Are you planning to buy a home? Don’t miss out on these options offered by the National Savings Fund

If you are thinking of acquiring a new home, from this Monday you will have an excellent opportunity to find your ideal house or apartment without having to go to a sales room. You can do it from your computer.

The appointment will be from this October 26 until November 2, The National Savings Fund will organize the Great Virtual Housing Fair, an event with which it seeks to provide citizens with the necessary information on the best alternatives in the real estate market.

In the event, which begins this Monday at 8 am, 60 construction companies will participate, offering 300 projects with around 18,000 properties available throughout the country.

The fair will allow you to know the supply of both priority interest housing (VIP) and social interest housing (VIS), whose value ranges between 62 and 155 million pesos. There will also be options for those who aspire to acquire non-VIS homes that are in a price range between 170 and more than 1,000 million pesos.

On the other hand, the entity guaranteed that the subsidies offered by the National Government for VIS and non-VIS housing apply to the purchase of these properties, such as that of Mi Casa Ya, a subsidy to the interest rate, a seedbed for owners and that of the compensation funds.

This program offers two types of subsidy: the first, subsidizes the rent to those who live in informal conditions; the second, rewards savings in a special account in which the family must complete 4.5 monthly minimum wages in 18 months – about 4 million pesos – to be a beneficiary of the supplementary subsidy to Mi Casa Ya and the compensation funds. Thus, for every 1,000 pesos saved, the State will award 1,333 pesos more.

To apply to this program, your income cannot exceed the two current legal monthly minimum wages, about 1’757.606 pesos; not be a homeowner or have been a beneficiary of any family housing allowance, and maintain income and the family nucleus during the stage of saving and obtaining the home.

Aimed at households that have incomes of less than four minimum wages – about 4 million pesos), which may obtain a subsidy equivalent to 30 or 20 minimum monthly wages – between 30 and 20 million pesos approximately-, depending on income, for purchase of your home.

They also receive coverage at an interest rate of 5 percentage points, for priority interest homes that do not exceed 90 monthly minimum wages and 4 percentage points, for social interest housing (VIS) of up to 135 monthly minimum wages and up to 150 minimum wages for urban agglomerations whose population exceeds one million inhabitants.

Interested parties can obtain information at www.micasaya.minvivienda.gov.co and in www.minvivienda.gov.co

Another possibility to which you can apply is a concurrent subsidy, which allows you to integrate the aid for home purchase of the Mi Casa Ya program and the benefits granted by the Family Compensation Funds. Only households that earn up to 2 monthly minimum wages can apply to this subsidy, that is, about 1.7 million pesos.

The first step is to process said subsidy with the compensation fund, and then apply for the program to the Ministry of Housing. So far this government has delivered 7,000 subsidies of this type, but the goal is to reach 13,500 subsidies of this type.

The beneficiaries of this aid will receive about 439,000 pesos per month during the first 7 years of the loan, this is more than 36 million pesos and must apply through the bank when applying for a mortgage loan.

To apply for this subsidy, the person or household must not have received a family housing subsidy from the Government or Family Compensation Funds, or any interest rate coverage. There are no more income limits to apply to the program and it does not matter if you already own a home.

Banco de Bogotá announced that interested persons can apply to be beneficiaries of the subsidy for the purchase of housing other than social interest projects (not VIS), by making a formal request to the bank to access this program. Bancolombia is also ready to attend the applications of people interested in accessing this subsidy for the purchase of new urban housing No VIS.