New Mivivienda Credit: these are the steps to apply for the mortgage loan

The dream of owning a house is not impossible. The Peruvian State grants facilities with the mortgage credit of the Mivivienda Fund (FMV), through its program of the New Mivivienda Credit. Below we tell you how to apply and more about this alternative.

The New Credit Mivivienda is a mortgage loan that allows you to buy any property, build on your own land or independent airs, as well as improve your home.

This credit finances you a maximum of 90% of the value of the home and the payment fee will always be the same.

In addition, it offers you the Good Payer Bonus and the Good Payer Prize as a complement to the initial fee.

LOOK: New Credit Mivivienda 2022: What types of properties can you access with the mortgage loan?

What are the requirements to access the New Mivivienda Credit?

To purchase a home, the following conditions must be met:

Be of legal age (18 years).
Be a natural person resident in Peru or Peruvian resident abroad.
Have a minimum down payment of 7.5% of the value of the home.
Be qualified as credit subject by a Financial Institution (IFI).
Not be the owner or co-owner of another home in any locality in the country. Neither may the spouse or legally recognized cohabitant be the owner of another home, regardless of their patrimonial regime, or the minor children.
Not having acquired, neither the applicant nor his spouse or legally recognized partner, a home financed with resources from the Mivivienda Fund or the Techo Propio Program or Fonavi.

How to apply for the New Mivivienda Credit?

To request the New Mivivienda Credit you must follow the following steps:

Ask for rating: Ask the affiliated financial entities to evaluate your payment capacity and ask about the programmed savings.
Search housing: It can be through the search engine of the official page, real estate developers, real estate portals, financial entities or any other certified means.
Choose housing: Keep in mind that if you choose a project that is sustainable, you will be awarded an additional bonus to the initial one.
Acquire the house: Once your credit is approved by the financial institution, you can now own it.

How much is the Good Payer Bonus?

One of the great benefits of this credit is the Good Payer Bonus (BBP). The Peruvian State provides this economic aid for the payment of the initial fee. It is non-refundable, that is, it is not returned.

The New Mivivienda Credit finances homes from S/ 65,200 in a payment term of 5 to 25 years.