Authored by the expert who managed and guided the team behind the Morocco Property Pack
Everything you need to know before buying real estate is included in our Morocco Property Pack
Yes, foreigners can get a mortgage in Morocco in 2026, but the terms are stricter than for local residents.
Banks typically offer non-resident foreigners up to 50% financing, which means you will need significant cash upfront.
We constantly update this blog post to reflect the latest rules and market conditions.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Morocco.
Can foreigners get a mortgage in Morocco right now?
Can a foreigner get a residential mortgage in Morocco right now?
Yes, foreigners can obtain a residential mortgage in Morocco in early 2026, and BANK OF AFRICA even has a dedicated product called "Immo Plus Riad" specifically for non-resident foreign buyers.
Foreign nationals who already live in Morocco with valid residency and a local banking history generally have the easiest access because banks can verify their income and behavior directly.
The most common restriction Moroccan banks impose on foreign applicants is a lower loan-to-value ratio, with non-residents typically limited to financing only 50% of the property value.
By the way, we have a whole document dedicated to mortgages for foreigners in our property pack about Morocco.
Can I get a mortgage in Morocco without residency?
Yes, non-residents can obtain a mortgage in Morocco, though banks treat these applications as higher risk and adjust their terms accordingly.
Moroccan banks typically distinguish between non-resident foreign nationals living abroad, resident foreign nationals with valid status in Morocco, and work visa holders with local employment contracts.
When you apply without permanent residency in Morocco, banks usually require a larger down payment (around 50%), stricter income documentation, and funds routed through a convertible dirham account.
By the way, we've written a blog article detailing residency and citizenship options that exist when you buy property in Morocco.
Do banks require a local work contract in Morocco right now?
For resident foreigners in Morocco, most banks strongly prefer or require a local employment contract, but non-residents obviously cannot provide this and banks evaluate them differently.
If you do not have a local work contract, Moroccan banks typically accept foreign employment contracts, business income documentation with tax returns, bank statements showing consistent deposits, and accountant-certified income letters.
When a local work contract is present, banks in Morocco usually want to see at least 6 to 12 months of employment history with your current employer before they consider your mortgage application stable.
Can self-employed foreigners qualify for a mortgage in Morocco?
Yes, self-employed foreigners can qualify for a mortgage in Morocco, but they face more scrutiny than salaried applicants and need to present a very clean financial picture.
Banks in Morocco typically require self-employed applicants to show 2 to 3 years of consistent income history through tax returns, accountant letters, and bank statements that demonstrate business stability.
Is foreign income accepted for mortgages in Morocco right now?
Yes, Moroccan banks accept foreign income for mortgage applications, and for non-resident buyers this is essentially the only option since they earn money abroad.
When you earn income outside Morocco, banks typically require employment contracts or business documentation, 6 to 12 months of bank statements from a reputable institution, and proof that funds entering Morocco flow through proper channels like a convertible dirham account.
Can I buy a primary home (and an investment property?) with a mortgage in Morocco as a foreigner?
Yes, foreigners can obtain a mortgage for a primary home in Morocco, and banks often view personal-use properties favorably if you can demonstrate long-term intent such as family ties or frequent visits.
Foreigners can also finance investment properties in Morocco, though banks may apply stricter conditions like discounting expected rental income and requiring more equity in the deal.
If you're buying for investment, you might want to check our blog article about buying and renting out in Morocco.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Morocco versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What are the eligibility rules banks actually use in Morocco?
What minimum monthly income do I need in Morocco as of 2026?
As of early 2026, there is no official minimum income published by Moroccan banks, but based on typical affordability calculations for a standard urban property, you would need roughly 18,000 to 25,000 MAD per month (around 1,800 to 2,500 USD or 1,650 to 2,300 EUR).
Most approved foreign borrowers in Morocco fall into a higher income range, often above 25,000 MAD monthly (2,500 USD / 2,300 EUR), because the 50% down payment requirement already filters for financially stronger applicants.
The minimum income requirement in Morocco scales directly with your loan amount: a 1,000,000 MAD loan at current rates requires roughly 19,000 MAD monthly income, while a 2,000,000 MAD loan would need proportionally more.
Yes, banks in Morocco generally allow combining household incomes from co-borrowers such as spouses to meet the minimum threshold, which can help couples qualify for larger loans together.
What debt-to-income limit do banks use in Morocco right now?
Banks in Morocco typically approve mortgages when total debt payments stay below 30 to 35% of net monthly income, though strong applicants with high income and significant assets can sometimes stretch to 40%.
When calculating your debt-to-income ratio, Moroccan banks include all existing monthly obligations such as car loans, personal loans, credit card minimum payments, and any other mortgage payments you already have.
Do I need a local credit score in Morocco right now?
Morocco does not use a consumer credit score system like the United States, so you do not need a "Moroccan credit score," but banks will review your local banking behavior if you have accounts in the country.
Foreign credit reports can help support your application, but Moroccan banks primarily rely on bank statements, income documentation, and your track record of meeting existing debt obligations rather than a single score number.
Do banks require a local guarantor in Morocco right now?
Moroccan banks generally do not require a local guarantor for foreign mortgage applicants, preferring instead to manage risk through lower loan-to-value ratios and the property itself as collateral.
Banks are most likely to request a guarantor when the borrower's income is difficult to verify, the property is in a hard-to-value location, or the applicant has a thin financial history in Morocco.
If a guarantor is required, that person typically needs to be a Moroccan resident with stable income, good banking history, and the financial capacity to cover the loan payments if you default.
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How much cash do I need upfront in Morocco as of 2026?
What's the minimum down payment in Morocco right now?
For foreign non-resident buyers in Morocco, the minimum down payment is typically around 50% of the property value, since at least one major bank publicly caps financing for this group at 50%.
Across different banks and buyer profiles in Morocco, down payment requirements range from 30% for well-established resident foreigners with strong local banking relationships up to 50% or more for non-residents without local ties.
You might secure a lower down payment requirement in Morocco if you have permanent residency, a local employment contract with salary deposits at the lending bank, or an existing long-term banking relationship with the institution.
What loan terms can I realistically get in Morocco as of 2026?
What mortgage interest rates are typical in Morocco as of 2026?
As of early 2026, mortgage interest rates in Morocco typically range from about 4.7% to 5.7%, with the official Bank Al-Maghrib lending survey showing average mortgage rates around 5% through recent quarters.
The factors that most influence your interest rate in Morocco include your down payment size, income stability, whether you choose fixed or variable, the loan term length, and your overall relationship with the bank.
Foreigners in Morocco generally receive similar rates to locals when they have strong profiles, but non-residents with higher perceived risk may see rates at the upper end of the range, roughly 0.25% to 0.5% higher in some cases.
The interest rate is one of the factors we look at when assessing whether now is a good time to buy a property in Morocco.
Are fixed-rate mortgages available in Morocco right now?
Yes, fixed-rate mortgages are available to foreigners in Morocco, and BANK OF AFRICA's non-resident product explicitly offers both fixed and variable rate options.
Moroccan banks typically offer fixed-rate periods that can extend for the full loan term (up to 25 years), though some banks also offer variable rates tied to a benchmark that follows Bank Al-Maghrib's monetary policy conditions.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Morocco. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
How do I maximize approval chances in Morocco right now?
What financial profile gets "yes" fastest in Morocco right now?
The ideal profile that gets mortgage approval fastest in Morocco is a salaried professional with stable long-term employment, clean bank statements with no overdrafts, and a down payment of 50% or more already sitting in a properly set up account.
Banks in Morocco consider an income of at least 25,000 MAD monthly (around 2,500 USD or 2,300 EUR) with a debt-to-income ratio below 30% as the sweet spot for fast, easy approval.
Employment with a well-known company for at least 2 years, or self-employment with 3 or more years of consistent documented income, is most favored by Moroccan banks reviewing mortgage applications.
A down payment of 50% or higher signals a strong applicant profile in Morocco, and for non-resident foreigners this is often the baseline requirement rather than a bonus.
We give more detailed tips in our pack covering the property buying process in Morocco.
What mistakes make foreigners get rejected in Morocco right now?
The most common mistake that leads to rejection for foreigners in Morocco is attempting to finance with a small down payment when banks clearly expect 50% equity from non-residents, wasting time on applications that were never going to work.
The financial red flag that most often disqualifies foreign applicants in Morocco is a messy or unclear funding trail, where money entering the country cannot be traced through proper channels like a convertible dirham account.
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Which banks say yes to foreigners in Morocco right now?
Which banks are most foreigner-friendly in Morocco as of 2026?
As of early 2026, BANK OF AFRICA stands out as the most explicitly foreigner-friendly bank in Morocco because it publicly markets a mortgage product called "Immo Plus Riad" specifically designed for non-resident foreign nationals.
What makes BANK OF AFRICA more accessible is that it clearly states its terms upfront: up to 50% financing, fixed or variable rates, and loan terms up to 25 years, so foreign buyers know exactly what to expect before applying.
Which banks accept non-resident borrowers in Morocco right now?
BANK OF AFRICA explicitly accepts non-resident borrowers through its Immo Plus Riad product, while other major banks like Attijariwafa bank, Banque Populaire, BMCI, and CFG Bank may consider non-residents on a case-by-case basis depending on the strength of the file.
These banks typically impose additional requirements on non-residents including a 50% minimum down payment, income verification from reputable foreign sources, and funds routed through a convertible dirham account to satisfy Morocco's foreign exchange regulations.
Do international banks lend more easily in Morocco right now?
International banks do not automatically lend more easily to foreigners in Morocco, because all mortgage underwriting still follows Moroccan credit policies and collateral requirements regardless of the bank's global presence.
BMCI, which is part of the BNP Paribas group, has a presence in Morocco and offers mortgages, and some buyers find that banks with international compliance processes handle foreign documentation more smoothly.
The main advantage of using an internationally connected bank in Morocco is that their staff may be more familiar with foreign income verification, multi-currency situations, and cross-border documentation standards.
We made this infographic to show you how property prices in Morocco compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Morocco, we always rely on the strongest methodology we can, and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Bank Al-Maghrib Lending Rates | Morocco's central bank publishes official quarterly mortgage rate surveys. | We used this to anchor typical mortgage interest rates in Morocco for 2026. We avoided relying on broker or blog rate claims. |
| Bank Al-Maghrib Policy Rate History | Official record of the central bank's key rate decisions. | We used this to confirm the 2.25% key rate context for early 2026. We explained how mortgage pricing follows the central bank's stance. |
| BANK OF AFRICA Immo Plus Riad | Major Moroccan bank with a published product for non-resident foreigners. | We used this to confirm foreigners can get mortgages and to anchor the 50% financing cap. We referenced it throughout as a concrete proof point. |
| Office des Changes - Convertible Dirham Accounts | Morocco's official foreign exchange authority explains account requirements. | We used this to explain the convertible dirham account concept. We translated the paperwork into practical steps for foreign buyers. |
| Office des Changes - Foreign Investment Rules | Official rulebook for foreign investment operations in Morocco. | We used this to frame property purchases as regulated investment flows. We explained why the funding route matters for compliance. |
| Crédit du Maroc - Fixed vs Variable Rates | Bank's borrower-facing explanation of Moroccan mortgage rate types. | We used this to explain fixed versus variable in simple language. We referenced how variable rates link to central bank conditions. |
| Attijariwafa Bank Real Estate Financing | Morocco's largest banking group describes its mortgage offerings. | We used this to support our list of banks to approach. We showed that mainstream banks actively market housing loans. |
| Banque Populaire Mortgage Portal | Major Moroccan retail bank's official mortgage site for individuals. | We used this to support the list of banks with structured mortgage processes. We noted it is oriented toward residents and Moroccans abroad. |
| BMCI Mortgage Simulator | BNP Paribas group bank in Morocco with mortgage tools. | We used this as evidence of international bank presence in Morocco. We referenced it when discussing documentation familiarity. |
| CFG Bank Mortgage Information | Moroccan bank positioning tailored mortgage services. | We used this to expand the list of lenders foreign buyers can approach. We noted their emphasis on customized processes. |
| Bank Al-Maghrib Regulatory Texts | Central bank's repository of banking laws and compliance rules. | We used this to explain that lending is supervised and rule-based. We justified why documentation and AML checks are mandatory for foreigners. |
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