Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Civil lawCivil lawCivil lawA.1.1
Are there specific laws that deal with mortgages? YesYesYesA.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights?YesYesYesA.1.3.1
Typical number of days needed for the transfer of titleNot available64
WDI
A.1.3.4
Are there consumer rights for mortgage lending? YesYesYesA.1.7
Are there disclosure requirements for mortgage lending?YesYesYesA.1.8
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidized funding sources for mortgage lenders?YesYesYes
MiVivienda Fund, IADB Report
B.1.1
Special government lines of credit YesYesYes
MiVivienda Fund, IADB Report
B.1.1.1
B.2 Subsidies to Households
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidies to households on housing finance?YesYesYes
MiVivienda Fund and IADB Report
B.2.1
Down-payment subsidies YesYesYesB.2.1.3
Subsidies to savings for mortgage loansYesYesYesB.2.1.4
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What taxes apply to Residential Real Estate?C.1
Tax on property (home-owners) Yes  C.1.1
Tax on capital gains on property Yes  C.1.5
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Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: 15% of all housing credit is being funded by the FMV(MiVivienda Fund) program.
Notes: 15% of all housing credit is being funded by the FMV(MiVivienda Fund) program.
Notes: 15% of all housing credit is being funded by the FMV(MiVivienda Fund) program.
Notes: 2010=100
Notes: 2010=100
Notes: Capital gains are taxed at a rate of 6.25% for residents. Nonresidents are taxed at a rate of 30%.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Credit bureaus are permitted to collect credit information from public and private sources as long as it does not contain sensitive information about the applicant, information that violates the bank secrecy, the tax reserve, or inexact information. They may collect this information without the authorization of the applicant.
Notes: Customer deposits and bonds
Notes: Customer deposits and Bonds
Notes: Customer deposits and bonds
Notes: FMV provides subsidized mortgage loans which are funded by the Peruvian government.
Notes: FMV provides subsidized mortgage loans which are funded by the Peruvian government.
Notes: For a first residency fixed rate mortgage in the domestic currency, other types of mortgages are lower
Notes: Includes only bank loans, not from other financial/government enitities
Notes: Maximum
Notes: MiVivienda Fun (FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund (FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund (FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund (FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund provides a savings program as a way for people without proof of income to qualify for the purchase of a home. Individuals make monthly deposits, equivalent to the monthly payment into the account for 3-6 months. This program is required to verify informal incomes for potential beneficiaries to the subsidy program.
Notes: MiVivienda Fund provides a savings program as a way for people without proof of income to qualify for the purchase of a home. Individuals make monthly deposits, equivalent to the monthly payment into the account for 3-6 months. This program is required to verify informal incomes for potential beneficiaries to the subsidy program.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: MiVivienda Fund(FMV) is a public sector program established to provide financial institutions with cheap funds and credit guarantees.
Notes: National Percentage
Notes: National Percentage
Notes: National Percentage
Notes: National Percentage
Notes: National Percentage
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Number is from banks only (which account for the majority of total loans)
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Peruvian Superintendent of Banks
Notes: Real estate tax is levied at progressive rates. The rate ranges from 0.2-1% and depends on the value of the property.
Notes: The Family Housing Bonus (BFH) is a direct subsidy, offered by FMV, for low-income families. It grants 28,755 or 32,400 Soles, depending on the value of the home being purchased.
Notes: The Family Housing Bonus (BFH) is a direct subsidy, offered by FMV, for low-income families. It grants 28,755 or 32,400 Soles, depending ont he value of the home being purchased.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The FMV program also supports housing credit beneficiaries with down-payment subsidies and subsidies on savings to mortgage loans.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: The Peruvian public Credit Bureau, which is operated by SBS, began operating in 1968.
Notes: Very small component, only began recently
Notes: Very small component, only began recently