Before the amount of monthly income required to opt for a loan within the my first home program, either individually or as a family nucleus, were between one and four monthly minimum wages. That is, the required income was between Q3 thousand 973.05 and Q15 thousand 892.
Now the limit increases to six minimum wages, that is, they may be between Q3 thousand 973.05 and reach Q23 thousand 838.30, As explained by the president of the National Mortgage Credit (CHN), Sergio Mario Silva.
“To apply to the credit, up to six minimum wages can be won which increases the number of eligible candidates,” said the official.
- Housing prices for segment or section A, with a rate of 5%, can be around until Q361 thousand 547.55, that is 91 minimum wages.
- And, for section B, with 5.5% rate they can have access to homes for up to 675 thousand 418.50 (which represents 170 minimum wages), added the director of the institution.
The credits can be for the period of up to 40 years, added the Secretary of Communication of the Presidency of the Republic, Santiago Palomo, at the Conference “La Ronda” on April 25.
The economic segments that could access the program are working people by dependency relationship, own business, informal economy, professional services, retirees, Guatemalans living abroad, or family remittances.
Other requirements
The value of the real estate cannot exceed the equivalent of 170 minimum, non -agricultural salaries including the incentive bonus.
- It must have a lack of real estate.
- Maximum income of up to six non -agricultural minimum wages.
- Payment capacity individually or by family nucleus.
- Be qualified by the Institute for the Promotion of Insured Mortgages (FHA).
Rates
Interest rates apply in this way, according to the official:
- In the range of up to 91 minimum wages would be 3.74% of the CHN rate and 1.26% of the FHA rate, reaching 5% when including both.
- The range of 91 to 170 minimum wages would be 4.24% of the CHN rate and 1.26% of the FHA rate, reaching 5.5% between the two.
Silva said that Now there is a special window of the Property Registry, In order to register the housing unit, and instead of doing that process in two weeks it can be done in 24 hours.
The CHN currently finances 150 housing developers, but of these are 46 those who are dedicated to social housing and are available for the program in question.
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He added that the majority of offer is concentrated in the capital city, and there is also a demand in Quetzaltenango, but progress has also been made in the rest of the interior of the country.
Silva said they were recently in Quetzaltenango, but unfortunately the value of the Earth has increased a lot, And that aspect in social housing issues complicates things to develop housing, which on average talks about Q400 thousand homes.
The goal for 2025 is to grant 1,200 credits, and to April 25, 62 lines of credit have been delivered and There are 543 cases the final phase of the process, and estimate to close the year with 1,500 authorized credits and the disbursed will depend on the delivery of the house. Many are already written but the house is not yet ready, it was added.
Of the 3,500 people who are deciding to one of these credits, they are opting for projects that deliver the houses in 2026 or 2027, and the reason because the hitch is 5%, but they ask that this hitch be in the largest possible period, it was explained.
“This is not a decision that can be made lightly, it is the decision to buy a home. Second, that this house exists in the places where people like it and where it is well and where we will also want to be only offering bricks but housing solutions and that implies efforts that must come from the municipalities in developing urban ensembles that allow easy access to transport and another type of services and amenities,” said Silva.