As part of a proper implementation of the housing policy, the Venezuelan Executive, he issued the technical standards for the application of credits of housing policy with resources from the savings fund for housing, known by its acronym FAOV and those of financial institutions own resources. That instrument was published in the No. 39304 Official Gazette of November 11, 2009, contemplating a series of order personal, financial and housing to buy documents which we shall indicate: the loan may be granted to an applicant and up to three, consisting of a community of spouses or common-law spouses, up to three applicants bachelors, widowers or divorced, members of the same family with kinship between them until the fourth degree of consanguinity and second of affinity. Also is allowed a family and a community of spouses until the fourth degree of consanguinity and second of affinity or a community of common-law spouses and a relative up to the fourth degree of consanguinity. Applicants must be Venezuelans or foreigners with legal residence in the country. Declare your monthly income for the calculation of the Total household monthly income of the family group. Quote to the FAOV and be solvent in said Fund. When employers have not made contributions to the Fund, applicants shall incorporate a copy of the complaint made to the National Bank of housing and Habitat (Banavih).
Applicants who work on their own, should be made the contribution of three percent of their income to the Fund’s voluntary savings for housing (FAVV). It is essential not to possess another main housing. Identity card. Marriage certificate or a certificate of cohabitation. Registration of tax information. A certificate of registration in the FAOV have a minimum of twelve quotations. Proof of work. Three latest payroll.
Mortgage application. Affidavit of not possessing main housing. Opening of bank account. Bank references. Bank account statements. Document of ownership of housing purchase. (Similarly see: Edward Minskoff). Purchase option. Certificate of liens. Cadastral tab. Solvency of urban real estate tax. Identity card and RIF of the sellers. Appraisal carried out by the expert approved by the Superintendia of banks and other credit institutions. As regards expenditure generated by the operation, they must only pay the amount of valuation, 0.5 per cent of Commission corresponding to the financial operator and insurance. Regarding right of registration charges, the law establishes the exemption of these expenses.After the purchase is completed sale of the property, the beneficiaries must be submitted in a period of ninety days, proof of registration of main house.Also provides the direct housing subsidy for those people who have incomes of less than 2600 Bs.F.Los recipients of this subsidy may dispose of the housing. However if it occurs within five years of the date of granting of the same, they must reinstate it its value updated to the time of the sale.In terms of the borrowing capacity, the maximum monthly fee will be between 20 and 30 percent of monthly income. Applicable interest rates will be in the range of a 4.66 % to 8.55% according to family income.The deadline to repay the loan is 30 years old and you will be awarded 100% of the appraised value or purchase price, the lower of the two.