The Ministry of Territorial Development and Habitat on Tuesday enabled a new phase of loans at the rate of 0% Own Home for the construction of new homes of up to 60 square meters. Raised the maximum amount that can be accessed and updated requirementsin relation to the income that applicants must have.

These are solutions that supply up to 100% of the construction of up to 60 square meters located on their own lot. The new values ​​are up to $ 5 million and $ 5.8 million in Patagonia, and the term remains the same, at 30 years. Until this update, the maximum amounts provided were $ 4.3 million and $ 4.9 million in the case of homes located in the south of the country.

To perform this procedure, you need to enter the official website and complete the forms. The “Own Home” program is available in all localities in the country, they expect from the Ministry of Territorial Development and Habitat.

Financing is up to 100% (without having to have prior savings), and there is an update in relation to the Housing Unit. “Credit includes the evolution of the budget”detailed from the portfolio website.

The program has standard housing models. “Casa Propia uses a series of projects to reduce work execution times”they explain.

Requirements to access Own Home credits

• It is required to be natural Argentine or by option, or a foreigner with permanent residence. Have a valid National Identity Document.
• Have a valid ID.

• Accredited with income from formal employment, retirement and/or pensions. The total net monthly income of the family group must be between 1 and 8 minimum, essential and mobile salaries, i.e., from $ 38,940 to $ 311,520.

• Be between 18 and 64 years old at the time of registration.
• They may not be owners or co-owners of real estate, except in the cases provided in the Terms and Conditions.
• Nor do they have to have an unfavorable financial history in the last 9 months or be inhibited.
• Don’t be inhibited.

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

• Land in gated or private neighborhoods, whose assessment exceeds $ 3,500,000, or is not owned by applicants (other than direct family members) will not be accepted.

• You must have a title deed to the property/purchase ticket or appropriate instrument in the case of land from public bodies.

• It is only possible to build Program Housing Models (except for those building below or above their parents ’home).

• The construction shall be intended for the construction of single, family and permanent occupancy housing and not exceed 60 m2 of surface.

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