If you are one of the many Peruvian citizens living outside of Peru, you have the option of applying for a special mortgage loan. Here's what a mortgage loan is for non-resident Peruvians.
What is a mortgage loan for non-resident Peruvians?
It is a mortgage loan aimed at all Peruvians who, residing abroad, require financing to acquire a property in Peru. It is a product that is currently used by many Peruvians living outside Peru, to invest in this country.
With this figure, it is not necessary for your direct family members to act as owners and debtors of the credit. This is because it allows you to be the owner of the debt and the sole owner of the property acquired in Peru with the credit.
How can you process a mortgage loan for non-resident Peruvians?
The processing of this type of credit can either be done personally or through an Intermediary Financial Institution (IFI). IFIs are entities that act as correspondents for any of the financial institutions that operate in Peru. Most IFIs are located in the United States of America, so if you reside there, the procedures will be simplified.
While performing administrative procedures personally or using IFIs, you must request the appraisal of the property and the respective study of titles. These requests and their procedures must be made, personally or through a third party, in Peru.
Once you have all the required documents on hand
You must present them at the corresponding financial institution. And once the credit is approved, you have two options for signing the respective contract:
- Sign it in the US and send it via courier.
- Generate a power of attorney with the visa of the Peruvian consulate, so that a family member of yours signs it on your behalf in Peru. This prior registration of the power of attorney in a public registry.