with FAOV-FASP Resources
Thursday, August 19, 2010
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regard to the conditions of financing for the expansion, remodeling, or self, sets housing policy in terms conditions, fees, and interest amounts of social and income according to family.
Let's look at financing conditions and FASP FAOV resources.
Terms of Financing with FAOV-FASP Resources
offer Remodeling
| Care Level Family Income as | direct housing subsidy | Mortgage | and Mortgage Subsidy | Annual Rate | TERM IN YEARS | Financial Fee |
| LEVEL I | | | | | | 20% |
| ASSISTANCE | | | | | | |
| to Bs 1874 | | 20,000 21,707 41,707 | | | 1.40% 5 | 374.80 |
| to Bs 2474 | | 16,000 28,657 44,657 | | | 1.40% 5 | 494.80 |
| to Bs 3074 | | 12,000 35,606 47,606 | | | 1.40% 5 | |
| To Bs 3674 8000 | | 42,556 50,556 | | | 1.40% 5 | 734.80 |
| | | | | | | 25% |
| LEVEL II | | | | | | |
| APOYO | | | | | | |
| Desde Bs. 3674 Hasta Bs. 4924 | 0 | 71.298 | 71.298 | 2,40% | 5 | 1.262,16 |
| | | | | | | 25% |
| | | | | | | |
| NIVEL III | | | | | | |
| GROWTH | | | | | | |
| From 4924 to Bs 6120 Bs | 0 | 88,611 88,611 | | | 2.40% 5 | 1568.71 |
offer Extension
| level of care as Family Income | direct housing subsidy | Credit Mortgage | and Mortgage Subsidy | Annual Rate | TERM IN YEARS | Financial 20% share |
| LEVEL I | | | | | | |
| ASSISTANCE | | | | | | |
| to Bs 1874 | | 20,000 41,947 | | | 10 | 374.80 |
| to Bs 2474 | | 16,000 55,377 | | | 10 | 494.80 |
| to Bs 3074 | | 12,000 68,807 80,807 | | 1.40% | 10 | 614.80 |
| to Bs 3674 8000 | | | 82,237 90,237 1.40 | % | 10 734.80 | |
| LEVEL II | | | | | | |
| SUPPORT | | | | | | |
| From 3674 to Bs Bs 4924 | 0 | 110,222 110,222 | | | 1.40% 10 | 984.80 |
| LEVEL III | | | | | | |
| GROWTH | | | | | | |
| From 4924 to Bs 6120 Bs | 0 | | 130,468 130,468 | 2, 40% | 10 | 1224.00 |
mode: self
| level of care as Family Income | direct housing subsidy | Mortgage | and Mortgage Subsidy | Annual Rate | TERM IN YEARS | Financial Fee |
| LEVEL I | | | | | | |
| | | | | | | |
| to Bs 3674 | From 8,640 Bs to 40,000 Bs | From 39,724 Bs to 119,237 Bs | From 79,724 Bs to 127,877 Bs | | 1.40% 15 | 20% |
| LEVEL II | | | | | | |
| | | | | | | |
| From 3674 to Bs 4924 Bs | 0 | | 127373 127373 | 4.66 | 15 | 20% |
| LEVEL III | | | | | | |
| GROWTH | | | | | | |
| From Bs . 4924 to 6120 Bs | 0 | | 158304 158304 4.66 | | 15 | 20% |
Tuesday, August 17, 2010
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Requirements for the funding request for the renovation, extension and main dwelling self
General Revenues:
-
total monthly household income not exceeding five (5) wages Minimum (Bs 6119.45). -
Venezuelan or legal resident alien. -
be an adult. -
be active contributors and FAVV FAOV solvent. -
be owner or part owner of the house or the land subject of financing. In association contrary, permission from the owner to constitute a first mortgage. -
Show income to ensure payment of the mortgage. -
Submit the entry of the main house where expansion or redevelopment. In the case of self, the document shall also be drawn is required to do once the home is built.
Personal Collections:
-
Identity Card. -
Proof of residence for foreigners. -
Proof of Residency.
Property Collections:
-
Paper home ownership duly recorded for the chaos of remodeling or expansion. -
land ownership document properly registered if self. -
Certification charges in the last 10 years. -
execute works budget. -
Schedule execution of works, not to exceed 160-days from the date of notarization of the loan. -
plans and building permits duly formed by the Mayor for the case of self. -
Any other permit requirements required by the authorities of the area.
Collection of Income:
Workers Under dependency ratio:
-
Proof of employment in force not to exceed thirty (30) days. -
Two recent pay stubs. -
bank statements of the two (2) last month. -
Proof of enrollment in the FAOV and statement, with a minimum of 12 contributions.
Independent Workers:
-
Income Certification signed by Certified Public Accountant. -
FAVV Proof of enrollment and have at least twelve (12) contributions.
workers now own:
-
RIF of the company. -
Document establishing the company, changes and current Board. -
Commercial references to a maximum of two months of issuance. -
Balance Sheet and Income Statement of the last two years, signed by Chartered Accountant. -
Income Tax Income of the last two years. -
Bank statements last six months.
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FAOV-FASP Resources and Bank Financing
Agreement Rules Resources Source:
FAOV-FASP:
- financial operators should allocate up to ten percent (10%) of the monthly allowance given to the granting of credits FAOV resources, the forms of remodeling, expansion and self-main housing.
- The direct housing subsidy shall apply in accordance with the terms set by the Banavih.
- a scale be established for each type of financing for the implementation of direct housing subsidies for families with monthly income of up to three (3) minimum wages.
- will not benefit from this grant who have been the subject of housing subsidies granted by any government body or government agency.
BANKING:
- For this type of loan is not applicable to the direct housing subsidy, where resources come from the bench.
Saturday, August 14, 2010
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mode for self-construction of Main Housing Finance
Specific Standards for the mode of financing for the self:
-
This credit is aimed at families not have primary residence and the owner of land located in urban and rural areas endowed with public services, or failing that, allocation alternative with the corresponding permits issued by the competent authorities in each area.
-
Financing will be provided as debt capacity of the applicant and joint applicants, up to an amount equal to 100% of budget value of work submitted by establishing security on the ground and the work built on him.
-
The funding will be disbursed as follows:
First Disbursement: the date of notarization of credit equal to 60% of the total amount approved.
Second Disbursement: for the remaining balance provided that this advance housing more than 50% of physical implementation which must be approved by the professional appointed by the Financial Operator and supervisor of this work.
beneficiaries can not sell the house until they have passed five (5) years from the date of probate credit.
-
When include direct housing subsidy should return it to its present value if the sale is made within five (5) years from their protocols.
-
For the disposal of property, must be authorized by the mortgagee.
-
The value of land subject to the self-financing, will be determined by appraisal which will be paid by the applicant.
-
After canceling the loan, the beneficiary may qualify for new financing for renovation or expansion, within five ( 5) years from the date of registration of the respective credit document.
-
This loan may be awarded up to once a beneficiary.
-
professionals who will oversee the work must be carried out:
a) An initial visit, which will determine the feasibility of the work performed and the accuracy of the data and / or technical documents submitted by the applicant household.
b) A second visit to check the progress of works and prescribe the proper use of resources for the first disbursement. Once issued the corresponding technical report, the Financial Operator shall cancel the second disbursement.
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