IPV Credit: How much you pay in July to build your 100-square-meter house

The Provincial Housing Institute (IPV) maintains the Construyo mi Casa program, a mortgage loan program for families who own land and wish to finance the construction of their home.

Under a pre-savings scheme, those who qualify must contribute 15% of the total project value, while the IPV finances the remaining 85% with a loan as the project progresses.

In July, the increase in the value of UVAs directly impacted the amount of the fees , which are updated monthly. This increase redefines how much must be paid by families already participating in the program, as well as those planning to enroll to build a 100-square-meter house .

The construction of duplex apartments, a housing boom that will grow this year in Mendoza. Photo: Los Andes

With the updated UVA (UVA) value, which rose from $1,396 in June to $1,517.83 in July, the monthly payment for building a 100-square-meter house reached $403,361.01 . This amount corresponds to the pre-savings stage, where the beneficiary must complete a total equivalent to 15% of the home's value to then access IPV financing.

This option requires a minimum household income of $2,016,805.11 to qualify for the program. The estimated mortgage loan for this category is approximately $82,940,000 , which is disbursed in stages based on the physical progress of the project. Savings period installments are automatically adjusted by UVA (UVA ), ensuring that contributions do not lose value due to inflation.

To apply for an IPV mortgage loan , the main requirement is to own land or be able to acquire one within a maximum of three years. It is also necessary to save 15% of the total value of the home, either through monthly contributions over 36 installments or through direct bidding, as determined by each call.

Once the loan is awarded, the installments are adjusted according to the Salary Variation Coefficient (CVS) published by INDEC (National Institute of Statistics and Census). From there, the monthly amount is calculated based on 20% of the household's income, respecting the interest rate caps based on the financed surface area. Options equal to or less than 80 m² carry no interest, while larger projects apply a rate between 1% and 4%.

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This scheme seeks to maintain credit accessibility over time, allowing installment payments to grow with family income and not fall behind inflation. Furthermore, by using UVA (UVA) adjustments during the savings phase and CVS (CVS) adjustments during repayment, the scheme seeks to protect both the beneficiary and the public financing system.

The Construyo mi Casa program offers different financing categories, which vary depending on the project's surface area. The larger the square footage, the higher the mortgage loan amount, the monthly payment , and the minimum income requirement. These are the options available in July, following the UVA (UVA) rate update:

• Alternative I
• Surface: 140 m²
• Monthly fee: $566,394.13
• Minimum income required: $2,831,970.67
• Alternative II
• Surface: 120 m²
• Monthly fee: $497,552.19
• Minimum income required: $2,487,760.94
• Alternative III
• Surface: 100 m²
• Monthly fee: $403,361.01
• Minimum income required: $2,016,805.11

• Alternative IV
• Surface: 80 m²
• Monthly fee: $339,831.53
• Minimum income required: $1,699,157.63
• Alternative V
• Surface: 69 m²
• Monthly fee: $304,824.71
• Minimum income required: $1,524,123.55
• Alternative VI
• Surface: 55 m²
• Monthly fee: $264,650.22
• Minimum income required: $1,323,251.12

Each option allows the project to be tailored to each family's needs and financial capabilities. As this is a mortgage loan adjusted by UVA and repaid through the CVS ( Central Bank of Spain), the terms and conditions seek to maintain a balance between affordable financing and system sustainability.