign all documents necessary for your mortgage application.
04
Income verification
The bank will assess your creditworthiness and issue an income approval once your documentation is complete.
05
Legal review and appraisal
An appraiser will contact you within two days to schedule a property evaluation, and the notary you choose will prepare a legal analysis of the property.
06
Final approval and closing
After final bank approval, we’ll arrange the closing date and the payment details to the seller. We’ll also send you the documents to sign and confirm that home insurance has been secured.

The mortgage from A to Z

Acceptance

An agreement where a third party agrees to take on the responsibility of repaying a debt on behalf of the original borrower. A mortgage assumption occurs when this third party takes over the loan repayment to the creditor.

The process of gradually repaying a loan through scheduled installments, each containing a portion of the principal and a portion of interest.

A document that certifies a building’s energy efficiency and, where applicable, specifies its key energy characteristics.

The main interest rate set by the European Central Bank, applied to short-term financing operations for commercial banks in the euro area.

The sum of all expenses related to a credit agreement that the consumer is responsible for, including interest, fees, commissions, and taxes, but excluding notary costs.

Short for Euro Interbank Offered Rate, it is the reference interest rate for interbank loans in Europe. For mortgages, Euribor is used to determine the variable interest rate applied to the outstanding loan balance.

BBVA Mortgage and Current Account Terms For the full contractual terms and conditions of BBVA mortgages, please refer to the General Information on Consumer Real Estate Credit available in the “Transparency” section of our website. Complete details on the BBVA Current Account, additional services, and promotions can be found in the Information Sheets and terms and conditions available in the same section. Mortgage loans are secured by a lien on the property and are always subject to the Bank’s approval. Insurance Policies The insurance products mentioned here are provided by Quixa Assicurazioni SpA (Home & Family policy, Building Fire coverage) and AXA France VIE SA – General Representative for Italy (AXA Partners Italia Mutuo Sicuro Infortuni e Malattia; AXA Partners Italia Mutuo Sicuro Infortuni) and are distributed by BBVA Mediación, Operador de Banca Seguros Vinculado, SA in collaboration with Innofin SIM SpA. Before purchasing any insurance, carefully review the Information Set for each policy, available [here]. Current Account Interest Offer The current account balance interest promotion applies to all new customers who open a BBVA Account by July 30, 2025, even if no BBVA Mortgage is taken out. The account offer itself is valid for sign-ups until September 30, 2025. Interest is calculated annually on balances up to €1,000,000, with no minimum required. It accrues daily based on the account balance and is paid monthly, during the first business days of the following month, net of applicable taxes, via direct deposit. For the first six months after account opening, the gross interest rate is 3%. After this period, until December 31, 2027 (with possible extension at the Bank’s discretion), the gross interest rate will be equal, on a quarterly basis, to 25% of the ECB “Deposit Facility” rate, calculated on the day before each quarter begins. The current ECB deposit rate can be checked at www.ecb.europa.eu . The Bank will notify customers of the applicable rate at the start of each quarter. Cashback Promotion Earn cashback on the first €280 of purchases each month for the first six months following your first debit card transaction, when opening a BBVA Account by September 30, 2025.