Thanks to the articulation between the Ministry of Housing, City and Territory, the Ministry of Finance and Public Credit and the National Planning Department, as of this Thursday, May 25, coverage quotas will be enabled at the interest rate in the program framework My House Already.
Since November 2022, working groups began with both entities to achieve the authorization of quotasIt is a process that must go through multiple stages and in which several entities of the national order are involved.
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It is a benefit that is granted during the first seven years of the mortgage loan or housing lease
“We value the management of the different entities of the National Government committed to carrying out the necessary procedures to enable these quotas of great help for families, taking into account that the interest rate coverage is a benefit that is granted during the first seven years of the mortgage loan or housing leasing, thus reducing the monthly fee that households must pay”, said the Minister of Housing, Catalina Velasco.
The new coverage quotas will allow households that already have a resolution to request the Mi Casa Ya subsidy to advance in the home buying process.
For priority interest housing (VIP) a coverage equivalent to five percentage points is granted and for social interest housing (VIS), coverage equivalent to four percentage pointswhich are applied to the credit or the housing leasing contract.
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Mi Casa Ya also offers a subsidy for the initial fee equivalent to 30 monthly minimum wages (34.8 million pesos)for households classified between subgroups A1 and C8 of Sisbén IV, and households between C9 and D20 are granted a subsidy equivalent to 20 monthly salaries (23.2 million pesos).
It is aimed at Colombians interested in acquiring new housing, which have not been beneficiaries of another housing subsidy or interest rate coverage, and who are not owners in the national territory.
All the information about the program can be consulted through the website https://minvivienda.gov.co/. Registrations are permanently open until the available resources are authorized.
