The Housing Finance System

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A. Primary Housing Finance Market

A.1 Industry Structure and Performance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Types of originating lenders/market share:A.1.2
Are there (quasi) public mortgage lenders:NoNoNoA.1.4
Level of Non-Performing Mortgage Loans (90 days or more past due):A.1.6
Average 1997-2007 A.1.7
A.2 Size of Mortgage Finance Sector
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total amount of home mortgage loans outstanding at the end of year in millions of USD:262.7 USD (millions)290.77 USD (millions)207 USD (millions)
Banco Central del Paraguay
A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current).94%.94%.71%
Banco Central del Paraguay and WEO
A.2.1.1
and as % of all credits outstanding  4.48%
Banco Central del Paraguay
A.2.1.2
A.3 Housing Finance Products
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Mortgage products as % of all mortgages (approx.) in local currency:A.3.1
Most prevalent type of foreign currency mortgage used:A.3.3
Most frequent interest rates on fully amortizing:A.3.4
Typical lender fees associated with mortgage origination: A.3.6
Typical third party fees associated with mortgage origination:A.3.7
Loan-to-Value (LTV) on first mortgage: A.3.8
Maximum LTV100100100A.3.8.1
Maximum term over which pmt is calculated? 20 years20 years20 yearsA.3.9
Mortgage pmt-to-income ratio A.3.10
A.4 Lending and Servicing Process
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Which institutions define underwriting rules? A.4.2
A.5 Credit Risk Assessment
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Do credit bureaus exist? YesYesYes
The World Bank, %20Loan%20Reporting%20Systems%20in%20Paraguay.pdf
A.5.2
Are there legal/regulatory constraints to gaining access to credit information?YesYesYes
The World Bank, %20Loan%20Reporting%20Systems%20in%20Paraguay.pdf
A.5.2.1
B. Funding Sources for Mortgages and the Secondary Mortgage Market
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What are the main funding sources for mortgages?B.1
Retail funding (deposits/other)primaryprimaryprimary
Various commercial banks
B.1.1
Wholesale funding: loans from other banks or corporations  Non-applicable
 
B.1.2
Funding through mortgage bonds   Non-applicable
 
B.1.3
Funding through securitization of mortgages  Non-applicable
 
B.1.4
Other secondary  B.1.5
C. Housing Microfinance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Types of lenders operating in the housing micro-finance (HMF) sector:C.2
Level of NPLs (>90 days past due) in HMFC.4
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Notes: 2010=100
Notes: 2010=100
Notes: Banks include BNF, Vision Banco.
Notes: Banks include BNF, Vision Banco.
Notes: Banks include BNF, Vision Banco.
Notes: Banks include BNF, Vision Banco.
Notes: Banks include BNF, Vision Banco.
Notes: Calculated as % of households, not housing units, without electricity.
Notes: Calculated as % of households, not housing units, without electricity.
Notes: Calculated as % of households, not housing units, without electricity.
Notes: Calculated as % of households, not housing units, without electricity.
Notes: Capital gains tax on non-residents of 30%. Tax base of property typically around 50% of property value.
Notes: Capital gains tax on non-residents of 30%. Tax base of property typically around 50% of property value.
Notes: Capital gains tax on non-residents of 30%. Tax base of property typically around 50% of property value.
Notes: Information as of January 2014
Notes: National Percentage
Notes: Private credit bureau - Informconf and public credit bureau - CRC.
Notes: Private credit bureau - Informconf and public credit bureau - CRC.
Notes: Private credit bureau - Informconf and public credit bureau - CRC.
Notes: Private credit bureau - Informconf and public credit bureau - CRC.
Notes: Private credit bureau - Informconf and public credit bureau - CRC.
Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
Notes: Tax of 1% levied on cadastral value of property as determined by the national cadastre service (based on market prices).
Notes: The IDB has provided a loan of $30 million to finance a home and neighborhood improvement program. Serves as very small source of outside funding compared to deposits.