UVA Mortgage: How Much Do You Need to Earn to Buy a $100,000 Apartment?
The return of UVA mortgages has once again brought the possibility of accessing homeownership. However, obtaining bank approval requires much more than just being able to pay a monthly installment; it also necessitates having a significant amount of dollars before starting the transaction.
For a $100,000 apartment, the buyer may need between $28,000 and $40,000 for the down payment and associated costs. Additionally, there is an income requirement, which in a simulation with an initial installment of $780,000 could require the household to demonstrate $3.12 million per month.
The percentage depends on each institution, but banks usually do not finance the full value of the property. For example, Banco Nación allows covering up to 75% of the purchase or appraisal price, taking the lower of the two values. In a $100,000 apartment, this means the buyer will have to pay at least $25,000 out of pocket just to complete the price.
Nonetheless, this amount does not include the expenses that arise during the buying process. Auctioneer Cecilia Fariña estimates that, once all costs are incorporated, it is best to have between $28,000 and $40,000, which is between 28% and 40% of the property's value. The final amount will depend on the percentage financed by the bank, the jurisdiction in which the transaction takes place, and the specific conditions of the loan.
The down payment is only part of the money that needs to be available, as buying a property also involves facing a series of expenses that are typically not covered by the mortgage. For a property valued at $100,000, the estimates are:
- Deed, stamps, and notary fees: between 3.5% and 5%, approximately $3,500 to $5,000
- Real estate fees: between 3% and 4% plus VAT, approximately $3,600 to $4,800
- Appraisal: between $150 and $300, depending on the institution
- Banking, administrative, and insurance fees: vary according to the contracted loan.
Not all banks apply the same charges. Banco Nación, for example, reports that it currently does not charge a fee for the property appraisal within its mortgage line. Therefore, before choosing a property, it is essential to calculate the total cost of the transaction and not just how much money the bank requires as a down payment.
Once the dollars are gathered, the second major filter appears: the household's monthly income. In the UVA loans from Banco Nación, the initial installment cannot exceed 25% of the computable income of those requesting the loan. This means that for every $100,000 installment, it is necessary to demonstrate $400,000 in income.
For example, if the first installment were $500,000, the household would need to prove $2 million per month. Banks also allow, under certain conditions, to combine the incomes of a couple, so the requirement does not necessarily have to be met by one person alone. Banco Nación allows up to two primary borrowers and also permits the inclusion of up to two co-borrowers, who can be parents, children, or siblings, as long as they meet the conditions set by the institution.
For a $100,000 apartment, a simulation based on conditions from institutions like Banco Nación, Banco Ciudad, and BBVA places the first installment at $780,000. If the bank requires that this obligation does not exceed 25% of the household income, the applicant would need to demonstrate: $780,000 ÷ 0.25 = $3,120,000 per month.
This means that a household would need an income of $3.12 million per month to meet this requirement under these conditions. The figure is $320,000 above the average net income of Argentine households estimated at $2.8 million per month for the first quarter of 2026.
The final installment will depend on how much money is requested, the number of UVA financed, the chosen term, the applied rate, and the buyer's credit profile. Additionally, the capital of these loans is expressed in Units of Purchasing Value (UVA), which are updated with the CER and follow the evolution of prices.
-- Price
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