Mortgage Loans in Córdoba 2025: Procrear and Bank Options

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With the return of mortgage lending to Argentina, we analyze the available options for buying your property in Córdoba with financing.

The Return of Mortgage Credit in Argentina

After five years of near-absence (2019–2024), mortgage credit returned to Argentina in mid-2024 with macroeconomic stabilization under the Milei administration. It's not the same as before, but it's back.

UVA Mortgages: How They Work

UVA (Unit of Acquisition Value) mortgages adjust the outstanding balance and monthly payment by the inflation index (CER):

Fixed rate in UVA terms (currently 4–8% on the adjusted capital)

When inflation drops, payment increases less; when it rises, payments rise

Monthly payment cannot exceed 25–30% of net income

Main risk: if inflation accelerates, payments can grow faster than wages.

Procrear 2025

Argentina's state-subsidized mortgage program (administered by Banco Hipotecario):

Maximum amount: up to ARS 150,000,000

Purpose: first home only (not for investment)

Term: up to 30 years

Financing: up to 80% of appraised value

Eligibility: Argentine citizen or 2+ year resident, no existing property ownership

Bank Mortgage Options (Córdoba)

Bancor (Banco de Córdoba): up to 75% of appraised value, 20-year term

Banco Nación: up to 80%, up to ARS 250,000,000

Private banks (Santander, BBVA, Galicia): similar conditions, generally faster approval

Practical Simulation

Net family income	Max monthly payment (30%)	Approximate loan (20yr UVA)
ARS 400,000	ARS 120,000	~USD 30,000–40,000
ARS 700,000	ARS 210,000	~USD 55,000–70,000
ARS 1,000,000	ARS 300,000	~USD 80,000–100,000

Key Warnings

Bank appraisals are often below market price: the loan covers 75–80% of the appraised value, not the actual price — you may need a larger down payment than expected

Approval takes 60–120 days, which can cause you to lose the property you wanted

Consult a financial advisor before signing — Argentine market conditions change frequently