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New UVA mortgage loans: who will be able to access and what are the amounts - Infobae
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Nuevos créditos hipotecarios UVA: quiénes podrán acceder y cuáles son los montos
Se trata de préstamos para acceder a una primera o segunda vivienda y se podrá pagar en hasta 30 años. Los lanzó el Banco hipotecario
www.infobae.com
April 24, 2024
These are loans to access a first or second home and can be paid in up to 30 years. They were launched by the Mortgage Bank
The credit can be acquired starting May 15. Photo: Pibaxy
Banco Hipotecario launched two new UVA mortgage credit lines for up to $250 million over thirty years, which can be accessed 100% digitally.
It can be purchased starting May 15 and the first will be for the construction or acquisition of a first or second home, with a UVA rate of 4.25% for the first year in the event that those who receive their salary in the entity and then 8.5%.
The loan is for up to $250 million and is financed up to 80%. The applicant must have 20%. It can be paid in up to 30 years.
The second line is for expansion and replacement. It has a maximum amount of $125 million.
The monthly fee cannot exceed 25% of the income of the person requesting it and Banco Hipotecario will facilitate the conversion through the MEP bridge sale at the same branch.
How much would be paid per installment
The line starts at USD 40,000, so the initial monthly fee is $202,400, so those who demonstrate income of $809,600 will be able to access it .As an example, if the cost of the property is USD 50,000, the applicant would have to initially put USD 10,000 out of pocket, plus about USD 4,500 for the expenses incurred by the operation.
Meanwhile, for a property of USD 125,000, the credit to be managed would be USD 100,000 and the monthly payment would amount to $505,000 , which requires income of $2,020,000. And given that the expenses would be around USD 11,250, the total to be covered by the buyer would amount to USD 36,250.
For a credit of USD 250,000, which is the maximum amount of the line, the fee starts at $1,262,500, which requires earning $5,050,000, and would cover a property of USD 312,500 or more. The expenses would be in the order of USD 28,125 and are not included in the financing, so you must have your own net USD 90,625 initially.
How much does it cost to rent and buy a home?
Access to owning your own home has become impossible for many in recent years, so loans represent an opportunity. The sharp increase in rents also leaves no room for savings for a home in a context of sharp loss of purchasing power.According to the Zonaprop report from March in CABA, a studio apartment is rented for 365,546 pesos per month while a two-room apartment is rented for 422,502 pesos per month and a three-bedroom apartment is rented for 567,747 pesos per month.
Palermo continues to be among the most expensive neighborhoods in the City of Buenos Aires to rent, with a value of 497,645 pesos per month. They are followed by Núñez (476,741 pesos per month) and Belgrano (471,623 pesos per month). In turn, La Boca is presented as the most accessible neighborhood with an average value of 321,253 pesos per month. They are followed by Parque Avellaneda and La Boca, 327,737 pesos per month and 336,109 pesos per month, respectively.
As for the purchase, a 40 m2 studio apartment has a price of $97,248 for sale, while a two-room apartment of 50 m2 is worth $116,539 and a three-room apartment of 70 m2 is worth $160,480.
Puerto Madero heads the list of neighborhoods with the highest price, with a value of 5,854 dollars/m2. They are followed by Palermo (3,063 dollars/m2) and Belgrano (2,800 dollars/m2). On the contrary, Lugano (988 dollars/m2), Nueva Pompeya (1,314 dollars/m2) and Villa Riachuelo (1,435 dollars/m2) are the cheapest.
