Colombia Weighs 2 Percent Mortgages: Who Would Qualify

Housing Policy Key Facts —Target group. The proposed 2% mortgage rate would serve low-income Colombian households, not most foreigners or higher-income buyers. —Income cap. Eligibility would likely follow existing VIS and VIP rules, which cap household income at around two minimum wages. —First-time buyers. Applicants must not own another home in Colombia and must not…