On February 11, 2026, President Daniel Noboa of Ecuador announced a significant increase to the loan ceiling for the Credicasa program managed by the Ecuadorian Social Security Institute (Biess). The ceiling has been raised from $50,000 to $65,000, providing more financial flexibility for potential homebuyers. Noboa emphasized that the changes also cater to young buyers by allowing credit for suites, further enhancing the accessibility of housing finance options for a broader demographic.

Additionally, the announcement followed a recent adjustment earlier in January, where the interest rate for the Biess premier housing loan was reduced from 4.99% to 2.99%. This reduction was aimed at making home loans more attractive and sourceable, enabling more citizens, particularly young families and first-time buyers, to secure financing for purchasing their homes. The new terms not only increase the maximum financing amount but also address the type of properties that can be purchased under this scheme, specifically emphasizing new, first-use homes.

This policy decision is part of a broader initiative to stimulate the housing market in Ecuador, encouraging more citizens to invest in home ownership. By increasing the loan limits and lowering interest rates, the government aims to support economic growth and improve the living conditions of its residents. These developments reflect the administration's commitment to enhancing social security provisions and creating favorable financial conditions for housing.