The Housing Finance System

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    A. Primary Housing Finance Market

    A.1 Industry Structure and Performance
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Number of firms originating and funding mortgage loans  18A.1.1
    Types of originating lenders/market share:A.1.2
    Level of Non-Performing Mortgage Loans (90 days or more past due):A.1.6
    Average 1997-2007 A.1.7
    A.2 Size of Mortgage Finance Sector
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Total amount of home mortgage loans outstanding at the end of year in millions of USD:  68 USD (millions)A.2.1
    Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)  .9%A.2.1.1
    and as % of all credits outstanding  5.08%A.2.1.2
    A.3 Housing Finance Products
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Mortgage products as % of all mortgages (approx.) in local currency:A.3.1
    Most prevalent type of foreign currency mortgage used:A.3.3
    Most frequent interest rates on fully amortizing:A.3.4
    Typical lender fees associated with mortgage origination: A.3.6
    Typical third party fees associated with mortgage origination:A.3.7
    Loan-to-Value (LTV) on first mortgage: A.3.8
    Typical LTV at origination  75.00A.3.8.2
    Maximum term over which pmt is calculated?   25 yearsA.3.9
    Mortgage pmt-to-income ratio A.3.10
    A.4 Lending and Servicing Process
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Which institutions define underwriting rules? A.4.2
    A.5 Credit Risk Assessment
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Do credit bureaus exist?   noA.5.2
    B. Funding Sources for Mortgages and the Secondary Mortgage Market
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    What are the main funding sources for mortgages?B.1
    Retail funding (deposits/other)primaryprimaryprimaryB.1.1
    Other secondarysecondarysecondaryB.1.5
    C. Housing Microfinance
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Are non-collateralized housing micro-finance loans offered? YesYesYesC.1
    Types of lenders operating in the housing micro-finance (HMF) sector:C.2
    OthersYesYesYesC.2.4
    Level of NPLs (>90 days past due) in HMFC.4
    back to top | Country Data:
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: 2013 - 2015 median house value represents average of range (240k - 315k) for a 3 bedroom / 3 bathroom house just outside Port au Prince.
    Notes: 2013 - 2015 median house value represents average of range (240k - 315k) for a 3 bedroom / 3 bathroom house just outside Port au Prince.
    Notes: 2013 - 2015 median house value represents average of range (240k - 315k) for a 3 bedroom / 3 bathroom house just outside Port au Prince.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Capital gains tax of 15%.
    Notes: Land Transfer Tax of 3.5-7%.
    Notes: National Percentage
    Notes: page 68
    Notes: Project launched in 2013 in conjunction with Development Innovations Group (DIG) in order to offer housing micro-finance loans that start from as low as $1,000.
    Notes: Project launched in 2013 in conjunction with Development Innovations Group (DIG) in order to offer housing micro-finance loans that start from as low as $1,000.
    Notes: Project launched in 2013 in conjunction with Development Innovations Group (DIG) in order to offer housing micro-finance loans that start from as low as $1,000.
    Notes: Property tax of 15% of rental value of the property.
    Notes: Tax of 0.5% to 7% of loan.
    Notes: The Development Innovations Group (DIG) began offering housing MFI loans in Haiti in 2013 to aid with the relief from the 2010 earthquake.
    Notes: The Development Innovations Group (DIG) began offering housing MFI loans in Haiti in 2013 to aid with the relief from the 2010 earthquake.
    Notes: The Development Innovations Group (DIG) began offering housing MFI loans in Haiti in 2013 to aid with the relief from the 2010 earthquake.
    Notes: There is currently no mortgage system in Haiti, although air projects from governments and NGOs around the world are looking to change this currently.