Category: Financing and loans
Primera Vivienda AFD
AFD program for buying a first residential property at an estimated 10.4% annual rate, with property value capped at Gs. 791,440,000 (260 minimum salaries).
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Primera Vivienda AFD sits between Che Róga Porã and standard bank mortgages. Finances first-home purchase up to Gs. 791,440,000 (260 minimum salaries — the cap moves with every salary adjustment) in property value. Estimated final rate to the consumer: 10.4% per year (varies by intermediary). Maximum term depends on guarantee type: 10 years unsecured, 20 with mortgage, 30 with fiduciary. Payment capped at 40% DTI. Applicant cannot own another property. Useful for those who don't qualify for Che Róga Porã (income or property-value caps).
Example
A buyer borrows Gs. 550,000,000 over 20 years with a mortgage guarantee at 10.4%. The monthly payment comes to ≈ Gs. 5,450,000, and staying within the 40% DTI cap requires gross income of at least ≈ Gs. 13,600,000 per month.
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Related terms
Che Róga Porã
Paraguay state-subsidized housing loan program backed by AFD, with a fixed 6.5% annual rate and up to 30-year term, for primary residence.
AFD (Development Finance Agency)
Paraguay's second-tier public bank that funds private banks and cooperatives so they can lend in strategic sectors — including housing.
Mi Casa AFD
AFD housing program with loan amounts up to Gs. 1,500,000,000, no first-home requirement, with estimated rates of 11.5% in PYG or 9.5% in USD.
Mortgage
A real guarantee right over a property that secures an obligation; lets the creditor foreclose if the debtor defaults.