The FAOV is a fund that consists of the savings - individual and employer - equal to 3% of the full monthly salary employees (2% paid by employer and 1% by the worker) and the recovery of loans already granted.
To apply for a housing credit through of this figure should take the following steps:
1. Preselect the house or apartment you wish to purchase, it can be new or the secondary market.
2. Comply with the following Conditions by:
• Be active savers Mandatory Savings Fund for Housing having at least 12 contributions to the fund.
• Have a monthly family income to Bs.F. 7000.00.
• Not having a home
• Submit Affidavit indicating that you or your household will occupy the housing loan subject.
• Be an adult.
• Be
Venezuela. If abroad, you must have legally acquired the residence remained in the country for a continuous period of five (5) years or be a parent of a Venezuelan.
3. Request the financial operator described the granting of long-term credit, including allowance (if applicable), and there deliver the following documents:
• Photocopy of Identity Card of Applicant Co-Applicant and Seller.
RIF
• Photocopy of the buyer (s) and seller (s).
RIF
• Photocopy of the company (applies when the applicant's income and / or Co-Applicant from a own business or for the seller corporation)
• Marriage certificate or proof of cohabitation (if applicable).
• Divorce Decree (if applicable).
• Affidavit of having no home.
• Registered Power Paper (for the existence of Attorney).
ONIDEX • Proof of Birth Certificate or submit the Venezuelan children (in case of foreigners).
• Proof force and / or Statements of Contribution to the Law on Housing Services and Habitat.
accounts • Bank references and / or credit cards with their states Account for the last three (3) months (self-employed 6 months)
• Original Certificate of employment (not exceeding 30 days). Income certificate signed by a Certified Public Accountant (independent workers) to analyze a minimum period of 6 months.
• Photocopy of the three (3) most recent pay stubs.
• Photocopy of latest Income Tax return (if not to testify, submit evidence of non-contributing format issued by the Institution).
• Photocopy of the three (3) latest Income Tax Statements (If applicant's income come from one's own business).
• Original Balance
personal or joint with no older than three (3) months, signed by a Certified Public Accountant.
• If the Applicant's revenues come from one's own business:
• Original Balance Sheet and Profit and Loss for the past year (closing), signed by a Certified Public Accountant.
• Credit Application Form duly completed and signed by the Applicant and Co-Applicant.
Original Paper • Sale and purchase option with a term of ninety (90) days plus thirty (30) day extension, and signed in no later than 7 days the date of loan application.
• Appraisal of the property with a maximum of thirty (30) days of broadcast, made by an expert appraiser registered with the Superintendency of Banks (SUDEBAN) and approved by the selected financial institution.
4. Finally, the financial trader review the precautions given, determines the allowance to apply and calculate the loan amount according to family income, pending before the application Banavih FAOV resources (credit) and FASP (subsidy) for a time approved, you can proceed with the acquisition of the selected household.
Credit
Features.
Among the features of credit given by the figure of the Mandatory Savings Fund for Housing, we have:
• The payment of contributions arising from housing loans are monthly and consecutive and are adjusted monthly income of the applicant or family.
• There is potential repayment and prepayment.
• The requested financial operator must give the applicant any specialized credit counseling, if requested.
• The interest rate is variable and is set by the National Executive through the Ministry Habitat and Housing. Currently, the Law on Housing Services and Habitat provides:
Family Income Rate
to Bs.F. 2800.00 4.66%
From Bs.F. 2800.00 to Bs.F. 5474.00 6.61%
From Bs.F. 5474.00 to Bs.F. 7000.00 8.55%
Grant Mortgage Loans for the purchase of primary residence, that are targeted to families whose monthly income is less than Bs.F. 2,600, qualify for the granting of direct housing subsidy. This grant is then as follows Figures:
Monthly Income (Bs F) Financial (F Bs)
From To
799 850 46 000 45 425
799.01 850.01 44 850 900 900.01
44 275 950 1000 43 700 950.01
1000.01 1050.01 43 125 1050 1100 42 550 41 975 1150
1100.01 1150.01 1200.01 1200 1250 41 400 40 825
1300
1250.01 40,250 39,675
1300.01 1350.01 1350 1400 39 100 38 525 1450
1400.01 1450.01 1500.01 1500 1550 37 950 37 375
1.550,01 1.600 36.800
1.600,01 1.650 36.225
1.650,01 1.700 35.650
1.700,01 1.750 35.075
1.750,01 1.800 34.500
1.800,01 1.850 33.925
1.850,01 1.900 33.350
1.900,01 1.950 32.775
1.950,01 2.000 32.200
2.000,01 2.050 31.625
2.050,01 2.100 31.050
2.100,01 2.150 30.475
2.150,01 2.200 29.900
2.200,01 2.250 29.325
2.250,01 2.300 28.750
2.300,01 2.350 28.175
2.350,01 2.400 27.600
2.400,01 2.450 27.025
2.450,01 2.500 26.450
2500.01 2550.01 2550 2600 25 875 25 300
Reference Table for the mortgage lending resources of FAOV (Click Here)
According
Official Gazette No. 39.086 of 23 December 2008.
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