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Step by step, how to get the new subsidized loans for construction and home renovation

2021-04-22T14:19:39.270Z


With space is limited, registrations are made via the web. 04/22/2021 10:17 AM Clarín.com Economy Updated 04/22/2021 10:20 AM Registration is now open for the loan program for construction or home renovation, framed in the Casa Propia project, which the Government launched this week. The program will grant 65,000 credits: 40,000 will be for up to $ 100,000 and  25,000 for up to $ 240,000 for spare parts , and the remaining 22,000 will be destined for th


04/22/2021 10:17 AM

  • Clarín.com

  • Economy

Updated 04/22/2021 10:20 AM

Registration is now open for the loan program for construction or home renovation, framed in the Casa Propia project, which the Government launched this week. The program

will grant 65,000 credits: 40,000 will be for up to $ 100,000

and 

25,000 for up to $ 240,000 for spare parts

, and the

remaining 22,000 will be destined for the construction

of homes for up to $ 4 million. Next step by step,

how to register and what to take into account when applying

: value of the land, where it can be built, how much the sum of the income of the participants should be and who can apply for it.

Loans will be adjusted by the Hog.Ar formula, that is, they are tied to the evolution of wages

.

For parts of up to $ 100,000, an income equivalent to 1.16 minimum wages is demanded and the monthly fee will be $ 2,882.

Those up to $ 240,000 require income of up to 8.1 minimum wages and the monthly fee will be $ 6,917.

Both will have an extension of 36 months and at a 0% rate.

Those destined for the construction of new houses of up to 60 square meters will have a maximum amount of $ 4 million, they

are loans for 30 years

and at a 0% rate.

To apply, the household's net monthly income must be between $ 53,500 and $ 175,000.

The space is limited, you register through the web, and in the next few days, the ministry led by Jorge Ferraresi will explain the selection method (if it is through a lottery such as Procrear or by ranking according to merit or if they will choose another way ), as well as establishing what quota corresponds to each province (the program is for the entire country).

Building

To access these credits, the website prepared by the Ministry of Territorial Development and Habitat is divided into two: one to apply for construction and another for spare parts.

Once the first option has been chosen, you enter a home where you can see

the characteristics of the credit, requirements and a summary of who can request it.

At the end of the page are the bases and conditions, an explanation of

how the Hog.ar index

is applied to loans, and the three models of housing that can be built.


The first step to apply for credit

is to click on "Registration"

.

Once this is done, it is necessary to validate if the applicant meets the minimum general requirements that the system displays.

And then you move on with three more steps.

Construction inscription

Among the data requested are:

  • Destination Construction of a single, family home with permanent occupancy.

  • Ownership: the owner of the credit is registered, if selected.

    Once selected, nothing can be modified on this point.


  • The land where it can be built should not be country or gated communities.

    And they can be your own or that of a direct relative.


  • The land must be deeded before 3/31/2021, unless you build at the bottom or above the parents' house.


  • The appraisal of the land may not exceed $ 3,500,000


  • You can only build one of the three models that appears in the program: Bicentinaria, Criolla or Compacta.

    Housing projects include plans and images.


  • It can be built up to a maximum of 60 square meters.

Then you will have to complete a data form such as: postal code, DNI, CUIL / CUIT and others.

Appointment of a co-owner of the loan can also be granted.

Spare parts

"

With the aim that more families have the opportunity to improve their housing conditions, this line enables access to credit for the purchase of materials and hiring of labor," says Habitat from this page.


The other option offered by the system

is to take out a personal loan to make

one of the five parts

included in the project.

It also shows the bases and conditions at the bottom of the page, and the explanation of how the Hog.ar index works, which is used to adjust the quotas.

In this case, you can choose to start the registration for a

credit of $ 100,000 or for another of $ 240,000.

Characteristics of the spare line

  • 100% financing of the work

    : the loan includes

    50% for materials

    and

    50% for labor jobs.

  • Stability in the quota-income relationship:

    updating the credit in relation to wages gives greater predictability.

  • Debit card purchases:

    no need to transfer money.

  • Digital procedure:

    to access the "Improvements - Refurbishment" line for $ 100,000 for 36 months, the fee is $ 2,883, with a fixed rate of 0% plus HogAr Coefficient adjustment.

    Registration of loans of up to $ 100,000

    Loan registration up to $ 240,000

    General requirements


    • Be a natural Argentine or by choice, or a foreigner with permanent residence.

    • Have a valid National Identity Document.

    • Have income from formal jobs, Retirement and / or Pensions.

      The sum of the family group's net monthly income must be between $ 25,000 and $ 175,000.

    • Be between 18 and 68 years old at the time of enrollment.

    • Owning or renting a property that has some type of qualitative deficit.

    • Do not register unfavorable financial records in the last 9 months.

    • Not be inhibited.

    • Register 12 months of seniority in the activity (employees and independent).

    Co-ownership

    Participants may include only one co-owner, to whom they must be linked by one of the following links: Marriage, in this case, the spouse will be considered co-owner automatically.

    • Coexistence union.

    • De facto union, provided that the addresses declared by the owner and joint owner coincide.


    • All notifications within the framework of these bases and conditions will be made to the email address declared by the participant in the registration form.


    YN

    Look also

    New Home Ownership credits: what type of spare parts can be made

    New mortgages: what types of houses and on what land can be built

    Source: clarin

    All business articles on 2021-04-22

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