Financing:
Eligible for AFD loans under the First Home and My House programs.
First Home:
Who can apply?
Individuals qualified as creditworthy by an Intermediary Financial Institution, with no built property in their name. This includes employees, independent professionals, business owners or microentrepreneurs, and self-employed workers.
What are the conditions?
- Total household income must not exceed 7 minimum wages (SMLV).
- The installment cannot exceed 40% of total household income.
- For microentrepreneurs, the monthly net available income will be considered, based on the microenterprise analysis carried out by the Intermediary Financial Institution, and must be equivalent to a maximum of 7 minimum wages. The principal debtor is considered the borrower (applicant/final borrower), including their spouse or partner, where applicable; neither may own a home.
What is the maximum term?
- Up to 84 months with a personal-signature guarantee.
- Up to 20 years with a mortgage guarantee.
- Up to 30 years with a fiduciary guarantee.
How much can be financed?
- For households with income of up to 4 minimum wages: maximum amount of 150 minimum wages (approx. ₲ 419 million).
- For households with income of more than 4 and up to 7 minimum wages: maximum amount of 260 minimum wages (approx. ₲ 727 million).
