{"id":2457,"date":"2025-06-12T13:48:13","date_gmt":"2025-06-12T16:48:13","guid":{"rendered":"https:\/\/www.jdf.cl\/?p=2457"},"modified":"2025-06-12T13:52:04","modified_gmt":"2025-06-12T16:52:04","slug":"2457-2","status":"publish","type":"post","link":"https:\/\/jdf.cl\/en\/2457-2\/","title":{"rendered":"Law No. 21,748: Establishes a Mortgage Interest Rate Subsidy for the Purchase of New Homes and Amends Certain Provisions"},"content":{"rendered":"<p class=\"translation-block\">On Thursday, May 29, 2025, Law No. 21,748 was published in the Official Gazette. This law establishes a subsidy for mortgage interest rates for the purchase of new homes and amends certain provisions indicated therein. It is also known as the \u201cMortgage Payment Subsidy Law\u201d (hereinafter, the \u201cLaw\u201d).<\/p>\n<p class=\"translation-block\">In general terms, the Law establishes a state subsidy for a period of 24 months starting on May 29, 2025 (the \u201cSubsidy\u201d), aimed at reducing the interest rate of mortgage loans for the purchase of new homes, with the objective of improving access to housing and boosting the real estate market.<\/p>\n<p>The Subsidy consists of a reduction of up to 60 basis points (bps) on the interest rate of such loans. It will be granted along with the \u201cNew Housing Support Guarantees\u201d (as described below).<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Requirements to Access the Subsidy <\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The Subsidy will apply exclusively to the purchase of new homes, in first sale, with a value not exceeding UF 4,000. The full amount of the Subsidy will be transferred as a rate discount to the credit applicant, according to the formula determined by the Ministry of Finance. It will not apply to purchase agreements signed before December 31, 2024, nor to mortgage loans that have been renegotiated.<\/p>\n<p>&nbsp;<\/p>\n<p>Additionally, the Law provides for the granting of up to 50,000 subsidies to individuals, of which 6,000 will be reserved for individuals meeting additional criteria. These include financing their first home, with a value not exceeding UF 3,000, and meeting the requirements established in Supreme Decree No. 1 of 2011 and Supreme Decree No. 19 of 2016, both issued by the Ministry of Housing and Urbanism.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Amendments to Law No. 21,543 Creating the Special Guarantee Fund<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The Law introduces the following state guarantee programs:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Programa de Garant\u00edas Apoyo a la Vivienda Nueva<\/strong>, el cual se sujetar\u00e1 a las siguientes reglas:\n<ul>\n<li>No podr\u00e1 garantizar m\u00e1s del 60% del valor de la vivienda.<\/li>\n<li>No podr\u00e1 garantizar cr\u00e9ditos para compraventa de viviendas cuya promesa sea anterior al 31 de diciembre de 2024.<\/li>\n<li>El plazo de la garant\u00eda del Fondo no podr\u00e1 ser mayor a la mitad del plazo del financiamiento por el cual se otorgue, que, en todo caso, no podr\u00e1 ser superior a 15 a\u00f1os ni inferior a 5 a\u00f1os.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li class=\"translation-block\">Regional Productive Recovery Guarantee Program, aimed at companies operating outside the Metropolitan Region with annual sales between UF 25,000 and UF 1,000,000. These guarantees may not cover more than 80% of the outstanding loan balance or loans exceeding UF 250,000, with a maximum term of 12 years. Financing may only be granted until December 31, 2028, provided there is one or more applicable regulatory decrees in effect.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Amendments to Law No. 19,281 on Lease with Promise to Purchase<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Law No. 19,281 is amended to allow applications for housing subsidies to also include affordable housing built prior to the enactment of DFL 2 of 1959, provided they meet established requirements.<\/p>\n<p>&nbsp;<\/p>\n<p>Additionally, the framework is made more flexible to allow greater access to homeownership through rent-to-own schemes, enabling these to be executed on new, used, or under-construction properties, as well as on homes previously sold by their owners to developers for the purpose of rent with a purchase option.<\/p>\n<p>&nbsp;<\/p>\n<p>Finally, it should be noted that the payment of the Subsidy by the State to the banks will not begin until May 2026. The Ministry of Finance and the Undersecretariat of Finance will be responsible for issuing the implementing regulations, establishing calculation formulas, and supervising the program.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"translation-block\">For more information on this matter, you may contact Julio Trucco (jtrucco@jdf.cl) or Josefina Ossa (jossa@jdf.cl).<\/p>","protected":false},"excerpt":{"rendered":"<p>El jueves 29 de mayo de 2025, se public\u00f3 en el Diario Oficial, la Ley N\u00b021.748, que establece subsidio a la tasa de inter\u00e9s hipotecaria para la adquisici\u00f3n de viviendas nuevas y que modifica normas que en ella se indican, tambi\u00e9n llamada \u201cLey de Subsidio al Dividendo\u201d (en adelante, la \u201cLey\u201d). En t\u00e9rminos generales, la [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novedades"],"acf":[],"_links":{"self":[{"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/posts\/2457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/comments?post=2457"}],"version-history":[{"count":3,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/posts\/2457\/revisions"}],"predecessor-version":[{"id":2463,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/posts\/2457\/revisions\/2463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/media\/2460"}],"wp:attachment":[{"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/media?parent=2457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/categories?post=2457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jdf.cl\/en\/wp-json\/wp\/v2\/tags?post=2457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}