Your AFP opens the way to your own home! We tell you step by step to withdraw your funds without setbacks.
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The possibility of withdrawing up to 25% of the funds accumulated in the Pension Fund Administrators (AFP) for the purchase of a home generates great interest among members. This mechanism, supported by Law 30478, offers a feasible way for those seeking to acquire their first property, and who do not have all the necessary financial means.
Don’t miss the opportunity to buy your own home! In this article, we will explore the crucial details of this law, the requirements necessary to access this benefit, and the procedure to request the withdrawal of AFP funds for the purchase of your first home.
What does Law 30478 say about the withdrawal of AFP?
Law 30478 allows members of the AFP withdraw up to 25% of your accumulated funds to cover the initial payment of a mortgage loan. This initiative arises as a response to the need to facilitate access to housing.
The law establishes a framework so that members can invest in a valuable asset, thus contributing to their long-term financial stability and security. It should be noted that the rule does not allow these resources to be used for renovation, remodeling, expansion, improvement or subdivision of a property or to consolidate a mortgage debt.
What are the requirements to withdraw my AFP funds to buy a home?
To be eligible for the withdrawal of AFP funds for the purpose of purchasing a home, the member must meet several requirements. Take note!
- It’s fundamental not having made a previous withdrawal for this purpose and not being the owner of another home.
- Not be the owner, currently or in the past, of any property under a community partnership regime.
- Not be a 50% or more co-owner of a property that is registered with Sunarp.
- You must not be the holder of a mortgage loan or be a co-signer with a liability of 50% or more on a property registered with Sunarp.
How to request the AFP withdrawal to purchase a home?
The process to request the withdrawal of AFP funds for the purchase of a home is simple, but requires following some specific steps. We detail each one so that you can do it without setbacks.
- Go to the financial institution to request a mortgage loan and present the Sunarp Real Estate Index Search document.
- Your order will be evaluated and, if approved, you will be given the pre-conformity document.
- With this document, the affiliate must submit an application to their AFP, accompanied by the required documentation, to request up to 25% of your funds.
- The AFP will evaluate the application and, once approved, will disburse the funds directly to the bank where the mortgage loan is processed.
- It is essential to be aware of the specific deadlines and requirements established by each AFP to ensure a smooth and successful process.
Bachelor’s degree in journalism from the Pontifical Catholic University of Peru. He is an editor with interest in gender, disability and economics issues.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
