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Mortgage loans: how much you need to earn to buy an apartment - La Nacion Propiedades
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April 02, 2025



Mortgage loans: how much you need to earn to buy an apartment

The required income varies depending on the bank and the term for which the loan is requested; find out which loans are most affordable when the salary requirement is met.



By Candela Contreras




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Mortgage loan payments will depend on the owner's income.patoouu pato - Shutterstock



In a real estate market where the return of mortgage loans excites everyone thinking about buying their own home , there are some key points to keep in mind before making one of the most important financial decisions in a person's life , such as purchasing a home.

In this sense, accessing a UVA (Purchasing Value Unit) loan line , currently offered by 24 banks , requires meeting certain requirements, including demonstrating sufficient income. How much do you have to earn to qualify? In this article, we analyze the minimum income required by banks for a $100 million loan (approximately US$80,150—based on the current MEP dollar exchange rate) and how the installment varies depending on the term chosen .



“Since the first mortgage loan announcement was made, enormous expectations were generated within the market and among those interested in accessing a home,” says José Rozados, director of Reporte Inmobiliario. Such was the consumer response that, in 2024 , more than 11,000 loans were granted , with an average of US$75,000 each , according to a report by the Tejido Urbano Foundation. Meanwhile, the figure for the beginning of this year shows around 5,000 UVA mortgage loans already granted.







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Argentine economic conditions remain a significant barrier to accessing credit.GBJSTOCK - Shutterstock



While the return of UVA loans makes it easier to own a home, current economic conditions remain a significant barrier . For an average family, reaching the minimum income needed to cover the down payment on a loan remains a challenge. Furthermore, inflation adjustment poses a risk that applicants should carefully consider before taking out a loan of this type .

To access a UVA loan , in most cases, the initial installment to be paid for the loan cannot exceed 25% of the monthly income of the applicant or family group, except for some banks in which the income-to-income ratio is 30% .



Banks that require the lowest incomes​

The minimum income to qualify for a loan of $100 million is $2,028,000 . This is the case with Banco Nación, which offers a 30-year term for payroll account customers (which has a 4.5% interest rate). The initial payment will be $507,028 .



This entity is followed by:



  • Banco Patagonia : with a 6.5% interest rate for payroll account customers, the minimum required income is $2,540,000, while the initial payment is $632,242 .
  • Banco Municipal de Rosario, with a rate of 3% : requires a minimum income of $2,605,371.60 , with an initial payment of $651,343 , over a 20-year term.
  • BBVA (with a rate of 6.5%): in this case, the required income is $2,650,000 , and the initial payment is $658,446 .
  • Banco Galicia (7% rate) : required income $2,680,000 , initial payment of $ 663,476 , for 30 years.






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The shorter the term of the mortgage loan, the higher the monthly payment will be.Daenin - Shutterstock



What happens if you want to take out a loan for fewer years?​

The shorter the loan term , the higher the monthly payment , which means the required income will also be higher. Therefore, loans for 15 years or less are only viable for those with high incomes. Below are some examples of required income and the initial payments if you choose this term:

Banco Nación :



  • Required income: $3,059,973
  • Initial fee: $764,993


Banco Galicia:



  • Minimum income required: $3,595,300
  • Initial monthly payment: $898,800


Banco Santander:



  • Minimum income required: $3,595,312
  • Initial monthly payment: $898,828


BBVA:



  • Minimum income required: $3,600,908
  • Initial monthly payment: $900,227




As you can see, as the repayment period decreases, the required income increases considerably . This is because, as the loan repayment period decreases, the monthly payments increase, requiring a higher income to cover them.


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