Mortgage Loans
In this section you can find information about NMC refinancing loans and their terms of granting.
Cooperating Companies
We present our partner financial institutions and terms of cooperation with NMC.
Statistics
Here are statistical data on the mortgage market of RA, NMC refinancing loan volumes and refinanced loans dynamics.
NMC Bonds
Here is presented detailed information on NMC bonds' main terms and issue papers as well as bonds circulation and redemption terms.
News
14.03
Memorandum of Understanding Signed between National Mortgage Company and Korea Housing Finance Corporation
Memorandum of Understanding Signed between National Mortgage Company and Korea Housing Finance Corporation Yerevan, March 14 National Mortgage Company RCO CJSC and Korea Housing Finance Corporation have signed a memorandum of understanding (MoU) today, with a purpose of joint development of Armenia’s and Korea’s housing finance markets. MoU was signed by Executive Director of the National Mortgage Company Edmond Vardumyan and President and Executive Director of Korea Housing Finance Corporation Jung Hwan Lee. The main purpose of the MoU is to commence a cooperation in the areas of housing finance and mortgage market, based on joint research and exchange of knowledge developed on the topics of general concern. The National Mortgage Company has been consistently developing its product inventory to comply with the growing standards of the industry and world’s best practices, Company’s Executive Director Edmond Vardumyan said at the official signing ceremony that took place at the Central Bank of Armenia. Republic of Korea is incomparably far in the lead in use and application of financial instruments in the field of mortgage market and cooperation shall help to learn from the successful model. According to Korea Housing Finance Corporation Executive Director Jung Hwan Lee, no country has been able to manage all its issues on its own and the exchange of knowledge will facilitate the implementation of companies’ mission, national welfare and economic development of both nations. Korea Housing Finance Corporation was established in 2004 by the government with the aim to support Korea republic’s housing welfare. The Corporation implements 4 main functions – mortgage finance, securitization, credit guarantees for the housing finance and support through reverse guarantees for senior citizens. National Mortgage Company was established in 2009 by the Central Bank of Armenia to support the development of mortgage market and broaden the access to housing finance in Armenia. The Company refinances acquisition, renovation and construction of residential housing. The Company presently cooperates with German KfW bank group, French Development Agency, Black Sea and Development Bank and other international institutions.
14.03
Alert on Consumer Rights Protection
When considering to buy an apartment at buildings that are in process of construction or yet to be constructed, please pay attention to the following circumstances. It is a world practice to pay attention to the stage of completion to avoid possible financial losses in the future. We also call you not to commit prepayment or downpayment without signing a contract and checking the availability of all the proper documentation (project design and construction permits, etc). Failure to follow the abovementioned precautions may result in considerable risks of financial losses for potential home buyers as they bear all the risks in case the building construction remains unfinished or incomplete: We also inform that National Mortgage Company periodically reviews the lending terms of its programs to make the loan products more favorable and accessible for population (irrespectively of profession, age, etc). In particular, • The required downpayment may amount to 7,5% (instead of 30%), if the borrower is unmarried person below 30-years-old and the apartment is acquired at the primary market. In this case the required loan security should include a second collateral or insurance coverage for the difference of prepaid 7.5% and 30%: • Or the downpayment may amount to 10% for all the other borrowers, and the apartment may be acquired both from the primary and secondary markets. In this case the insurance should cover the difference of prepaid 10% and 30%. In the framework of its operations, National Mortgage Company refinances only loans that qualify the standards of NMC. These standards are primarily designed to protect the rights of buyers-borrowers.
04.02
Request for Price Proposal for Acquisition of HPE ProLiant ML350 Gen10 Server
Request for Price Proposal for Acquisition of HPE ProLiant ML350 Gen10 Server
24.08
NMC signed MLAs with ‘‘Evocabank’’ CJSC and ‘‘Armeconombank’’ OJSC in the framework of Housing Finance program, 4th phase financed by German KfW bank
On 28th of August, 2018 National Mortgage Company signed MLAs with ‘‘Evocabank’’ CJSC and ‘‘Armeconombank’’ OJSC in the framework of Housing Finance program, 4th phase financed by German KfW bank.
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Updated 24.05.2019 13:44