Loans can be in dollars or Colones, and is intended for Costa Rican nationals or residents.
This financing is only available is the customer has additional collateral for the down payment.
Source: elfinancierocr.com
More on this topic
May 2009
People owning a home can now opt to finance a second home.
Stimulation of the construction industry is sought by making the requirements for accessing the funds of the Banhprovi trust more flexible.
Reynaldo Yanes wrote in Laprensahn.com: "Of the 10 billion Lempiras ($529 million) which the Banhprovi trust has, up to 4 billion ($212 million) will be invested to stimulate the construction industry in both the public and private sectors by way of a rediscount through the banking system."
December 2010
Out of $ 99 million in loans it is estimated that 53% will be invested in new housing.
The trend over recent years has been the purchase of used housing, according to Thomas Chévez of the Social Housing Fund (FSV).
"The balance that could be achieved regarding the trend is because in 2011 the supply of new housing, specifically of social interest, will increase due to construction projects from the program “Casa para todos,” reports the article in Laprensagrafica.com.
November 2008
The Social Housing Fund announced that it has increased its credit coverage to attend to other Salvadoran segments.
These include Salvadoran abroad, retirees, IPSFA members and workers with variable income, independent workers and professionals, business people, people with businesses at home and micro, small and medium sized business owners.
January 2009
The Central Bank announced the availability of the funds to finance the construction of homes.
Latribuna.hn reports: "The president of the Honduras Chamber of the Construction Industry (CHICO), William Hall, announced that the Government will build more than 10,000 years this year with the financial aid.
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