What's happening? In its first year (June 9, 2025, to June 8, 2026), the Vivienda Joven program has received 310 applications, of which 213 have resulted in mortgage closings or secured financing. That amounts to about 69%.
This was reported by Ricardo Álvarez, director of the Autoridad para el Financiamiento de la Vivienda (AFV), the agency responsible for issuing the mortgage guarantee for this type of loan.
Why does it matter? Since its launch, thousands have sought information about the Vivienda Joven loan, which offers up to 105% mortgage financing to young people between 21 and 35 years old who have graduated from a post-secondary program within the last 5 years and have a credit score of 600.
Profile of loan recipients
The AFV reported that most applicants are:
Average age: 26.
Average income: $58,800.
Average credit score: 727.
Average home price: $170,000.
Where to apply. The AFV has 38 authorized mortgage institutions offering this loan. The most recent to join was FirstBank, the second commercial bank to become an authorized lender.
Can the Vivienda Joven loan be combined with other housing programs?
The AFV's executive director noted that, after applying for the Vivienda Joven loan, buyers can combine it with programs such as Pronto pa' tu casa, an available government assistance program that offers up to $60,000 in closing costs and down payment assistance for those who qualify.
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Cover photo: (Catherine Delahaye | Getty Images)
This content was translated with the assistance of Artificial Intelligence (AI).
