Affordable Housing Solutions in Panama

Access to affordable housing remains one of Panama's key priorities 1 2 DOWN PAYMENT GRANT Provides purchasers with up to a $10,000 rebate towards a home valued below $70,000 PREFERENTIAL INTEREST RATE Government subsidizes mortgage rates over 5 and 10 years on a sliding scale relative to home value, reducing overall borrowing costs for buyers • Subsidies range from a reduction of 1.50% 5.75% to the posted bank rates Established over 30 years ago, two distinct subsidy programs support the purchase of a home built by IHC 10 QUALIFICATION PROVISIONS • ● Cannot be a current homeowner Sworn declaration of family income Demonstrate ability to be approved for a mortgage on the home to be bought Income cannot exceed $2,000 per month Source: Ministerio de Vivienda y Ordenamiento Territorial Panama, 2023 Confidential | 8

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