Banking mortgage financing housing home lending loans Real estate loans bank credit loan access to credit Banco General (Panama) Banco Hondureño de la Producción y la Vivienda Bank of Costa Rica line of credit mortgages Banco FICOHSA

Honduran Banking Incentivizes Credit

The financial system, set against a surplus of $1.5 million in liquidity, offers better credit conditions.

Friday, June 12, 2009

©image: Markus Ram

Expediency in the approval process, lower interest rates, and extended payments terms are some of the incentives they are offering.

La Prensa publishes in its web portal: "As an additional service, applicants have the option to consolidate all their financial obligations into a single account."

Source: laprensahn.com

Key entities

Guillermo Altamirano Banco Hondureño de la Producción y la Vivienda

Countries

Honduras

Insight

housing Real estate loans loans mortgage financing bank credit access to credit home lending Banking

$50 million for Banco General de Panama

August 2011

The International Finance Corporation has granted a loan to Banco General de Panama so that it can offer more mortgages to low-income families.

The $50 million long-term IFC funding , which will run for seven years, will enable Banco General match the maturity needed to finance mortgages for low-income groups.

Panama: $170 Million for Mortgage Loans

September 2010

During this year, the "Caja de Ahorros" (CA) aims to place $170 million in Mortgage Loans.

By the end of August $73,2 million have already been lent and the goal is to double this amount, pointed Rodrigo Arosemena, General Manager of this organization.

Arosemena commented to Panamá América that "...we will focus on promoting savings and we will increase mortgages, mainly those with preferential interest or under $30 thousand."

30-year Mutual Credits

June 2009

Costa Rican mutuals will now be able to offer housing credits for 30-year terms, double what the law previously permitted.

As soon as the Law of the National Financial System for Housing reform is officially published, the two mutuals that operate in Costa Rica—the Alajuela Housing Mutual Group and Mutual Cartago (Mucap)—will be able to offer mortgages with 30-year terms.

El Salvador raises housing loans to $75,000

December 2008

The president of the Social Fund for Housing announced the expansion of financing for housing of up to $75 thousand.

Interested parties can qualify for said amount for a new or used house, debt transfer or personal construction.

"Risk agencies tell us that we have a high concentration for only a part of the population.

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