Banking loans Banks Real estate loans bank mortgage financing Costarican Banking Association access to credit bank credit housing loan Asociación de Bancos Privados Banco Agromercantil (Guatemala) Banco FICOHSA Banco Hondureño de la Producción y la Vivienda

Increased Availability for Home Loans in Costa Rica

Despite contraction in the construction sector, banks and other lenders are increasing their offers.

Friday, March 18, 2011

©image: Luis Tamayo

The bank´s credit portfolio is the largest offered over the last three years as reported by the Costa Rican Banking Association.

"In Expoconstrucción, which begins next Sunday at Pedregal (San Antonio de Belén), banks will try to hook new customers with fixed rate programs, remission of fees and payment terms of up to 30 years" informed Nacion.com, “Nine financial institutions will be present at the fair ...".

Source: Nacion.com

Key entities

Costarican Banking Association

Countries

Costa Rica

Insight

Real estate loans loans mortgage financing bank Banks Banking

Credit for Homes in Costa Rica Decreases

January 2012

The four state-owned banks intend to lend $682 million in housing in 2012, 20% less than last year.

Publicly owned banks (National, Costa Rica, Bancrédito and Popular) have set a goal of granting ¢351,000 million ($682 million) in housing loans during the course of 2012, reported Nacion.com.

Agreement to Build Low-Cost Housing in Nicaragua

May 2009

At least 3 Nicaraguan banks obtained a loan of $10 million each from the INSS to finance low-income housing projects.

The president of the Association of Private Banks of Nicaragua (ASOBANP), Arturo Arana, told Prensa.com that the agreement with the Nicaraguan Social Security Institute (INSS) “had already been approved and 'I think that several banks already have it.

$20 million for Mortgage Loans in El Salvador and Panama

January 2012

La Hipotecaria landed IDB financing for mortgage loans in El Salvador, Panama and Colombia.

$20 million in loans will help boost loans for low-and middle-income housing to reduce the gap in the housing market.

La Hipotecaria is to get a funding package of $20 million from the Inter-American Development Bank (IDB) to promote mortgage lending for low and middle income classes in El Salvador, Panama and Colombia.

Mortgage Loans Increase by 6.5%

December 2011

The Panamanian Credit Association reported that in October there were a total of 204,000 active mortgages, 6.46% higher than in the same month in 2010.

Meanwhile the balance of the total outstanding mortgage loans on the same date (October 2011), increased by 19.48%.

"This year, banks have begun to further consolidate their participation in relation to mortgage loans.

close (x)