The New Mivivienda Credit Provides home loans to people with good credit and average incomes. This benefit not only allows you to finance the purchase of any home, but also to build on your own land or on your own. But does this benefit apply to foreigners in Peru?
It should be noted that this credit grants a maximum of 90% of the value of the home, through a financial institution, 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 Mivivienda Credit: these are the steps you must follow to request this benefit
Does the New Mivivienda Credit apply to foreigners in Peru?
According to the Mivivienda Fund, one of the requirements to access the benefits is to be a natural person residing in Peru.
Namely, It does apply to foreigners, but who already have the migratory qualification as a resident in the country.
In this case, they will have to present their immigration card that proves their residence.
What other requirements must be met?
To buy a home, the following conditions must be met:
- Be of legal age (18 years).
- Have a minimum down payment of 7.5% 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:
- ask for rating: Request affiliated financial entities to evaluate your ability to pay and ask for scheduled savings.
- Search housing: It can be through the search engine of the official page, real estate developers, real estate portals, financial institutions or any other certified means.
- Choose 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 house: Once your credit is approved by the financial institution, you can already be an owner.
