New Mivivienda Credit: Can I access this benefit if I am not married?

In order for more families to obtain their long-awaited home, the Mivivienda Fund (FMV) provides facilities with the program New Mivivienda Credit, which is a mortgage loan to finance the purchase of a property, build your own land or independent airs and improve your home. But will I be able to access this benefit if I am not married?

According to the Mivivienda Fund, regardless of family composition or marital status, the person can have this benefit. That is, the cohabitants do agree.

However, other requirements indicated by the New Mivivienda Credit must be met to qualify for the loan and the Good Payer Bonus (BDP).

LOOK: New Mivivienda Credit: these are the steps you must follow to request this benefit

What are the requirements to access the benefit?

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.

LOOK: New Mivivienda Credit: How to obtain the bonus benefit of up to S/ 31,100?

Financing term

From 2020, the Mivivienda Fund extended its financing term, so that the monthly installments are reduced and more accessible to people.

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

What is the bonus that will be received?

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.

In addition, if the beneficiary decides to acquire an eco-sustainable home, they are granted the Sustainable Mivivienda Bonus, whose current value is S/ 5,400 and allows them to pay a higher initial fee for the purchase of the property, since it is added to the Good Payer Bonus.

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