Banco Nación Mortgage Simulator Shows High Income Hurdles for UVA Loans

Overview

• Banco Nación, whose +Hogares mortgage line is active, posted simulator figures Wednesday that show a net family income of about $3,657,670 for a 20-year $75,000 loan and $3,234,476 for 30 years for clients who deposit their salary at the bank.
• For those clients, the estimated first payment is about $914,418 at 20 years or $808,619 at 30 years, while non-clients face a 12% nominal rate and a 30-year example of roughly $1,091,615 with income near $4,366,460.
• The loans are priced in UVAs, a unit that tracks inflation through the CER index, which means both the debt and the monthly payment move with prices over time.
• Access depends on formal work and documentation, including a 25% down payment, clean credit, and job tenure rules such as one year of employment with six months in the current post or two years of activity for self-employed workers.
• For approved borrowers, a 30-year client payment can undercut average rents in Buenos Aires, yet February deed volumes fell 17% year over year and mortgages still account for about 17% of sales, which shows benefits are limited to those who can qualify.