These Are The Requirements For Buying Subsidized Houses That Must Be Known: Decent Housing With Light Installments

YOGYAKARTA Subsidized houses are affordable residences that can be accessed through the Home Vote Credit (KPR) scheme. Subsidized houses can be a solution for low-income people who want to have decent housing but are constrained by limited funds. For those of you who want to access this program, it is better to know the requirements for buying subsidized houses and documents that must be prepared for the mortgage process.

Summarized from various sources, Tuesday, May 9, 2023, here are the latest requirements for buying subsidized houses through the mortgage scheme:

If all the requirements for buying subsidized houses above have been met, you need to prepare several documents to apply for mortgages with light installments. The document includes:

All the documents above must be fulfilled to obtain a Subsidized KPR from the bank. The process from submission to approval will usually take approximately 10 working days.

Types Of Subsidized House Financing

There are three types of subsidized housing financing provided by the government, including:

The Face Money Assistance Subsidy (SBUM) is a type of subsidy that is given in order to fulfill part or all down payment or DP of the house.

According to the Decree of the Minister of Public Works and Public Housing Number 552/KPTS/M/2016 concerning Restrictions on Group Income, the amount of SBUM received by low-income people is IDR 4 million.

The second type of subsidized housing financing is the Housing Liquidity Financing Facility (FLPP). One of the conditions that must be met to get FLPP is to have a maximum income of IDR 8 million for landed and flat houses.

This is a government assistance program for low-income people who already have savings in order to fulfill some or all down residential payments.

The amount of subsidies provided can reach IDR 32.4 million, but applicants must have at least 5 percent of the total house price.

That's the information about the requirement to buy a subsidized house. Hopefully this article can add insight to the loyal readers of VOI.ID.