State Savings Fund joins mortgage rate cuts Housing | My Finances

National Savings Fund (FNA) maintains the lowest interest rates in the mortgage market, Reaffirming its commitment to provide favorable financing to all Colombians. This was the news announced this Monday (July 8) about the interest rate cut, after the issuer cut its rate by 50 basis points and several banks also joined in the cut.

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They explained that FNA Generation is one of the entity’s star products, supporting young people aged 18 to 28, Providing an effective annual interest rate of 9.30%, Cement your position as the lowest in the industry.“This initiative is designed to facilitate homeownership for this population on the best financial terms,” They mentioned.

FNA President Laura Roa Zeidán stressed that in addition to the 70 basis points reduction in the interest rate billboard, the beneficiaries of the FNA Generación They can finance up to 90% of the property they wish to purchase. Additionally, you don’t have to pay for a title research or appraisal.

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Likewise, peso points for people earning between 0 and 2 times the minimum monthly wage. FNA offers an interest rate of 10%, the lowest rate on the market in this category. The measure is designed to support those most in need of accessible and fair housing solutions.

For VIP Housing, FNA maintains UVR + 0% and the lowest interest rates on the Social Interest Housing (VIS) market, That is UVR+4%, which is the most competitive choice on the market.

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“The National Savings Fund is firmly committed to continuing to provide financial alternatives to help all Colombians obtain decent housing,” Explain the entity.

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It is important to remember that more and more banks are joining the interest rate cuts, so you should consult and compare to apply for the mortgage that best suits you and meets your needs.

Paula Galeano Balaguera
Portfolio Reporter