Davivienda mortgage loan: requirements, rates and how to apply

Buying a house in the southern Aburrá Valley is almost never a matter of having all the money upfront, but rather of finding someone who will lend you the rest under terms that won't overwhelm you. That's where the Davivienda mortgage loan, This is one of the most sought-after options for the families we serve who want to transition from renting to homeownership. This bank finances up to 80% of the property value, lends for new or used homes, and requires that the first payment not exceed 40% of the family's income. Before you sign anything, it's worth understanding what they require, how much they lend, and how to apply, so you know what to expect when you go to the bank.

We are Hepacom, a foundation for dignified housing (NIT 900.841.914-1) that supports families in the southern Aburrá Valley on their journey to homeownership. We are not Davivienda, nor are we financial advisors, and we don't profit if you take out this loan. What we do is gather official information and present it in a clear and understandable way, because we've seen too many families get caught up in loans they didn't understand. Here we tell you what the bank says, with links so you can verify each piece of information with the source.

What is a Davivienda mortgage loan and what does it finance?

It's a long-term loan for buying a home, where the property itself serves as collateral. If you want to understand the concept of a fund, we explain it separately in What is a mortgage loan?; Here we'll go straight to how this bank handles it. Davivienda mortgage loan It's used to buy a new or used home, whether from a bank-financed project or a private seller. According to official information from Davivienda, it finances up to 80% of the property value, although the actual percentage depends on whether the property is social interest housing (VIS) or not, the appraisal, and your credit profile. You have to provide the other part, the down payment, and we discuss that in our guide. How much do you need for the down payment?.

How much does Davivienda lend and what is the loan term?

It lends up to 801% of the property's market value, and the term is counted in years, not individual months. Long-term mortgages in Colombia are the norm, typically up to 20 years in pesos and even longer in UVR (Real Value Units), but the exact term you're approved for depends on your age, income, and the bank's current policy. Don't just focus on the lower monthly payment for a long term: the longer the term, the more interest you'll pay in the end. Before deciding, run the numbers on the Davivienda's official simulator and compare it to your actual capacity using our guide borrowing capacity. We don't include the interest rate here on purpose: it changes frequently and the bank itself marks it as informational, so check the current rate at Davivienda or at the... Financial Superintendency, which publishes the system's rates.

What requirements does Davivienda have for a mortgage loan?

Fewer than people imagine, but every one matters. According to its official website, Davivienda requires applicants to be between 18 and 73 years and 364 days old at the time of approval (and up to 74 years and 364 days old at disbursement), have a stable source of income as an employee, self-employed individual, or pensioner, and have a good credit history. The most crucial filter is that the first installment does not exceed 401% of the family income: this is the line that separates approval from rejection. This table summarizes the key points and where to confirm them.

Prepared by Hepacom based on official information from Davivienda. Percentages, terms, rates, and limits are defined by the bank and the government and are subject to change; amounts are estimates. Last updated: July 2026.

Common mistakes when applying for a Davivienda mortgage

• Believing that the bank finances the 100%: It doesn't. It finances up to 801% of the property value, so you have to come up with the down payment (201% or more) yourself before starting.
• Look only at the installment amount and not the interest rate or the term: A longer loan term lowers the monthly payment but increases the total interest cost. Compare the total cost in the simulator, not just the monthly amount.
• Apply without checking your credit history: The "good credit history" that the bank requires is checked against credit bureaus. An outstanding report can delay approval; that's why it's advisable to review it beforehand, as we explain in Why are they rejecting a mortgage loan?.

How to apply for a Davivienda mortgage loan step by step?

The bank summarizes the process in four stages, and it helps to understand them clearly so you don't waste time. First, you find the property you want to buy and gather the necessary documents. Second, the bank conducts a financial evaluation: it studies your income, your credit history, and the property's value to determine the loan amount. Third comes the legalization, where the deed and mortgage are signed before a notary, and the collateral is established. Fourth, the disbursement, when the bank releases the funds to the seller and the loan is activated. Have your national identity card, proof of income, bank statements, and, if applicable, your tax return readily available. And be aware of costs other than the loan itself: deed expenses They are added at the time of signing.

Can it be combined with the Mi Casa Ya subsidy or compared with other banks?

Yes to the first, and the second is advisable. If you're going to buy social housing, the mortgage loan can be combined with the government subsidy: check the Mi Casa Ya requirements to see if you qualify, because that support reduces what you have to finance. And before signing with Davivienda, it's worth comparing: see how another large bank handles it in our guide to the BBVA mortgage loan and look at the comparison of interest rates. Choosing the right bank can mean millions of dollars in difference over twenty years.

How Hepacom accompanies you

If you're taking the step towards owning your own home and this whole world of loans and requirements overwhelms you, that's normal. At Hepacom, through our work for the decent housing For families in the Aburrá Valley, we guide you so you arrive at the bank with clear information and know what questions to ask. The loan is approved and disbursed by Davivienda, not us: we don't charge fees or manage loans or banking procedures. What we do is help you understand the process and, when your situation warrants it, accompany you toward a secure home. Write to us at donaciones@hepacom.org or from contact us, Whether it's to resolve a question about housing or to join the cause of more families owning their own home.

Frequently Asked Questions

What percentage of the property does Davivienda finance?
According to their official information, they finance up to 80.1% of the property value, with the remainder being the down payment provided by the family. The actual percentage depends on whether the property is classified as VIS (Social Interest Housing) or not, the appraisal value, and your credit profile; confirm this using the bank's official simulator.

What is the minimum age requirement for a Davivienda mortgage loan?
The bank requires applicants to be between 18 and 73 years and 364 days old for approval, and up to 74 years and 364 days old at the time of disbursement. Pensioners can also apply if they meet the other requirements.

Can you apply for a loan using your first home or a subsidy?
Yes. If you buy social housing, you can combine the loan with the Mi Casa Ya subsidy, as long as you meet the program requirements. This reduces the amount you need to finance with the bank.

What happens if the fee exceeds 40% of my income?
The bank probably won't approve the loan because that's the debt-to-income ratio Davivienda requires. If you're over the limit, you can lower the loan amount, extend the term, add a co-signer, or wait until your income improves; first, review your borrowing capacity.

Last updated: July 2026. This is an informational guide, not financial advice. Percentages, terms, rates, requirements, and limits are defined by Davivienda, the Financial Superintendency, and the Government, and are subject to change; please verify through official channels before making a decision. Hepacom does not charge fees or manage loans or banking transactions.