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Point by point: How UVA mortgage loans from Banco Hipotecario and Ciudad are different and how they coincide - La Nacion Propiedades
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Punto por punto: en qué coinciden y en qué se diferencian los créditos hipotecarios UVA del Banco Hipotecario y del Ciudad
Esta semana fueron dos bancos se lanzaron a ofrecer créditos hipotecarios, luego de cinco años en los que casi no existiera oferta en la Argentina; todo sobre los requisitos y condiciones que pide cada uno
www.lanacion.com.ar
April 27, 2024
This week two banks launched to offer mortgage loans, after five years in which there was almost no offer in Argentina; everything about the requirements and conditions that each one requests
By Maria Josefina Lanzi
The mortgage loans that emerged this week from Banco Hipotecario and Banco Ciudad constitute great news for the real estate market
Banco Supervielle has just announced that it will launch a proposal for mortgage loans, joining the bets of Banco Ciudad and Banco Hipotecario, which came onto the market this week with new lines of this credit, after for five years there was almost no access to him in Argentina.
“It is very good news , it diametrically changes the credit policy that the banks had during the last five years, when they would have banished mortgage credit from their offering portfolio,” says José Rozados, director of Real Estate Report, and adds: “ I think Although this was something unthinkable in December of last year, the entire real estate industry is very enthusiastic and aware of the issue . This is encouraging news, since this will further mobilize home purchases. I think that anyone who was planning it, looking at the market, ruled out the reappearance of mortgage credit in 2024. It came through the window and it is a very good sign .”
“They are the first mortgage loans that are coming out after a long time of almost none. It existed, but there was little ,” says Federico González Rouco, an economist specializing in housing who works at the consulting firm Empiria, led by Hernán Lacunza, when Banco Hipotecario decided on the new line of credit this Tuesday, and added: “ Many banks were "very reluctant to provide mortgage credit , since the possibility that Alberto Fernández's government would modify the conditions was very latent, an issue that was discussed every few months."
After five years in which there is almost no mortgage credit offer in Argentina, there are now three banks that offer these loans in their portfolio
For his part, the president of the Chamber of Urban Developers (CEDU), Damián Tabakman, pointed out that this is “great news . ” In any case, he believes that “it would be prudent in the possible evolution of its growth in the coming months. Above all, on the side of the banks, which do not have long-term funding.”
The Mortgage Bank and the City have already announced their requirements and conditions; For its part, Supervielle only announced that it will launch its detailed proposal at the beginning of May. Now, what is each of the credits like and which one should be requested?
There are three banks that joined in offering mortgage loans this week
What is the maximum amount loaned and how much do you finance?
In both Banco Ciudad and Banco Hipotecario, the maximum loan amount is $250 million. The Mortgage Bank, if required to buy a house, finances up to 80% of the home (those who request it must have the remaining 20%, which is paid in advance). On the other hand, in the case of Banco Ciudad, up to 75% of the sales value of the unit to be acquired is financed.In the case of the Mortgage Bank, the financing and the amount vary depending on what the loan is requested for . The credit granted for construction is also up to $250 million and the financing is up to 80% of the construction budget. In the case of wanting to allocate it to finishing a house, the amount is up to $125 million in a single disbursement and finances up to 50% of the budget. For a house extension, the credit is for up to $125 million in a single disbursement, and they finance up to 100% of the budget without exceeding 35% of the value of the current guarantee.
How long can they be ordered for?
In the case of the Mortgage Bank, whether it is the purchase, construction, completion or expansion of a house, the maximum payment term is 360 months (30 years). At Banco Ciudad, the terms are for 10, 15 and up to 20 years.
The Mortgage Bank and the City have already announced their requirements and conditions
How is it adjusted and what is the interest rate?
In the case of Banco Hipotecario, the capital is adjustable by UVA , whether for purchase, construction, completion or expansion. The annual nominal rate is 8.5%; The first 12 installments for clients with bank credit have a rate of 4.25%, which means a 50% promotion in the first year.For its part, Banco Ciudad's proposal also has an adjustable capital by UVA, but with an interest rate of 5.5% . However, for those who purchase a single, permanent family home in the downtown area, the interest rate is 3.5%.
Who can request them?
Those who already collect or migrate the accreditation of their salary there can access the loan from Banco Ciudad. In the case of Banco Hipotecario, the credit is open to clients and non-clients, only those who want to access the benefit of having a nominal annual rate of 4.25% in the first 12 installments need to be clients with proof of assets in the bank.In both banks, the monthly fee payable cannot exceed 25% of the applicant's income.
The credits can be used for construction or expansion
What can they be used for?
In the case of Banco Ciudad, the loan can be used for acquisition, renovation, improvement and expansion of single, permanent and non-permanent housing. A line is offered that can be requested to acquire a first and second home in all areas of influence of Banco Ciudad (AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta) , and another for the acquisition of family, single and permanent occupancy homes. in the Microcenter of the Autonomous City of Buenos Aires.The Mortgage Bank offer can be requested for the purchase, construction, extension and completion of first and second homes. In your case, the loan is national in scope.
The credit that Banco Supervielle confirmed to LA NACION and that will communicate the details starting May 4 on its website, is intended for clients and non-clients of the bank who are looking to acquire their permanent or non-permanent home or are thinking of expanding or renovating. his living place.
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