IPV Credit: How much you pay in July to build your 55-square-meter house

The Provincial Housing Institute (IPV) maintains the " Build My House" program, a mortgage loan program with a pre-payment system that allows residents of Mendoza to build their own homes on their own land.

With the latest UVA value update, corresponding to July, monthly payments were adjusted, directly impacting the amount required to be contributed by those in the savings phase.

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This financing scheme provides for the beneficiary to contribute 15% of the total project value, and for the IPV to finance the remaining 85% in disbursements that progress alongside the project.

Savings period installments are updated by Purchasing Power Unit (UVA) , while loan repayment installments are adjusted according to the Salary Variation Coefficient (CVS) , to maintain the balance between inflation and income.

In July, the UVA rate increased from 1,396 to 1,517.83, raising the monthly installment amount for everyone enrolled in the plan. For those who choose to build a 55-square-meter home , the monthly savings amount is $264,650.22 , while the minimum household income required to qualify is $1,323,251.12 .

This option allows you to finance a basic but functional project on your own land. The total loan in this category is $58,117,000 and does not include an interest rate, as lines up to 80 m² are exempt. This means that during the repayment period, the installment adjustment will be made exclusively by the CVS , and no additional interest will be charged.

In addition to the most economical option, the IPV offers five other alternatives for building larger homes , with installments that vary according to the square footage and the minimum family income required :

• Alternative V : 69 m² . Monthly payment: $304,824.71 . Minimum income: $1,524,123.55

• Alternative IV : 80 m² . Monthly payment: $339,831.53 . Minimum income: $1,699,157.63

• Alternative III : 100 m² . Monthly payment: $403,361.01 . Minimum income: $2,016,805.11

• Alternative II : 120 m² . Monthly payment: $497,552.19 . Minimum income: $2,487,760.94

• Alternative I : 140 m² . Monthly payment: $566,394.13 . Minimum income: $2,831,970.67

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These options also include a UVA -adjusted savings period, followed by a repayment plan that is updated based on the CVS . For 100 m² or more, installments include an interest rate that varies between 2% and 4% , depending on the project.

The larger the area to be built, the higher the credit granted and, consequently, the monthly payment . However, the system aims to keep payments below 20% of family income , maintaining a reasonable relationship between payment capacity and financing.

Once the applicant completes the savings period or is awarded a loan in a tender, the loan execution phase begins. From that point on, the installments are no longer updated by UVA (UVA), but rather by the Salary Variation Coefficient (CVS) , published monthly by INDEC (National Institute of Statistics and Census). The amount of each installment is calculated by affecting up to 20% of the income of the family group or the guarantor, if applicable.

To qualify for the program, you must own land (or purchase it within a period of up to three years) and meet the required savings requirements. This can be done by contributing monthly or by paying the equivalent of 36 installments in one lump sum through the calls for bids organized by the IPV. The pre-saving system, updated by UVA, aims to ensure that the beneficiary's effort remains constant in real terms and does not lose value against inflation.

The Construyo mi Casa program is designed to offer graduated mortgage loans , with installments tailored to the size of the project and the applicant's ability to pay. A 55 m² house can be built for as little as $264,650 per month , with state financing covering 85% of the total cost and a salary-linked repayment plan. This is a concrete tool for those looking to build without falling into unpayable debt.