New Mivivienda Credit: Can single people access this benefit?

The Nuevo Crédito Mivivienda granted 8,916 mortgage loans to middle-income people with good credit history who are looking to purchase a property between January and September, but will single people be able to obtain the benefit?

Keep in mind that the New Mivivienda Credit is a mortgage loan financed by the Mivivienda Fund (FMV), channeled through Intermediary Financial Institutions (IFIs) to a beneficiary who meets the established requirements.

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.

Can single people apply for the benefit?

Yes, the benefits of the New Mivivienda credit are for single, married, cohabiting, divorced and widowed people.

Taking into account the statistics registered during the year by the Mivivienda Fund, we can know that a large number of beneficiaries are single with a total of 6,640 citizens who accessed the mortgage loan. The second category is that of married people, with 1,379.

Finally, in the case of cohabiting, divorced and widowed, the registration is considerably lower.

What are the requirements to access the benefit?

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

Be of legal age (18 years).
Be a natural person residing in Peru or Peruvian residing abroad.
Have a minimum down payment of 7.5% and a maximum of 30% of the value of the home.
Being qualified as subject to credit by a Financial Institution (IFI).
Not be the owner or co-owner of another home in any town in the country. Nor may the spouse or legally recognized cohabitant be the owner of another home, regardless of their patrimonial regime, or minor children.
Neither the applicant nor their spouse or legally recognized partner have acquired 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:

Request qualification: Request affiliated financial entities to evaluate your ability to pay and ask for scheduled savings.
Search for 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.
Choosing housing: Keep in mind that if you choose a project that is sustainable, you will be given an additional bonus to the initial one.
Acquire the home: Once your credit is approved by the financial institution, you can already be an owner.

What is the bonus to 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 purchase 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.

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