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Housing minister Michelle Sol reported that the Fondo Social para la Vivienda (FSV) continues to offer loan programs with subsidized interest rates, with the goal of reducing monthly payments and facilitating access to housing for more salvadorans.
According to the minister, these terms allow for financing with interest rates as low as 2% and, in some cases, no down payment, which provides direct support to families seeking to purchase their own homes under social housing programs.
The program offers various financing options depending on the beneficiary’s profile. These include loans for new homes of up to US$40,000 and US$45,000, with terms of up to 30 and 25 years, respectively, targeted at the formal sector. Initiatives such as the Casa Joven Program and the Casa Mujer Program are also being promoted, aimed at facilitating access to housing under affordable terms.
In addition, the FSV includes credit-related insurance, such as debt insurance, which covers death or total and permanent disability, and property damage insurance, which protects the home against events covered by the policy. According to the institution, these insurance policies also receive subsidies to keep premiums more affordable.
The minister explained that, as an additional benefit, the FSV subsidizes part of the insurance premiums, which further reduces costs for borrowers and improves the sustainability of the loans.
It was also noted that the Fondo Social para la Vivienda (FSV) covers the cost of the appraisal of the home or lot as part of the benefits included in the financing.
With these measures, the government seeks to expand access to decent housing through more flexible credit terms, reducing economic barriers and strengthening social housing programs in the country.
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